Y.D. More Investments Ltd Has $182,000 Stock Position in NIKE, Inc. (NYSE:NKE)

Y.D. More Investments Ltd cut its stake in shares of NIKE, Inc. (NYSE:NKE) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,672 shares of the footwear maker’s stock after selling 112 shares during the period. Y.D. More Investments Ltd’s holdings in NIKE were worth $182,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NKE. Iron Horse Wealth Management LLC raised its stake in shares of NIKE by 120.7% during the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 140 shares during the last quarter. Planned Solutions Inc. acquired a new stake in NIKE in the fourth quarter worth $29,000. Raleigh Capital Management Inc. grew its holdings in NIKE by 134.2% in 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 during the period. 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 worth $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 worth $37,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Trading Up 0.8 %

NYSE:NKE opened at $91.08 on Thursday. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. NIKE, Inc. has a 52 week low of $88.66 and a 52 week high of $128.38. The firm has a market capitalization of $137.47 billion, a P/E ratio of 26.56, a P/E/G ratio of 1.78 and a beta of 1.07. The company has a fifty day moving average of $96.25 and a 200 day moving average of $103.19.

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. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The business had revenue of $12.43 billion during the quarter, compared to analyst estimates of $12.28 billion. On average, research analysts predict that NIKE, Inc. will post 3.73 earnings per share for the current 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 issued a $0.37 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.48 annualized dividend and a yield of 1.62%. NIKE’s dividend payout ratio (DPR) is presently 43.53%.

Analyst Ratings Changes

A number of equities research analysts have commented on NKE shares. UBS Group reduced their price target on shares of NIKE from $138.00 to $125.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Wells Fargo & Company reduced their price objective 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. Wedbush reissued an “outperform” rating and set a $115.00 price target on shares of NIKE in a research report on Tuesday. HSBC dropped their price target on shares of NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, January 22nd. Finally, Barclays dropped their price target on shares of NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a research report on Monday, March 25th. Two equities research 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. Based on data from MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and a consensus 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.