AJOVista LLC Invests $184,000 in NIKE, Inc. (NYSE:NKE)

AJOVista LLC bought a new stake in shares of NIKE, Inc. (NYSE:NKE) in the 4th quarter, HoldingsChannel.com reports. The firm bought 1,697 shares of the footwear maker’s stock, valued at approximately $184,000.

Other institutional investors have also recently bought and sold shares of the company. Newport Trust Company LLC purchased a new position in shares of NIKE in the third quarter worth approximately $679,775,000. Flossbach Von Storch AG lifted its holdings in shares of NIKE by 433.5% in the third quarter. Flossbach Von Storch AG now owns 4,128,587 shares of the footwear maker’s stock valued at $394,775,000 after purchasing an additional 3,354,677 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of NIKE by 117.0% in the third quarter. Van ECK Associates Corp now owns 2,986,441 shares of the footwear maker’s stock valued at $285,564,000 after purchasing an additional 1,610,273 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of NIKE by 37.6% in 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 buying an additional 1,583,541 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in NIKE in the 3rd quarter worth about $97,724,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Stock Performance

Shares of NKE traded down $0.26 on Friday, reaching $92.15. 5,736,711 shares of the stock traded hands, compared to its average volume of 8,740,078. The firm has a market cap of $139.09 billion, a price-to-earnings ratio of 27.10, a P/E/G ratio of 1.78 and a beta of 1.07. NIKE, Inc. has a 12 month low of $88.66 and a 12 month high of $127.69. The stock’s 50-day moving average price is $95.73 and its 200-day moving average price is $103.05. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89.

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

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be given a dividend of $0.37 per share. The ex-dividend date is Monday, June 3rd. This represents a $1.48 annualized dividend and a dividend yield of 1.61%. NIKE’s dividend payout ratio (DPR) is presently 43.53%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NKE shares. Truist Financial reiterated a “hold” rating and issued a $111.00 target price on shares of NIKE in a report on Tuesday, March 19th. HSBC cut their target price 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. Citigroup lowered their price target on shares of NIKE from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, March 14th. Stifel Nicolaus cut their price objective on NIKE from $129.00 to $117.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Finally, Robert W. Baird lowered their target price on NIKE from $140.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $116.26.

About NIKE

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.