Capital Investment Advisory Services LLC Raises Holdings in NIKE, Inc. (NYSE:NKE)

Capital Investment Advisory Services LLC boosted its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 97.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,547 shares of the footwear maker's stock after buying an additional 5,712 shares during the quarter. Capital Investment Advisory Services LLC's holdings in NIKE were worth $733,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in shares of NIKE during the fourth quarter valued at about $28,000. LFA Lugano Financial Advisors SA boosted its stake in shares of NIKE by 110.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after purchasing an additional 210 shares in the last quarter. Hopwood Financial Services Inc. bought a new position in shares of NIKE during the fourth quarter worth about $30,000. EnRich Financial Partners LLC raised its position in shares of NIKE by 196.4% during the fourth quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock worth $31,000 after acquiring an additional 273 shares during the last quarter. Finally, Roxbury Financial LLC raised its position in shares of NIKE by 52.1% during the first quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker's stock worth $37,000 after acquiring an additional 201 shares during the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Stock Down 2.8%

Shares of NYSE:NKE traded down $2.17 during mid-day trading on Tuesday, hitting $74.36. 5,126,510 shares of the company traded hands, compared to its average volume of 18,099,279. The stock has a 50-day moving average price of $62.75 and a two-hundred day moving average price of $67.35. The company has a current ratio of 2.21, a quick ratio of 1.50 and a debt-to-equity ratio of 0.60. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $90.62. The stock has a market cap of $109.98 billion, a P/E ratio of 34.42, a P/E/G ratio of 2.77 and a beta of 1.25.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. NIKE had a return on equity of 23.33% and a net margin of 6.95%. The business had revenue of $11.10 billion for the quarter, compared to analysts' expectations of $10.69 billion. During the same quarter in the previous year, the firm earned $0.99 earnings per share. The business's revenue was down 11.9% on a year-over-year basis. On average, equities research analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.60 annualized dividend and a yield of 2.15%. NIKE's dividend payout ratio is currently 74.07%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NKE shares. Barclays raised their price objective on NIKE from $53.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Friday, June 27th. Needham & Company LLC raised their price objective on NIKE from $66.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Truist Financial lowered their price objective on NIKE from $82.00 to $73.00 and set a "buy" rating for the company in a research report on Tuesday, June 24th. Bank of America lifted their target price on NIKE from $80.00 to $84.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Finally, Cfra Research upgraded NIKE to a "moderate buy" rating in a report on Friday, March 21st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $77.19.

NIKE Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.