Bank OZK Acquires 370 Shares of NIKE, Inc. (NYSE:NKE)

Bank OZK boosted its holdings in NIKE, Inc. (NYSE:NKE) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,833 shares of the footwear maker’s stock after acquiring an additional 370 shares during the quarter. Bank OZK’s holdings in NIKE were worth $1,502,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NKE. Newport Trust Company LLC bought a new position in NIKE in the 3rd quarter valued at approximately $679,775,000. Flossbach Von Storch AG lifted its holdings in shares of NIKE by 433.5% during the 3rd quarter. Flossbach Von Storch AG now owns 4,128,587 shares of the footwear maker’s stock valued at $394,775,000 after buying an additional 3,354,677 shares during the period. Van ECK Associates Corp lifted its holdings in shares of NIKE by 117.0% during the 3rd quarter. Van ECK Associates Corp now owns 2,986,441 shares of the footwear maker’s stock valued at $285,564,000 after buying an additional 1,610,273 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of NIKE by 37.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,791,531 shares of the footwear maker’s stock valued at $553,786,000 after buying an additional 1,583,541 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of NIKE during the 3rd quarter valued at $97,724,000. 64.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NKE has been the topic of several research analyst reports. Wedbush reissued an “outperform” rating and set a $115.00 price target on shares of NIKE in a report on Wednesday, March 27th. Evercore ISI lowered their price target on NIKE from $127.00 to $117.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Oppenheimer lowered NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 price objective for the company. in a research note on Friday, February 16th. Piper Sandler reduced their price objective on NIKE from $107.00 to $98.00 and set a “neutral” rating for the company in a research note on Friday, March 22nd. Finally, Citigroup reduced their price objective on NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. Two equities 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. According to MarketBeat, NIKE presently has an average rating of “Moderate Buy” and an average target price of $116.26.

NIKE Trading Up 0.2 %

NKE traded up $0.18 on Friday, hitting $94.12. The company had a trading volume of 6,115,744 shares, compared to its average volume of 9,124,711. The company 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. NIKE, Inc. has a 12-month low of $88.66 and a 12-month high of $128.68. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. The business’s fifty day simple moving average is $96.96 and its 200 day simple moving average is $103.30.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.69 by $0.29. The company had revenue of $12.43 billion during 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%. Equities research analysts expect that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Announces Dividend

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