Mogy Joel R Investment Counsel Inc. Has $13.65 Million Position in NIKE, Inc. (NYSE:NKE)

Mogy Joel R Investment Counsel Inc. lowered its holdings in NIKE, Inc. (NYSE:NKE) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 125,704 shares of the footwear maker’s stock after selling 1,130 shares during the quarter. NIKE accounts for about 1.0% of Mogy Joel R Investment Counsel Inc.’s holdings, making the stock its 28th biggest position. Mogy Joel R Investment Counsel Inc.’s holdings in NIKE were worth $13,648,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of NKE. Impact Partnership Wealth LLC grew its position in NIKE by 220.7% in the 3rd 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 boosted its holdings 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 acquiring an additional 140 shares during the last quarter. Planned Solutions Inc. purchased a new position in NIKE during the 4th quarter worth $29,000. Raleigh Capital Management Inc. boosted its holdings 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 acquiring an additional 216 shares during the last quarter. Finally, Stephens Consulting LLC boosted its holdings in NIKE by 160.0% during the 3rd quarter. Stephens Consulting LLC now owns 390 shares of the footwear maker’s stock worth $37,000 after acquiring an additional 240 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Price Performance

Shares of NKE traded up $0.18 during midday trading on Friday, hitting $94.12. 6,115,744 shares of the company traded hands, compared to its average volume of 9,124,711. The stock has a 50-day moving average of $96.96 and a 200-day moving average of $103.30. NIKE, Inc. has a one year low of $88.66 and a one year high of $128.68. The firm has a market cap of $142.06 billion, a P/E ratio of 27.68, a PEG ratio of 1.81 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.69 by $0.29. The company 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, sell-side analysts predict that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders 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 annualized dividend and a yield of 1.57%. NIKE’s payout ratio is currently 43.53%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Sanford C. Bernstein cut their price objective on shares of NIKE from $134.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. TheStreet cut NIKE from a “b” rating to a “c+” rating in a research note on Tuesday, January 9th. HSBC lowered their target price on NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a research note on Monday, January 22nd. Barclays lowered their target price on NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a research note on Monday, March 25th. Finally, Piper Sandler lowered their target price on NIKE from $107.00 to $98.00 and set a “neutral” rating on the stock 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 given a buy rating to the company. Based on data from MarketBeat, NIKE has an average 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.