Capital Advisors Inc. OK Takes $203,000 Position in NIKE, Inc. (NYSE:NKE)

Capital Advisors Inc. OK purchased a new stake in shares of NIKE, Inc. (NYSE:NKE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,868 shares of the footwear maker’s stock, valued at approximately $203,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Morgan Stanley increased its stake in shares of NIKE by 26.4% in the 4th quarter. Morgan Stanley now owns 30,720,119 shares of the footwear maker’s stock worth $3,594,561,000 after purchasing an additional 6,410,744 shares in the last quarter. Alliancebernstein L.P. increased its stake in NIKE by 7.2% in the 2nd quarter. Alliancebernstein L.P. now owns 22,371,886 shares of the footwear maker’s stock worth $2,469,185,000 after buying an additional 1,493,704 shares in the last quarter. FMR LLC increased its stake in NIKE by 0.7% in the 3rd quarter. FMR LLC now owns 18,502,409 shares of the footwear maker’s stock worth $1,769,200,000 after buying an additional 125,746 shares in the last quarter. Moneta Group Investment Advisors LLC increased its stake in NIKE by 139,649.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,813,307 shares of the footwear maker’s stock worth $1,967,325,000 after buying an additional 16,801,276 shares in the last quarter. Finally, Northern Trust Corp increased its stake in NIKE by 4.5% in the 3rd quarter. Northern Trust Corp now owns 15,557,676 shares of the footwear maker’s stock worth $1,487,625,000 after buying an additional 674,198 shares in the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Piper Sandler cut their price target on NIKE from $107.00 to $98.00 and set a “neutral” rating for the company in a research note on Friday, March 22nd. Stifel Nicolaus dropped their price objective on shares of NIKE from $129.00 to $117.00 and set a “buy” rating for the company in a report on Friday, March 22nd. The Goldman Sachs Group dropped their price objective on shares of NIKE from $135.00 to $120.00 and set a “buy” rating for the company in a report on Friday, March 22nd. HSBC dropped their price objective on shares of NIKE from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, January 22nd. Finally, Raymond James increased their price objective on shares of NIKE from $121.00 to $130.00 and gave the company an “outperform” rating in a report on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $116.26.

NIKE Stock Performance

Shares of NKE stock opened at $92.00 on Monday. The firm has a market cap of $138.86 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 1.79 and a beta of 1.09. The company’s 50 day moving average is $98.96 and its 200 day moving average is $103.47. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. NIKE, Inc. has a 52-week low of $88.66 and a 52-week high of $128.68.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.29. The company had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. On average, sell-side analysts anticipate that NIKE, Inc. will post 3.7 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.61%. The ex-dividend date was 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.