Gitterman Wealth Management LLC Has $405,000 Holdings in NIKE, Inc. (NYSE:NKE)

Gitterman Wealth Management LLC increased its holdings in shares of NIKE, Inc. (NYSE:NKE) by 13.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,727 shares of the footwear maker’s stock after purchasing an additional 455 shares during the period. Gitterman Wealth Management LLC’s holdings in NIKE were worth $405,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NKE. Newport Trust Company LLC acquired a new position in shares of NIKE during the 3rd quarter worth about $679,775,000. Flossbach Von Storch AG lifted its position in shares of NIKE by 433.5% during the 3rd quarter. Flossbach Von Storch AG now owns 4,128,587 shares of the footwear maker’s stock worth $394,775,000 after purchasing an additional 3,354,677 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of NIKE by 117.0% during the 3rd quarter. Van ECK Associates Corp now owns 2,986,441 shares of the footwear maker’s stock worth $285,564,000 after purchasing an additional 1,610,273 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of NIKE by 37.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,791,531 shares of the footwear maker’s stock worth $553,786,000 after purchasing an additional 1,583,541 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of NIKE during the 3rd quarter worth about $97,724,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Trading Up 0.2 %

NKE stock traded up $0.18 during midday trading on Friday, reaching $94.12. The stock had a trading volume of 6,115,744 shares, compared to its average volume of 9,124,711. The business has a fifty day simple moving average of $96.96 and a two-hundred day simple moving average of $103.34. 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 firm has a market cap of $142.06 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 1.82 and a beta of 1.08. NIKE, Inc. has a twelve month low of $88.66 and a twelve month high of $128.68.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 EPS 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 analyst estimates of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. As a group, research analysts expect that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were given a $0.37 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.48 dividend on an annualized basis and a yield of 1.57%. NIKE’s payout ratio is 43.53%.

Analysts Set New Price Targets

Several equities analysts have commented on NKE shares. The Goldman Sachs Group cut their price target on NIKE from $135.00 to $120.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Morgan Stanley cut their price target on NIKE from $124.00 to $116.00 and set an “overweight” rating for the company in a report on Wednesday, March 27th. Wedbush reaffirmed an “outperform” rating and issued a $115.00 price target on shares of NIKE in a report on Wednesday, March 27th. Truist Financial reaffirmed a “hold” rating and issued a $111.00 price target on shares of NIKE in a report on Tuesday, March 19th. Finally, Oppenheimer cut 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. 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 stock. According to MarketBeat.com, NIKE presently has a consensus rating of “Moderate Buy” and an average price target 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.