Addison Advisors LLC Purchases 341 Shares of NIKE, Inc. (NYSE:NKE)

Addison Advisors LLC increased its position in NIKE, Inc. (NYSE:NKE) by 15.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,565 shares of the footwear maker’s stock after buying an additional 341 shares during the period. Addison Advisors LLC’s holdings in NIKE were worth $278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Impact Partnership Wealth LLC grew its position in NIKE by 220.7% in the 3rd quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock worth $25,000 after purchasing an additional 181 shares during the last quarter. Grimes & Company Inc. grew its position in NIKE by 15.5% in the 3rd quarter. Grimes & Company Inc. now owns 85,010 shares of the footwear maker’s stock worth $8,129,000 after purchasing an additional 11,408 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its position in NIKE by 12.4% in the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,330 shares of the footwear maker’s stock worth $1,179,000 after purchasing an additional 1,359 shares during the last quarter. Solidarity Wealth LLC grew its position in NIKE by 25.3% in the 3rd quarter. Solidarity Wealth LLC now owns 40,578 shares of the footwear maker’s stock worth $3,893,000 after purchasing an additional 8,201 shares during the last quarter. Finally, Slow Capital Inc. grew its position in NIKE by 10.3% in the 3rd quarter. Slow Capital Inc. now owns 23,049 shares of the footwear maker’s stock worth $2,206,000 after purchasing an additional 2,148 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

Shares of NYSE NKE traded up $0.18 during trading on Friday, reaching $94.12. The company had a trading volume of 6,115,744 shares, compared to its average volume of 9,124,711. NIKE, Inc. has a 52 week low of $88.66 and a 52 week high of $128.68. The stock has a market cap of $142.06 billion, a PE ratio of 27.68, a PEG ratio of 1.81 and a beta of 1.08. 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 business’s 50 day moving average price is $96.96 and its 200-day moving average price is $103.30.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, topping 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 net margin of 10.14% and a return on equity of 39.41%. Analysts expect that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Friday, March 1st. NIKE’s dividend payout ratio (DPR) is 43.53%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Bank of America upgraded shares of NIKE from a “neutral” rating to a “buy” rating and raised their price target for the stock from $110.00 to $113.00 in a research report on Thursday, April 11th. Telsey Advisory Group decreased their target price on shares of NIKE from $140.00 to $120.00 and set an “outperform” rating on the stock in a research report on Monday, March 18th. Piper Sandler decreased their target price on shares of NIKE from $107.00 to $98.00 and set a “neutral” rating on the stock in a research report on Friday, March 22nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $100.00 target price (down from $110.00) on shares of NIKE in a research report on Friday, March 22nd. Finally, Sanford C. Bernstein decreased their target price on shares of NIKE from $134.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Two equities 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.