NIKE, Inc. (NYSE:NKE) Shares Acquired by Gould Asset Management LLC CA

Gould Asset Management LLC CA increased its position in NIKE, Inc. (NYSE:NKE) by 32.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,056 shares of the footwear maker’s stock after acquiring an additional 740 shares during the period. Gould Asset Management LLC CA’s holdings in NIKE were worth $332,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NKE. Impact Partnership Wealth LLC increased 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 buying an additional 181 shares during the period. Strategic Blueprint LLC increased its stake in NIKE by 5.3% during the 3rd quarter. Strategic Blueprint LLC now owns 8,593 shares of the footwear maker’s stock valued at $822,000 after buying an additional 431 shares during the period. UMB Bank n.a. increased its stake in NIKE by 16.5% during the 3rd quarter. UMB Bank n.a. now owns 57,004 shares of the footwear maker’s stock valued at $5,451,000 after buying an additional 8,059 shares during the period. Iyo Bank Ltd. acquired a new position in NIKE during the 3rd quarter valued at about $2,914,000. Finally, WestEnd Advisors LLC acquired a new position in NIKE during the 3rd quarter valued at about $28,370,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NKE shares. Truist Financial restated a “hold” rating and set a $111.00 price objective on shares of NIKE in a research report on Tuesday, March 19th. Robert W. Baird reduced their price objective on shares of NIKE from $140.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. HSBC reduced their price objective on shares of NIKE from $120.00 to $115.00 and set a “hold” rating for the company in a research report on Monday, January 22nd. Williams Trading restated a “sell” rating and set a $85.00 price objective (down previously from $92.00) on shares of NIKE in a research report on Monday, March 18th. Finally, TheStreet lowered shares of NIKE from a “b” rating to a “c+” rating in a research report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.26.

NIKE Stock Up 0.2 %

NKE traded up $0.17 during midday trading on Friday, hitting $94.11. 6,115,249 shares of the company’s stock traded hands, compared to its average volume of 9,429,240. The company has a market cap of $142.05 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 1.83 and a beta of 1.08. The stock’s fifty day simple moving average is $97.15 and its 200-day simple moving average is $103.32. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. NIKE, Inc. has a one year low of $88.66 and a one year high of $128.68.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.29. The firm had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. As a group, equities analysts anticipate that NIKE, Inc. will post 3.73 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.57%. The ex-dividend date was Friday, March 1st. NIKE’s payout ratio is presently 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.