Stephens Inc. AR raised its position in NIKE, Inc. (NYSE:NKE - Free Report) by 19.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,799 shares of the footwear maker's stock after buying an additional 16,087 shares during the period. Stephens Inc. AR's holdings in NIKE were worth $6,272,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of NKE. Elgethun Capital Management grew its position in NIKE by 13.7% in the fourth quarter. Elgethun Capital Management now owns 1,236 shares of the footwear maker's stock valued at $94,000 after purchasing an additional 149 shares in the last quarter. AlTi Global Inc. lifted its stake in shares of NIKE by 0.4% during the 4th quarter. AlTi Global Inc. now owns 36,996 shares of the footwear maker's stock worth $2,813,000 after buying an additional 150 shares during the last quarter. Cohen & Steers Inc. lifted its stake in shares of NIKE by 5.3% during the 4th quarter. Cohen & Steers Inc. now owns 3,171 shares of the footwear maker's stock worth $240,000 after buying an additional 160 shares during the last quarter. Banco de Sabadell S.A raised its stake in NIKE by 1.2% in the 4th quarter. Banco de Sabadell S.A now owns 15,966 shares of the footwear maker's stock worth $1,208,000 after purchasing an additional 188 shares in the last quarter. Finally, Aaron Wealth Advisors LLC raised its stake in NIKE by 4.3% in the 1st quarter. Aaron Wealth Advisors LLC now owns 4,666 shares of the footwear maker's stock worth $296,000 after purchasing an additional 192 shares in the last quarter. Institutional investors own 64.25% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have commented on NKE shares. Royal Bank Of Canada decreased their target price on shares of NIKE from $66.00 to $65.00 and set a "sector perform" rating on the stock in a report on Tuesday, May 20th. JPMorgan Chase & Co. lifted their price target on shares of NIKE from $56.00 to $64.00 and gave the company a "neutral" rating in a report on Friday, June 27th. Piper Sandler boosted their target price on shares of NIKE from $70.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, June 27th. Telsey Advisory Group reissued a "market perform" rating and set a $70.00 target price on shares of NIKE in a report on Friday, June 27th. Finally, UBS Group assumed coverage on shares of NIKE in a research report on Sunday, July 6th. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, NIKE presently has a consensus rating of "Moderate Buy" and a consensus target price of $77.15.
Check Out Our Latest Stock Analysis on NIKE
NIKE Trading Up 0.1%
NIKE stock traded up $0.10 during mid-day trading on Wednesday, hitting $72.09. The company's stock had a trading volume of 9,005,443 shares, compared to its average volume of 15,127,866. The company has a 50 day moving average of $64.92 and a 200-day moving average of $67.30. The stock has a market cap of $106.63 billion, a PE ratio of 33.37, a P/E/G ratio of 2.64 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.50 and a current ratio of 2.21. NIKE, Inc. has a one year low of $52.28 and a one year high of $90.62.
NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $10.69 billion. During the same quarter in the prior year, the company earned $0.99 EPS. The business's revenue was down 11.9% compared to the same quarter last year. On average, research analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.
NIKE Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date was Monday, June 2nd. NIKE's dividend payout ratio (DPR) is presently 74.07%.
About NIKE
(
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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