NIKE, Inc. (NYSE:NKE) Shares Acquired by Birch Hill Investment Advisors LLC

Birch Hill Investment Advisors LLC boosted its holdings in NIKE, Inc. (NYSE:NKE) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,851 shares of the footwear maker’s stock after buying an additional 781 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in NIKE were worth $2,155,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Financial Freedom LLC purchased a new position in shares of NIKE in the fourth quarter worth approximately $29,000. Iron Horse Wealth Management LLC grew its position 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 purchasing an additional 140 shares in the last quarter. Impact Partnership Wealth LLC raised its stake in NIKE by 220.7% during 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. Planned Solutions Inc. purchased a new stake in shares of NIKE in the fourth quarter valued at $29,000. Finally, Worth Asset Management LLC acquired a new stake in shares of NIKE in the first quarter worth $32,000. Institutional investors own 64.25% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on NKE. Barclays dropped their price target on NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a research report on Monday, March 25th. Wells Fargo & Company decreased their price target on shares of NIKE from $125.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. HSBC dropped their price objective on shares of NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a research note on Monday, January 22nd. Royal Bank of Canada reissued a “sector perform” rating and set a $100.00 target price (down previously from $110.00) on shares of NIKE in a research note on Friday, March 22nd. Finally, Morgan Stanley lowered their price target on shares of NIKE from $124.00 to $116.00 and set an “overweight” rating on the stock in a report on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $116.26.

NIKE Stock Performance

Shares of NKE traded down $0.10 during trading hours on Friday, reaching $91.90. 5,871,191 shares of the company traded hands, compared to its average volume of 9,462,198. NIKE, Inc. has a 1-year low of $88.66 and a 1-year high of $128.68. The stock has a market cap of $139.86 billion, a P/E ratio of 27.14, a price-to-earnings-growth ratio of 1.67 and a beta of 1.08. The stock’s fifty day moving average is $99.14 and its 200 day moving average is $103.27. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.29. The company had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. Equities research analysts anticipate that NIKE, Inc. will post 3.7 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.61%. The ex-dividend date was Friday, March 1st. NIKE’s dividend payout ratio is 43.53%.

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.