Ritholtz Wealth Management Has $1.72 Million Holdings in NIKE, Inc. (NYSE:NKE)

Ritholtz Wealth Management increased its holdings in NIKE, Inc. (NYSE:NKE) by 20.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 15,878 shares of the footwear maker’s stock after purchasing an additional 2,649 shares during the period. Ritholtz Wealth Management’s holdings in NIKE were worth $1,724,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NKE. Impact Partnership Wealth LLC grew its stake in shares of NIKE by 220.7% in the third quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock worth $25,000 after purchasing an additional 181 shares during the last quarter. Planned Solutions Inc. bought a new stake in shares of NIKE in the fourth quarter worth $29,000. Financial Freedom LLC bought a new stake in shares of NIKE in the fourth quarter worth $29,000. Worth Asset Management LLC bought a new stake in shares of NIKE in the first quarter worth $32,000. Finally, Raleigh Capital Management Inc. boosted its position in NIKE by 134.2% during the third quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock valued at $36,000 after acquiring an additional 216 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on NKE. BMO Capital Markets upped their price target on shares of NIKE from $110.00 to $118.00 and gave the company an “outperform” rating in a research report on Friday, December 22nd. HSBC cut their price objective on shares of NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, January 22nd. The Goldman Sachs Group cut their price objective on shares of NIKE from $135.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. TD Cowen reissued a “market perform” rating and set a $104.00 price objective (down previously from $129.00) on shares of NIKE in a research report on Friday, December 22nd. Finally, Wells Fargo & Company cut their price objective on shares of NIKE from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $116.52.

NIKE Stock Down 0.2 %

Shares of NYSE:NKE opened at $93.98 on Friday. The company has a market cap of $143.03 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 1.76 and a beta of 1.10. The firm has a fifty day moving average price of $101.52 and a two-hundred day moving average price of $103.63. NIKE, Inc. has a one year low of $88.66 and a one year high of $128.68. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. The company had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. Analysts anticipate that NIKE, Inc. will post 3.72 EPS for the current fiscal year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 4th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, March 1st. NIKE’s payout ratio is 43.53%.

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.