Ballentine Partners LLC Raises Position in NIKE, Inc. (NYSE:NKE)

Ballentine Partners LLC lifted its stake in shares of NIKE, Inc. (NYSE:NKEFree Report) by 26.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,204 shares of the footwear maker’s stock after purchasing an additional 6,574 shares during the period. Ballentine Partners LLC’s holdings in NIKE were worth $3,388,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Oliver Luxxe Assets LLC boosted its holdings in NIKE by 2.9% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 37,510 shares of the footwear maker’s stock worth $3,587,000 after buying an additional 1,041 shares during the period. Financial Gravity Asset Management Inc. boosted its holdings in NIKE by 2,332.5% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 184,042 shares of the footwear maker’s stock worth $17,598,000 after buying an additional 176,476 shares during the period. Daymark Wealth Partners LLC boosted its holdings in NIKE by 883.4% in the 3rd quarter. Daymark Wealth Partners LLC now owns 109,538 shares of the footwear maker’s stock worth $10,474,000 after buying an additional 98,399 shares during the period. Peoples Financial Services CORP. boosted its holdings in NIKE by 6.2% in the 3rd quarter. Peoples Financial Services CORP. now owns 13,039 shares of the footwear maker’s stock worth $1,247,000 after buying an additional 760 shares during the period. Finally, Franklin Street Advisors Inc. NC boosted its holdings in NIKE by 55.6% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 194,164 shares of the footwear maker’s stock worth $21,080,000 after buying an additional 69,363 shares during the period. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Wall Street Analysts Forecast Growth

NKE has been the subject of several analyst reports. Truist Financial reaffirmed a “hold” rating and issued a $111.00 price objective on shares of NIKE in a report on Tuesday, March 19th. Williams Trading reaffirmed a “sell” rating and issued a $85.00 price objective (down from $92.00) on shares of NIKE in a report on Monday, March 18th. Raymond James raised their price objective on shares of NIKE from $121.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday, December 19th. BMO Capital Markets raised their price target on shares of NIKE from $110.00 to $118.00 and gave the company an “outperform” rating in a report on Friday, December 22nd. Finally, Piper Sandler cut their price target on shares of NIKE from $107.00 to $98.00 and set a “neutral” rating for the company in a report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $116.52.

Check Out Our Latest Analysis on NIKE

NIKE Trading Down 0.7 %

NYSE:NKE traded down $0.62 during trading hours on Wednesday, reaching $90.33. The company’s stock had a trading volume of 8,807,955 shares, compared to its average volume of 9,460,004. The firm has a market capitalization of $137.47 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 1.73 and a beta of 1.08. The firm has a 50-day simple moving average of $100.85 and a 200-day simple moving average of $103.57. NIKE, Inc. has a 1 year low of $88.66 and a 1 year high of $128.68. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74.

NIKE (NYSE:NKEGet Free Report) last issued its earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. The company had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. Research analysts expect that NIKE, Inc. will post 3.71 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Friday, March 1st. NIKE’s payout ratio is presently 43.53%.

NIKE Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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