NIKE, Inc. (NYSE:NKE) Shares Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC grew its stake in shares of NIKE, Inc. (NYSE:NKE) by 4.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,805 shares of the footwear maker’s stock after purchasing an additional 2,998 shares during the period. Motley Fool Asset Management LLC’s holdings in NIKE were worth $6,043,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Loomis Sayles & Co. L P boosted its holdings in shares of NIKE by 1,209,638.7% in the third quarter. Loomis Sayles & Co. L P now owns 6,508,394 shares of the footwear maker’s stock worth $575,342,000 after buying an additional 6,507,856 shares during the period. Holocene Advisors LP acquired a new position in NIKE in the 3rd quarter worth approximately $148,635,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of NIKE during the third quarter valued at $144,927,000. PineStone Asset Management Inc. raised its position in NIKE by 138.3% during the second quarter. PineStone Asset Management Inc. now owns 2,715,689 shares of the footwear maker’s stock valued at $204,681,000 after buying an additional 1,576,049 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in NIKE by 351.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,991,519 shares of the footwear maker’s stock worth $150,101,000 after acquiring an additional 1,550,611 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Price Performance

Shares of NIKE stock opened at $78.86 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58. NIKE, Inc. has a one year low of $70.75 and a one year high of $123.39. The stock has a market capitalization of $118.24 billion, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 1.92 and a beta of 1.02. The business’s 50 day simple moving average is $79.87 and its two-hundred day simple moving average is $81.84.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Tuesday, October 1st. The footwear maker reported $0.70 EPS for the quarter, beating the consensus estimate of $0.52 by $0.18. The business had revenue of $11.59 billion during the quarter, compared to analyst estimates of $11.64 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The company’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 earnings per share. Analysts forecast that NIKE, Inc. will post 2.75 EPS for the current year.

NIKE Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Monday, December 2nd. This is an increase from NIKE’s previous quarterly dividend of $0.37. NIKE’s dividend payout ratio is currently 45.85%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Robert W. Baird upped their target price on NIKE from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, September 20th. Jefferies Financial Group upped their price objective on shares of NIKE from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Monday, September 30th. Piper Sandler reissued a “neutral” rating and set a $80.00 target price on shares of NIKE in a research note on Friday, September 20th. Morgan Stanley increased their price objective on NIKE from $79.00 to $82.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Finally, Evercore ISI lowered their target price on NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Fourteen research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NIKE currently has an average rating of “Moderate Buy” and a consensus target price of $95.71.

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.