Dynamic Advisor Solutions LLC Raises Stake in NIKE, Inc. (NYSE:NKE)

Dynamic Advisor Solutions LLC boosted its position in NIKE, Inc. (NYSE:NKEFree Report) by 39.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,340 shares of the footwear maker’s stock after buying an additional 10,202 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in NIKE were worth $3,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vestcor Inc raised its stake in NIKE by 0.3% during the 4th quarter. Vestcor Inc now owns 29,977 shares of the footwear maker’s stock valued at $3,508,000 after purchasing an additional 81 shares during the period. Excalibur Management Corp raised its stake in NIKE by 1.9% during the 3rd quarter. Excalibur Management Corp now owns 5,148 shares of the footwear maker’s stock valued at $492,000 after purchasing an additional 98 shares during the period. M Holdings Securities Inc. raised its stake in NIKE by 2.7% during the 1st quarter. M Holdings Securities Inc. now owns 3,775 shares of the footwear maker’s stock valued at $463,000 after purchasing an additional 100 shares during the period. Bond & Devick Financial Network Inc. raised its stake in NIKE by 1.3% during the 3rd quarter. Bond & Devick Financial Network Inc. now owns 7,540 shares of the footwear maker’s stock valued at $721,000 after purchasing an additional 100 shares during the period. Finally, Baxter Bros Inc. raised its stake in NIKE by 2.0% during the 3rd quarter. Baxter Bros Inc. now owns 5,045 shares of the footwear maker’s stock valued at $482,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 63.42% of the company’s stock.

NIKE Trading Up 1.2 %

Shares of NYSE:NKE opened at $99.96 on Wednesday. The business’s 50-day moving average is $102.46 and its 200 day moving average is $103.82. NIKE, Inc. has a 1 year low of $88.66 and a 1 year high of $128.68. The firm has a market capitalization of $152.13 billion, a P/E ratio of 29.23, a P/E/G ratio of 1.84 and a beta of 1.10. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.85.

NIKE (NYSE:NKEGet Free Report) last announced its earnings results on Thursday, December 21st. The footwear maker reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.19. NIKE had a return on equity of 37.41% and a net margin of 10.28%. The company had revenue of $13.40 billion for the quarter, compared to analyst estimates of $13.39 billion. During the same period in the prior year, the company posted $0.85 EPS. The firm’s quarterly revenue was up .8% compared to the same quarter last year. On average, research analysts predict that NIKE, Inc. will post 3.55 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 4th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, March 1st. This represents a $1.48 annualized dividend and a yield of 1.48%. NIKE’s payout ratio is presently 43.27%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Williams Trading restated a “sell” rating and set a $85.00 price target (down previously from $92.00) on shares of NIKE in a report on Monday. Oppenheimer cut NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 price target for the company. in a report on Friday, February 16th. BMO Capital Markets raised their price target on NIKE from $110.00 to $118.00 and gave the company an “outperform” rating in a report on Friday, December 22nd. Deutsche Bank Aktiengesellschaft cut their price target on NIKE from $132.00 to $128.00 and set a “buy” rating for the company in a report on Friday, December 22nd. Finally, TD Cowen restated a “market perform” rating and set a $104.00 price target (down previously from $129.00) on shares of NIKE in a report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $121.50.

Get Our Latest Stock Analysis on NIKE

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.

See Also

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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