MADDEN SECURITIES Corp lowered its holdings in NIKE, Inc. (NYSE:NKE – Get Rating) by 44.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,686 shares of the footwear maker’s stock after selling 13,300 shares during the quarter. NIKE accounts for about 1.0% of MADDEN SECURITIES Corp’s investment portfolio, making the stock its 29th biggest position. MADDEN SECURITIES Corp’s holdings in NIKE were worth $1,952,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in NKE. Turim 21 Investimentos Ltda. increased its stake in NIKE by 821.1% in the third quarter. Turim 21 Investimentos Ltda. now owns 350 shares of the footwear maker’s stock valued at $29,000 after acquiring an additional 312 shares during the period. Worth Asset Management LLC bought a new stake in NIKE during the first quarter worth about $32,000. Ameliora Wealth Management Ltd. bought a new stake in NIKE during the third quarter worth about $33,000. Moisand Fitzgerald Tamayo LLC grew its stake in NIKE by 32.8% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 482 shares of the footwear maker’s stock worth $40,000 after buying an additional 119 shares during the last quarter. Finally, Penserra Capital Management LLC bought a new stake in NIKE during the third quarter worth about $42,000. Institutional investors own 63.20% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have weighed in on the stock. OTR Global raised shares of NIKE from a “mixed” rating to a “positive” rating in a research note on Friday, March 10th. Cowen upped their price objective on shares of NIKE from $131.00 to $141.00 in a research note on Tuesday, January 10th. Telsey Advisory Group upped their price objective on shares of NIKE from $133.00 to $138.00 and gave the stock an “outperform” rating in a research note on Friday. Sanford C. Bernstein set a $122.00 price objective on shares of NIKE in a research note on Monday, January 2nd. Finally, Raymond James increased their price target on shares of NIKE from $99.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, December 21st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $129.66.
Insider Transactions at NIKE
NIKE Trading Down 0.2 %
NKE traded down $0.26 during mid-day trading on Friday, hitting $120.39. The stock had a trading volume of 12,868,912 shares, compared to its average volume of 6,002,870. The stock’s fifty day simple moving average is $123.67 and its 200-day simple moving average is $109.91. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.69 and a quick ratio of 1.78. The firm has a market capitalization of $186.67 billion, a price-to-earnings ratio of 33.91, a price-to-earnings-growth ratio of 3.81 and a beta of 1.10. NIKE, Inc. has a 1-year low of $82.22 and a 1-year high of $139.86.
NIKE (NYSE:NKE – Get Rating) last posted its earnings results on Tuesday, December 20th. The footwear maker reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.20. NIKE had a net margin of 11.47% and a return on equity of 36.83%. The company had revenue of $13.32 billion for the quarter, compared to analyst estimates of $12.61 billion. As a group, research analysts forecast that NIKE, Inc. will post 3.13 EPS for the current fiscal year.
NIKE Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Monday, March 6th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Friday, March 3rd. NIKE’s dividend payout ratio is 38.31%.
NIKE, Inc engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America, Europe, Middle East & Africa, Greater China, Asia Pacific & Latin America, Global Brand Divisions, Converse, and Corporate.
- Get a free copy of the StockNews.com research report on NIKE (NKE)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Receive News & Ratings for NIKE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NIKE and related companies with MarketBeat.com's FREE daily email newsletter.