U.S. Capital Wealth Advisors LLC boosted its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 213.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 128,700 shares of the footwear maker's stock after purchasing an additional 87,656 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in NIKE were worth $8,170,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of NIKE in the fourth quarter valued at approximately $1,126,288,000. Wellington Management Group LLP increased its stake in NIKE by 32.4% during the fourth quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker's stock worth $2,749,903,000 after acquiring an additional 8,898,591 shares during the last quarter. Renaissance Technologies LLC increased its stake in NIKE by 1,302.7% during the fourth quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock worth $196,901,000 after acquiring an additional 2,416,601 shares during the last quarter. Capital World Investors increased its stake in NIKE by 10.3% during the fourth quarter. Capital World Investors now owns 24,545,937 shares of the footwear maker's stock worth $1,857,389,000 after acquiring an additional 2,288,627 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake in shares of NIKE by 183.9% in the fourth quarter. Toronto Dominion Bank now owns 2,996,972 shares of the footwear maker's stock valued at $226,779,000 after buying an additional 1,941,375 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company's stock.
NIKE Price Performance
NKE stock traded down $2.35 on Tuesday, reaching $74.18. The company had a trading volume of 7,428,612 shares, compared to its average volume of 15,335,015. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $90.62. The company has a market cap of $109.72 billion, a P/E ratio of 34.36, a PEG ratio of 2.77 and a beta of 1.25. The company's fifty day moving average is $62.75 and its 200 day moving average is $67.35. 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 (NYSE:NKE - Get Free Report) last released its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 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 during the quarter, compared to the consensus estimate of $10.69 billion. During the same period in the prior year, the firm posted $0.99 EPS. The business's revenue for the quarter was down 11.9% on a year-over-year basis. On average, research analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current year.
NIKE Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.16%. NIKE's dividend payout ratio is presently 74.07%.
Analyst Ratings Changes
A number of research firms recently issued reports on NKE. The Goldman Sachs Group lifted their target price on NIKE from $72.00 to $81.00 and gave the company a "buy" rating in a report on Friday, June 27th. Stifel Nicolaus decreased their price target on NIKE from $75.00 to $64.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Berenberg Bank assumed coverage on NIKE in a report on Tuesday, April 15th. They issued a "hold" rating and a $58.00 target price for the company. Robert W. Baird boosted their price target on NIKE from $80.00 to $88.00 and gave the company an "outperform" rating in a research report on Friday, June 27th. Finally, China Renaissance began coverage on NIKE in a research report on Wednesday, March 19th. They issued a "hold" rating on the stock. One investment analyst has rated the stock with a sell rating, twelve 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.19.
View Our Latest Report on NIKE
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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