NIKE, Inc. (NYSE:NKE) Shares Acquired by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT raised its holdings in shares of NIKE, Inc. (NYSE:NKE) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,724 shares of the footwear maker’s stock after acquiring an additional 222 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in NIKE were worth $2,033,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. FMR LLC lifted its stake in shares of NIKE by 0.7% in the 3rd quarter. FMR LLC now owns 18,502,409 shares of the footwear maker’s stock valued at $1,769,200,000 after purchasing an additional 125,746 shares during the period. Northern Trust Corp lifted its stake in shares of NIKE by 4.5% in the 3rd quarter. Northern Trust Corp now owns 15,557,676 shares of the footwear maker’s stock valued at $1,487,625,000 after purchasing an additional 674,198 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of NIKE by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,200,932 shares of the footwear maker’s stock valued at $766,829,000 after purchasing an additional 89,947 shares during the period. Newport Trust Company LLC acquired a new position in shares of NIKE in the 3rd quarter valued at $679,775,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of NIKE by 37.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,791,531 shares of the footwear maker’s stock valued at $553,786,000 after purchasing an additional 1,583,541 shares during the period. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on NKE shares. HSBC cut their price target on shares of NIKE from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, January 22nd. Robert W. Baird cut 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. Oppenheimer lowered shares of NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 price target for the company. in a report on Friday, February 16th. Evercore ISI cut their price target on shares of NIKE from $127.00 to $117.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Finally, UBS Group cut their price target on shares of NIKE from $138.00 to $125.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $116.26.

NIKE Stock Up 0.2 %

Shares of NIKE stock traded up $0.18 during trading hours on Friday, reaching $94.12. 6,115,744 shares of the company were exchanged, compared to its average volume of 9,124,711. NIKE, Inc. has a 1 year low of $88.66 and a 1 year high of $128.68. The stock’s fifty day moving average is $96.96 and its 200 day moving average is $103.30. 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 has a market cap of $142.06 billion, a PE ratio of 27.68, a PEG ratio of 1.81 and a beta of 1.08.

NIKE (NYSE:NKE) last posted its quarterly earnings data 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. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The business had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. As a group, equities research analysts forecast that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Dividend Announcement

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

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.