NIKE, Inc. (NYSE:NKE) Shares Purchased by Addison Advisors LLC

Addison Advisors LLC boosted its position in NIKE, Inc. (NYSE:NKE) by 15.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,565 shares of the footwear maker’s stock after purchasing an additional 341 shares during the period. Addison Advisors LLC’s holdings in NIKE were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in NKE. Impact Partnership Wealth LLC lifted its position in NIKE by 220.7% in the third quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock valued at $25,000 after purchasing an additional 181 shares during the period. Iron Horse Wealth Management LLC lifted its position in shares of NIKE by 120.7% during the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 140 shares during the period. Planned Solutions Inc. acquired a new stake in shares of NIKE during the 4th quarter valued at approximately $29,000. Raleigh Capital Management Inc. lifted its position in shares of NIKE by 134.2% during 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 during the period. Finally, Stephens Consulting LLC lifted its position in shares of NIKE by 160.0% during the 3rd quarter. Stephens Consulting LLC now owns 390 shares of the footwear maker’s stock valued at $37,000 after acquiring an additional 240 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Trading Up 0.2 %

Shares of NYSE NKE traded up $0.18 during trading on Friday, hitting $94.12. 6,115,744 shares of the company traded hands, 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 company has a 50-day moving average price of $96.96 and a 200-day moving average price of $103.30. The firm has a market capitalization of $142.06 billion, a P/E ratio of 27.68, a P/E/G ratio of 1.81 and a beta of 1.08. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63.

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 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 net margin of 10.14% and a return on equity of 39.41%. 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. Investors of record on Monday, March 4th were issued a dividend of $0.37 per share. The ex-dividend date was Friday, March 1st. This represents a $1.48 annualized dividend and a dividend yield of 1.57%. NIKE’s payout ratio is 43.53%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Evercore ISI reduced their price target on shares of NIKE from $127.00 to $117.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Oppenheimer downgraded shares of NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 price target for the company. in a research report on Friday, February 16th. Piper Sandler dropped their price objective 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. Wedbush reissued an “outperform” rating and set a $115.00 price objective on shares of NIKE in a research note on Wednesday, March 27th. Finally, The Goldman Sachs Group dropped their price objective on shares of NIKE from $135.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.