Gould Asset Management LLC CA Acquires 740 Shares of NIKE, Inc. (NYSE:NKE)

Gould Asset Management LLC CA boosted its holdings in NIKE, Inc. (NYSE:NKE) by 32.0% during the fourth quarter, Holdings Channel reports. The fund owned 3,056 shares of the footwear maker’s stock after purchasing an additional 740 shares during the period. Gould Asset Management LLC CA’s holdings in NIKE were worth $332,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Impact Partnership Wealth LLC raised its stake in NIKE by 220.7% in the 3rd quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock valued at $25,000 after acquiring an additional 181 shares during the period. Iron Horse Wealth Management LLC increased its position in NIKE by 120.7% during the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after buying an additional 140 shares during the period. Planned Solutions Inc. bought a new position in NIKE during the 4th quarter worth $29,000. Raleigh Capital Management Inc. increased its position in NIKE by 134.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock worth $36,000 after buying an additional 216 shares during the period. Finally, Stephens Consulting LLC increased its position in NIKE by 160.0% during the 3rd quarter. Stephens Consulting LLC now owns 390 shares of the footwear maker’s stock worth $37,000 after buying an additional 240 shares during the period. Institutional investors own 64.25% of the company’s stock.

NIKE Trading Up 0.2 %

NIKE stock traded up $0.17 during trading hours on Friday, hitting $94.11. The stock had a trading volume of 6,115,249 shares, compared to its average volume of 9,429,240. 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 stock has a market cap of $142.05 billion, a price-to-earnings ratio of 27.86, a P/E/G ratio of 1.83 and a beta of 1.08. NIKE, Inc. has a one year low of $88.66 and a one year high of $128.68. The business’s 50 day simple moving average is $97.15 and its 200-day simple moving average is $103.32.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating the consensus estimate of $0.69 by $0.29. The firm had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. On average, equities analysts predict that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders 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 presently 43.53%.

Analyst Upgrades and Downgrades

NKE has been the topic of several recent research reports. Barclays lowered their price objective on NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a research report on Monday, March 25th. Jefferies Financial Group lowered their price objective on NIKE from $110.00 to $100.00 and set a “hold” 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 price objective (down previously from $110.00) on shares of NIKE in a research report on Friday, March 22nd. Stifel Nicolaus reduced their target price on NIKE from $129.00 to $117.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Finally, HSBC reduced their target price on NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.