Vision Capital Management Inc. raised its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 12.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,574 shares of the footwear maker's stock after purchasing an additional 8,222 shares during the period. Vision Capital Management Inc.'s holdings in NIKE were worth $4,861,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of NKE. Spire Wealth Management boosted its holdings in shares of NIKE by 4.4% in the first quarter. Spire Wealth Management now owns 9,872 shares of the footwear maker's stock worth $627,000 after acquiring an additional 416 shares during the period. Renaissance Technologies LLC lifted its holdings in NIKE by 1,302.7% during the 4th quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock worth $196,901,000 after purchasing an additional 2,416,601 shares in the last quarter. Capitolis Liquid Global Markets LLC boosted its stake in NIKE by 40.9% in the 4th quarter. Capitolis Liquid Global Markets LLC now owns 310,000 shares of the footwear maker's stock worth $23,458,000 after purchasing an additional 90,000 shares during the period. Janus Henderson Group PLC grew its holdings in NIKE by 8.3% during the 4th quarter. Janus Henderson Group PLC now owns 6,081,021 shares of the footwear maker's stock valued at $460,160,000 after buying an additional 463,470 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its position in shares of NIKE by 3.3% during the fourth quarter. Evergreen Capital Management LLC now owns 237,199 shares of the footwear maker's stock valued at $18,042,000 after buying an additional 7,536 shares during the period. 64.25% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Citigroup upped their price target on NIKE from $57.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, June 27th. Morgan Stanley raised their price target on shares of NIKE from $61.00 to $64.00 and gave the company an "equal weight" rating in a report on Friday, June 27th. Robert W. Baird increased their price objective on NIKE from $80.00 to $88.00 and gave the stock an "outperform" rating in a research report on Friday, June 27th. Deutsche Bank Aktiengesellschaft lowered their price objective on NIKE from $77.00 to $71.00 and set a "buy" rating on the stock in a research report on Friday, June 20th. Finally, Hsbc Global Res upgraded NIKE from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $77.15.
Check Out Our Latest Analysis on NIKE
NIKE Trading Down 2.6%
NIKE stock traded down $1.93 during trading hours on Friday, reaching $72.69. The company had a trading volume of 8,001,882 shares, compared to its average volume of 15,215,314. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50. The company has a 50-day moving average price of $63.78 and a 200 day moving average price of $67.43. The firm has a market cap of $107.52 billion, a price-to-earnings ratio of 33.62, a P/E/G ratio of 2.66 and a beta of 1.25. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $90.62.
NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The business had revenue of $11.10 billion during the quarter, compared to analysts' expectations of $10.69 billion. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The firm's revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.99 EPS. Equities analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current year.
NIKE Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 2nd were issued a dividend of $0.40 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.20%. NIKE's dividend payout ratio is presently 74.07%.
NIKE Company Profile
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Free Report)
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.
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