Sky Investment Group LLC lessened its stake in shares of NIKE, Inc. (NYSE:NKE – Get Rating) by 2.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,180 shares of the footwear maker’s stock after selling 200 shares during the period. Sky Investment Group LLC’s holdings in NIKE were worth $1,235,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. RBA Wealth Management LLC lifted its position in NIKE by 1.7% during the 1st quarter. RBA Wealth Management LLC now owns 24,129 shares of the footwear maker’s stock worth $3,247,000 after acquiring an additional 395 shares during the last quarter. Gateway Investment Advisers LLC lifted its position in shares of NIKE by 1.0% during the 1st quarter. Gateway Investment Advisers LLC now owns 393,652 shares of the footwear maker’s stock worth $52,970,000 after purchasing an additional 3,846 shares during the last quarter. Gilman Hill Asset Management LLC boosted its stake in NIKE by 1.8% during the 1st quarter. Gilman Hill Asset Management LLC now owns 4,777 shares of the footwear maker’s stock valued at $643,000 after purchasing an additional 84 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in NIKE by 2.7% in the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,099,134 shares of the footwear maker’s stock worth $147,900,000 after buying an additional 29,413 shares during the period. Finally, Redpoint Investment Management Pty Ltd lifted its holdings in shares of NIKE by 1.2% during the first quarter. Redpoint Investment Management Pty Ltd now owns 31,530 shares of the footwear maker’s stock worth $4,243,000 after buying an additional 386 shares during the last quarter. 65.35% of the stock is currently owned by institutional investors.
A number of brokerages have weighed in on NKE. KGI Securities downgraded shares of NIKE from an “outperform” rating to a “neutral” rating in a report on Monday, May 23rd. Citigroup cut their price target on NIKE from $157.00 to $123.00 and set a “neutral” rating for the company in a report on Wednesday. Morgan Stanley reissued an “overweight” rating and set a $159.00 price objective on shares of NIKE in a report on Wednesday, June 15th. Deutsche Bank Aktiengesellschaft cut their target price on NIKE from $175.00 to $152.00 in a research note on Thursday. Finally, Guggenheim decreased their price target on shares of NIKE from $195.00 to $160.00 and set a “buy” rating on the stock in a research note on Monday, June 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, NIKE currently has an average rating of “Moderate Buy” and an average target price of $155.85.
NIKE stock traded up $1.85 on Thursday, reaching $106.77. The company’s stock had a trading volume of 396,848 shares, compared to its average volume of 5,631,163. The business’s fifty day moving average price is $117.72 and its 200 day moving average price is $135.48. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.18 and a current ratio of 3.06. NIKE, Inc. has a twelve month low of $103.46 and a twelve month high of $179.10. The company has a market cap of $168.03 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 1.74 and a beta of 0.96.
NIKE (NYSE:NKE – Get Rating) last issued its quarterly earnings data on Monday, March 21st. The footwear maker reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.14. NIKE had a net margin of 13.06% and a return on equity of 43.04%. The firm had revenue of $10.90 billion for the quarter, compared to analyst estimates of $10.61 billion. During the same quarter in the prior year, the firm earned $0.90 EPS. The company’s revenue was up 4.8% on a year-over-year basis. As a group, equities analysts forecast that NIKE, Inc. will post 3.68 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Monday, June 6th will be given a dividend of $0.305 per share. The ex-dividend date is Friday, June 3rd. This represents a $1.22 dividend on an annualized basis and a dividend yield of 1.14%. NIKE’s payout ratio is 32.19%.
NIKE Profile (Get Rating)
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team, and league logos, as well as sells sports apparel.
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