NIKE, Inc. (NYSE:NKE) Shares Purchased by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI increased its position in shares of NIKE, Inc. (NYSE:NKE) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,154 shares of the footwear maker’s stock after purchasing an additional 3,052 shares during the period. Citizens Financial Group Inc. RI’s holdings in NIKE were worth $7,617,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. FMR LLC grew its holdings in shares of NIKE by 0.7% during the third quarter. FMR LLC now owns 18,502,409 shares of the footwear maker’s stock worth $1,769,200,000 after purchasing an additional 125,746 shares during the last quarter. Northern Trust Corp grew its holdings in shares of NIKE by 4.5% during the third quarter. Northern Trust Corp now owns 15,557,676 shares of the footwear maker’s stock worth $1,487,625,000 after purchasing an additional 674,198 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of NIKE by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,200,932 shares of the footwear maker’s stock worth $766,829,000 after purchasing an additional 89,947 shares during the last quarter. Newport Trust Company LLC purchased a new position in shares of NIKE during the third quarter worth about $679,775,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of NIKE by 37.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,791,531 shares of the footwear maker’s stock worth $553,786,000 after purchasing an additional 1,583,541 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Price Performance

NKE stock opened at $94.12 on Friday. The firm has a 50 day moving average of $96.96 and a 200-day moving average of $103.34. NIKE, Inc. has a 12-month low of $88.66 and a 12-month high of $128.68. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. The company has a market cap of $142.06 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 1.82 and a beta of 1.08.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.29. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The company had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. As a group, equities analysts expect that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were given 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 1.57%. NIKE’s dividend payout ratio is currently 43.53%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Sanford C. Bernstein dropped their price objective on NIKE from $134.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Royal Bank of Canada reissued a “sector perform” rating and set a $100.00 price target (down previously from $110.00) on shares of NIKE in a report on Friday, March 22nd. Citigroup lowered their price target on NIKE from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, March 14th. Evercore ISI lowered their price target on NIKE from $127.00 to $117.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Finally, The Goldman Sachs Group lowered their price target on NIKE from $135.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $116.26.

NIKE Company 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.