Victory Capital Management Inc. Grows Holdings in NIKE, Inc. (NYSE:NKE)

Victory Capital Management Inc. lifted its stake in NIKE, Inc. (NYSE:NKE) by 0.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 632,942 shares of the footwear maker’s stock after purchasing an additional 549 shares during the quarter. Victory Capital Management Inc.’s holdings in NIKE were worth $68,719,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Iron Horse Wealth Management LLC boosted its position in shares of NIKE by 120.7% during the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after buying an additional 140 shares during the period. Planned Solutions Inc. acquired a new position in NIKE during the 4th quarter worth about $29,000. Mizuho Securities Co. Ltd. lifted its stake in NIKE by 100.0% during the 4th quarter. Mizuho Securities Co. Ltd. now owns 340 shares of the footwear maker’s stock worth $37,000 after acquiring an additional 170 shares in the last quarter. NewSquare Capital LLC boosted its holdings in NIKE by 372.0% during the 4th quarter. NewSquare Capital LLC now owns 354 shares of the footwear maker’s stock valued at $38,000 after acquiring an additional 279 shares during the period. Finally, Raleigh Capital Management Inc. grew its position in NIKE by 134.2% in the 3rd quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock valued at $36,000 after acquiring an additional 216 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Price Performance

NKE stock opened at $92.15 on Friday. 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 capitalization of $139.09 billion, a P/E ratio of 27.10, a PEG ratio of 1.78 and a beta of 1.07. The business has a 50 day simple moving average of $96.00 and a 200-day simple moving average of $103.11. NIKE, Inc. has a twelve month low of $88.66 and a twelve month high of $127.69.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. The firm had revenue of $12.43 billion during 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%. As a group, equities analysts anticipate that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Announces Dividend

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

Wall Street Analyst Weigh In

NKE has been the topic of several research reports. Bank of America raised shares of NIKE from a “neutral” rating to a “buy” rating and increased their price target for the stock from $110.00 to $113.00 in a research report on Thursday, April 11th. Citigroup decreased their price target on shares of NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, March 14th. Jefferies Financial Group dropped their price target on shares of NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, March 22nd. Truist Financial reiterated a “hold” rating and issued a $111.00 price objective on shares of NIKE in a research note on Tuesday, March 19th. Finally, Wedbush reissued an “outperform” rating and set a $115.00 target price on shares of NIKE in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $116.26.

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.