12,701 Shares in NIKE, Inc. (NYSE:NKE) Bought by Allen Capital Group LLC

Allen Capital Group LLC bought a new position in NIKE, Inc. (NYSE:NKE) in the 4th quarter, HoldingsChannel.com reports. The firm bought 12,701 shares of the footwear maker’s stock, valued at approximately $1,379,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NKE. Vestcor Inc raised its holdings in shares of NIKE by 0.3% during the 4th quarter. Vestcor Inc now owns 29,977 shares of the footwear maker’s stock worth $3,508,000 after buying an additional 81 shares in the last quarter. Excalibur Management Corp raised its holdings in shares of NIKE by 1.9% during the 3rd quarter. Excalibur Management Corp now owns 5,148 shares of the footwear maker’s stock worth $492,000 after buying an additional 98 shares in the last quarter. M Holdings Securities Inc. increased its holdings in NIKE by 2.7% in the 1st quarter. M Holdings Securities Inc. now owns 3,775 shares of the footwear maker’s stock worth $463,000 after purchasing an additional 100 shares in the last quarter. Bond & Devick Financial Network Inc. increased its holdings in NIKE by 1.3% in the 3rd quarter. Bond & Devick Financial Network Inc. now owns 7,540 shares of the footwear maker’s stock worth $721,000 after purchasing an additional 100 shares in the last quarter. Finally, Baxter Bros Inc. increased its holdings in NIKE by 2.0% in the 3rd quarter. Baxter Bros Inc. now owns 5,045 shares of the footwear maker’s stock worth $482,000 after purchasing an additional 100 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

NIKE Price Performance

NYSE:NKE traded up $0.28 during trading hours on Tuesday, hitting $93.38. 10,384,899 shares of the company’s stock traded hands, compared to its average volume of 9,577,090. The firm has a market cap of $140.94 billion, a P/E ratio of 27.34, a P/E/G ratio of 1.79 and a beta of 1.09. NIKE, Inc. has a 52 week low of $88.66 and a 52 week high of $128.68. The business’s fifty day simple moving average is $98.83 and its two-hundred day simple moving average is $103.49. 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 (NYSE:NKE) last posted its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The firm had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.28 billion. On average, research analysts anticipate that NIKE, Inc. will post 3.7 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Friday, March 1st. NIKE’s dividend payout ratio (DPR) is presently 43.53%.

Analyst Ratings Changes

A number of equities analysts have issued reports on NKE shares. HSBC lowered their target price on NIKE from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, January 22nd. Williams Trading reaffirmed a “sell” rating and issued a $85.00 target price (down previously from $92.00) on shares of NIKE in a report on Monday, March 18th. Piper Sandler lowered their target price on NIKE from $107.00 to $98.00 and set a “neutral” rating for the company in a report on Friday, March 22nd. Citigroup lowered their target price on NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, March 14th. Finally, TD Cowen reissued a “market perform” rating and issued a $104.00 price target (down previously from $129.00) on shares of NIKE in a research note on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have given a buy rating to the company. According to MarketBeat, NIKE has an average rating of “Moderate Buy” and a consensus target price 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.