Syon Capital LLC Has $634,000 Stock Position in NIKE, Inc. (NYSE:NKE)

Syon Capital LLC boosted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 28.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,841 shares of the footwear maker’s stock after buying an additional 1,283 shares during the period. Syon Capital LLC’s holdings in NIKE were worth $634,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Pittenger & Anderson Inc. raised its position in NIKE by 3.9% during the fourth quarter. Pittenger & Anderson Inc. now owns 87,206 shares of the footwear maker’s stock valued at $9,468,000 after buying an additional 3,297 shares during the period. Lyell Wealth Management LP increased its position in NIKE by 1.2% in the 4th quarter. Lyell Wealth Management LP now owns 87,588 shares of the footwear maker’s stock worth $9,509,000 after purchasing an additional 1,000 shares during the last quarter. Bailard Inc. increased its position in NIKE by 1,216.4% in the 4th quarter. Bailard Inc. now owns 66,519 shares of the footwear maker’s stock worth $7,222,000 after purchasing an additional 61,466 shares during the last quarter. Atria Wealth Solutions Inc. increased its position in NIKE by 10.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 54,511 shares of the footwear maker’s stock worth $5,934,000 after purchasing an additional 5,351 shares during the last quarter. Finally, Capital Advisors Ltd. LLC increased its position in NIKE by 7.2% in the 4th quarter. Capital Advisors Ltd. LLC now owns 2,783 shares of the footwear maker’s stock worth $302,000 after purchasing an additional 188 shares during the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Trading Up 0.2 %

NKE traded up $0.18 during mid-day trading on Friday, reaching $94.12. The stock had a trading volume of 6,077,460 shares, compared to its average volume of 9,428,838. The stock has a market capitalization of $142.06 billion, a P/E ratio of 27.86, a P/E/G ratio of 1.83 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. The firm’s fifty day simple moving average is $97.15 and its two-hundred day simple moving average is $103.32. NIKE, Inc. has a 52 week low of $88.66 and a 52 week high of $128.68.

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, topping the consensus estimate of $0.69 by $0.29. The business had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. On average, equities analysts predict that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Dividend Announcement

The firm also recently announced 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 is presently 43.53%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Truist Financial reiterated a “hold” rating and set a $111.00 price target on shares of NIKE in a research note on Tuesday, March 19th. HSBC decreased their price target on NIKE from $120.00 to $115.00 and set a “hold” rating for the company in a research note on Monday, January 22nd. Williams Trading reiterated a “sell” rating and set a $85.00 price target (down previously from $92.00) on shares of NIKE in a research note on Monday, March 18th. Royal Bank of Canada reiterated a “sector perform” rating and set a $100.00 price target (down previously from $110.00) on shares of NIKE in a research note on Friday, March 22nd. Finally, Telsey Advisory Group decreased their target price on NIKE from $140.00 to $120.00 and set an “outperform” rating for the company in a research note on Monday, March 18th. 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 company’s stock. According to data from MarketBeat.com, NIKE currently has an average rating of “Moderate Buy” and a consensus 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.