NIKE, Inc. (NYSE:NKE) Shares Acquired by Private Wealth Partners LLC

Private Wealth Partners LLC increased its position in NIKE, Inc. (NYSE:NKE) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,963 shares of the footwear maker’s stock after acquiring an additional 123 shares during the period. Private Wealth Partners LLC’s holdings in NIKE were worth $647,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of NKE. Excalibur Management Corp boosted its position in shares of NIKE by 1.9% during the 3rd quarter. Excalibur Management Corp now owns 5,148 shares of the footwear maker’s stock valued at $492,000 after purchasing an additional 98 shares in the last quarter. Baxter Bros Inc. boosted its holdings in shares of NIKE by 2.0% in the third quarter. Baxter Bros Inc. now owns 5,045 shares of the footwear maker’s stock worth $482,000 after buying an additional 100 shares during the period. First Pacific Financial boosted its holdings in shares of NIKE by 1.3% in the third quarter. First Pacific Financial now owns 8,098 shares of the footwear maker’s stock worth $774,000 after buying an additional 100 shares during the period. Jeppson Wealth Management LLC boosted its holdings in shares of NIKE by 4.5% in the third quarter. Jeppson Wealth Management LLC now owns 2,315 shares of the footwear maker’s stock worth $221,000 after buying an additional 100 shares during the period. Finally, Cairn Investment Group Inc. boosted its holdings in shares of NIKE by 4.2% in the third quarter. Cairn Investment Group Inc. now owns 2,500 shares of the footwear maker’s stock worth $239,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on NKE shares. Jefferies Financial Group decreased their target price on shares of NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a report on Friday, March 22nd. Piper Sandler decreased their target price on shares of NIKE from $107.00 to $98.00 and set a “neutral” rating for the company in a report on Friday, March 22nd. Citigroup decreased their target price on shares of NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, March 14th. The Goldman Sachs Group decreased their target price on shares of NIKE from $135.00 to $120.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Finally, HSBC reduced their price target on shares of NIKE from $120.00 to $115.00 and set a “hold” rating for the company in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, NIKE has an average rating of “Moderate Buy” and a consensus price target of $116.26.

NIKE Stock Performance

NKE stock traded up $0.18 during midday trading on Friday, hitting $94.12. 6,115,744 shares of the company traded hands, compared to its average volume of 9,124,711. NIKE, Inc. has a twelve month low of $88.66 and a twelve month high of $128.68. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. The business has a 50 day simple moving average of $96.96 and a 200-day simple moving average of $103.34. The stock has a market capitalization of $142.06 billion, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 1.82 and a beta of 1.08.

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

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.48 annualized dividend and a yield of 1.57%. NIKE’s dividend payout ratio (DPR) is presently 43.53%.

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.