NIKE, Inc. (NYSE:NKE) Stake Reduced by Bison Wealth LLC

Bison Wealth LLC reduced its stake in shares of NIKE, Inc. (NYSE:NKE) by 9.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,403 shares of the footwear maker’s stock after selling 893 shares during the quarter. Bison Wealth LLC’s holdings in NIKE were worth $912,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. BCK Partners Inc. bought a new position in shares of NIKE in the first quarter worth $2,839,000. Loomis Sayles & Co. L P lifted its holdings in shares of NIKE by 138.2% in the first quarter. Loomis Sayles & Co. L P now owns 11,233 shares of the footwear maker’s stock valued at $1,511,000 after buying an additional 6,518 shares during the period. Merit Financial Group LLC lifted its holdings in shares of NIKE by 13.3% in the first quarter. Merit Financial Group LLC now owns 1,588 shares of the footwear maker’s stock valued at $214,000 after buying an additional 186 shares during the period. Bridgewater Associates LP acquired a new stake in shares of NIKE in the first quarter valued at $278,000. Finally, Federated Hermes Inc. lifted its holdings in shares of NIKE by 9.8% in the first quarter. Federated Hermes Inc. now owns 433,950 shares of the footwear maker’s stock valued at $58,392,000 after buying an additional 38,903 shares during the period. 64.25% of the stock is currently owned by institutional investors.

NIKE Stock Performance

Shares of NYSE NKE opened at $93.11 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. The firm has a market cap of $140.54 billion, a price-to-earnings ratio of 27.39, a P/E/G ratio of 1.79 and a beta of 1.09. The business’s 50-day simple moving average is $98.83 and its 200-day simple moving average is $103.49. NIKE, Inc. has a 52 week low of $88.66 and a 52 week high of $128.68.

NIKE (NYSE:NKE) last issued 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. The business had revenue of $12.43 billion for 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, equities research analysts expect that NIKE, Inc. will post 3.7 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Friday, March 1st. NIKE’s dividend payout ratio is 43.53%.

Analyst Ratings Changes

NKE has been the subject of several research analyst reports. TheStreet lowered NIKE from a “b” rating to a “c+” rating in a report on Tuesday, January 9th. Jefferies Financial Group cut their price objective on NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a report on Friday, March 22nd. UBS Group cut their price objective on NIKE from $138.00 to $125.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Robert W. Baird reduced their target price on NIKE from $140.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Finally, Bank of America raised NIKE from a “neutral” rating to a “buy” rating and upped their target price for the company from $110.00 to $113.00 in a report on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently 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.