Atria Wealth Solutions Inc. Has $5.93 Million Holdings in NIKE, Inc. (NYSE:NKE)

Atria Wealth Solutions Inc. boosted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 10.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,511 shares of the footwear maker’s stock after acquiring an additional 5,351 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in NIKE were worth $5,934,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NKE. Oliver Luxxe Assets LLC lifted its holdings in shares of NIKE by 2.9% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 37,510 shares of the footwear maker’s stock valued at $3,587,000 after buying an additional 1,041 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of NIKE during the 4th quarter valued at about $8,034,000. Financial Gravity Asset Management Inc. lifted its holdings in shares of NIKE by 2,332.5% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 184,042 shares of the footwear maker’s stock valued at $17,598,000 after buying an additional 176,476 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of NIKE by 10,184.3% during the 4th quarter. International Assets Investment Management LLC now owns 388,131 shares of the footwear maker’s stock valued at $42,139,000 after buying an additional 384,357 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC lifted its holdings in shares of NIKE by 55.6% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 194,164 shares of the footwear maker’s stock valued at $21,080,000 after buying an additional 69,363 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Williams Trading reissued a “sell” rating and issued a $85.00 price objective (down from $92.00) on shares of NIKE in a research note on Monday, March 18th. Morgan Stanley dropped their price target on NIKE from $124.00 to $116.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 27th. Truist Financial reaffirmed a “hold” rating and issued a $111.00 price target on shares of NIKE in a research report on Tuesday, March 19th. Piper Sandler dropped their price target on NIKE from $107.00 to $98.00 and set a “neutral” rating on the stock in a research report on Friday, March 22nd. Finally, Telsey Advisory Group lowered their price objective on NIKE from $140.00 to $120.00 and set an “outperform” rating on the stock in a research report on Monday, March 18th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NIKE presently has a consensus rating of “Moderate Buy” and an average price target of $116.26.

NIKE Trading Up 1.2 %

Shares of NKE traded up $1.15 during trading hours on Friday, hitting $95.09. 869,818 shares of the stock traded hands, compared to its average volume of 9,362,333. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. NIKE, Inc. has a 1-year low of $88.66 and a 1-year high of $128.68. The firm has a market capitalization of $143.53 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 1.83 and a beta of 1.08. The business has a fifty day moving average of $97.15 and a 200-day moving average of $103.32.

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. The business had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. Analysts expect that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were issued a $0.37 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.48 annualized dividend and a dividend yield of 1.56%. NIKE’s dividend payout ratio (DPR) is currently 43.53%.

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.