NIKE, Inc. (NYSE:NKE) Stock Position Raised by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,687,857 shares of the footwear maker's stock after buying an additional 101,484 shares during the period. NIKE accounts for approximately 1.0% of Bank Julius Baer & Co. Ltd Zurich's holdings, making the stock its 26th biggest position. Bank Julius Baer & Co. Ltd Zurich owned 0.11% of NIKE worth $183,251,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Oliver Luxxe Assets LLC grew its position in shares of NIKE by 2.9% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 37,510 shares of the footwear maker's stock valued at $3,587,000 after buying an additional 1,041 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in NIKE in the 4th quarter worth about $8,034,000. Financial Gravity Asset Management Inc. grew its position in NIKE by 2,332.5% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 184,042 shares of the footwear maker's stock worth $17,598,000 after purchasing an additional 176,476 shares during the last quarter. International Assets Investment Management LLC grew its position in NIKE by 10,184.3% in the 4th quarter. International Assets Investment Management LLC now owns 388,131 shares of the footwear maker's stock worth $42,139,000 after purchasing an additional 384,357 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC grew its position in NIKE by 55.6% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 194,164 shares of the footwear maker's stock worth $21,080,000 after purchasing an additional 69,363 shares during the last quarter. Institutional investors own 64.25% of the company's stock.

Wall Street Analyst Weigh In

NKE has been the subject of several recent analyst reports. Sanford C. Bernstein decreased their target price on shares of NIKE from $134.00 to $120.00 and set an "outperform" rating for the company in a research report on Friday, March 22nd. Wells Fargo & Company decreased their target price on shares of NIKE from $125.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday, March 22nd. Truist Financial reaffirmed a "hold" rating and issued a $111.00 price target on shares of NIKE in a research note on Tuesday, March 19th. UBS Group reduced their price target on shares of NIKE from $138.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, March 22nd. Finally, Stifel Nicolaus reduced their price target on shares of NIKE from $129.00 to $117.00 and set a "buy" rating for the company in a research note on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $116.26.

NIKE Stock Down 0.7 %

NIKE stock traded down $0.70 during trading hours on Thursday, hitting $93.94. The company had a trading volume of 5,296,510 shares, compared to its average volume of 9,470,656. The firm has a market capitalization of $141.79 billion, a P/E ratio of 27.84, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. The firm's fifty day moving average is $97.39 and its 200-day moving average is $103.38. NIKE, Inc. has a fifty-two week low of $88.66 and a fifty-two week high of $128.68.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.29. The firm had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. On average, research analysts forecast that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, March 1st. This represents a $1.48 annualized dividend and a dividend yield of 1.58%. NIKE's dividend payout ratio (DPR) is 43.53%.

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.

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