Vestmark Advisory Solutions Inc. Grows Holdings in NIKE, Inc. (NYSE:NKE)

Vestmark Advisory Solutions Inc. increased its position in shares of NIKE, Inc. (NYSE:NKE) by 7.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,433 shares of the footwear maker’s stock after buying an additional 952 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in NIKE were worth $1,458,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Iron Horse Wealth Management LLC increased its stake in NIKE by 120.7% during the 4th 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. purchased a new stake in NIKE during the 4th quarter worth $29,000. Raleigh Capital Management Inc. increased its stake in NIKE by 134.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock worth $36,000 after buying an additional 216 shares during the period. OFI Invest Asset Management purchased a new stake in NIKE during the 3rd quarter worth $37,000. Finally, Mizuho Securities Co. Ltd. increased its position in shares of NIKE by 100.0% in the 4th quarter. Mizuho Securities Co. Ltd. now owns 340 shares of the footwear maker’s stock worth $37,000 after purchasing an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Trading Up 0.8 %

Shares of NKE stock traded up $0.74 during trading hours on Monday, reaching $92.89. 703,306 shares of the stock traded hands, compared to its average volume of 9,181,373. The firm has a market capitalization of $140.20 billion, a PE ratio of 27.10, a PEG ratio of 1.78 and a beta of 1.07. 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 fifty day moving average price of $95.73 and a 200 day moving average price of $103.04. NIKE, Inc. has a 1-year low of $88.66 and a 1-year high of $127.69.

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

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.59%. The ex-dividend date is Monday, June 3rd. NIKE’s dividend payout ratio is 43.53%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NKE shares. HSBC dropped 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. Robert W. Baird decreased their price target on shares of NIKE from $140.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Evercore ISI reduced their target price on shares of NIKE from $127.00 to $117.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. Telsey Advisory Group reduced their target price on shares of NIKE from $140.00 to $120.00 and set an “outperform” rating for the company in a research note on Monday, March 18th. Finally, Piper Sandler reduced their target price on shares of NIKE from $107.00 to $98.00 and set a “neutral” rating for the company 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 issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.