NIKE, Inc. (NYSE:NKE) Shares Bought by Clearstead Trust LLC

Clearstead Trust LLC lifted its position in shares of NIKE, Inc. (NYSE:NKE) by 612.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,469 shares of the footwear maker’s stock after purchasing an additional 3,842 shares during the quarter. Clearstead Trust LLC’s holdings in NIKE were worth $485,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Iron Horse Wealth Management LLC raised its position in shares of NIKE by 120.7% in the fourth 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 period. Planned Solutions Inc. acquired a new position in NIKE in the 4th quarter worth about $29,000. Raleigh Capital Management Inc. boosted its position in NIKE by 134.2% during the third quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock worth $36,000 after purchasing an additional 216 shares in the last quarter. Stephens Consulting LLC grew its holdings in NIKE by 160.0% in the third quarter. Stephens Consulting LLC now owns 390 shares of the footwear maker’s stock valued at $37,000 after purchasing an additional 240 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in NIKE in the third quarter valued at approximately $37,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Stock Down 0.3 %

NYSE:NKE traded down $0.26 during trading hours on Friday, hitting $92.15. The company’s stock had a trading volume of 5,736,711 shares, compared to its average volume of 8,740,078. NIKE, Inc. has a 52-week low of $88.66 and a 52-week high of $127.69. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $139.09 billion, a P/E ratio of 27.10, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07. The stock has a fifty day moving average of $95.73 and a 200-day moving average of $103.05.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating 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 the consensus estimate of $12.28 billion. On average, equities analysts forecast that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.61%. NIKE’s payout ratio is currently 43.53%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NKE shares. UBS Group decreased their target price on NIKE from $138.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Wells Fargo & Company dropped their target price on shares of NIKE from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Wedbush reissued an “outperform” rating and set a $115.00 target price on shares of NIKE in a research note on Tuesday. Oppenheimer lowered shares of NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 price target on the stock. in a research note on Friday, February 16th. Finally, Citigroup cut their price objective on NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.