Ellevest Inc. Buys 106 Shares of NIKE, Inc. (NYSE:NKE)

Ellevest Inc. raised its holdings in shares of NIKE, Inc. (NYSE:NKEFree Report) by 2.2% during the third quarter, HoldingsChannel.com reports. The firm owned 4,824 shares of the footwear maker’s stock after acquiring an additional 106 shares during the quarter. Ellevest Inc.’s holdings in NIKE were worth $461,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in NKE. BlackRock Inc. increased its stake in shares of NIKE by 6.8% in the 2nd quarter. BlackRock Inc. now owns 92,826,102 shares of the footwear maker’s stock valued at $10,245,217,000 after acquiring an additional 5,917,963 shares during the last quarter. State Street Corp increased its stake in shares of NIKE by 2.7% in the 2nd quarter. State Street Corp now owns 55,210,541 shares of the footwear maker’s stock valued at $6,111,923,000 after acquiring an additional 1,447,861 shares during the last quarter. 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 valued at $3,594,561,000 after acquiring an additional 6,410,744 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of NIKE by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 22,909,832 shares of the footwear maker’s stock valued at $2,521,881,000 after acquiring an additional 430,869 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of NIKE by 7.2% in the 2nd quarter. Alliancebernstein L.P. now owns 22,371,886 shares of the footwear maker’s stock valued at $2,469,185,000 after acquiring an additional 1,493,704 shares during the last quarter. 63.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on NKE. JPMorgan Chase & Co. lowered their price target on NIKE from $139.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, December 22nd. Citigroup raised NIKE from a “neutral” rating to a “buy” rating and increased their target price for the stock from $100.00 to $135.00 in a research note on Monday, December 11th. Stifel Nicolaus lowered their target price on NIKE from $135.00 to $129.00 and set a “buy” rating for the company in a research note on Friday, December 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on NIKE from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Friday, December 22nd. Finally, TheStreet cut NIKE from a “b” rating to a “c+” rating in a research note on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.62.

Get Our Latest Research Report on NIKE

NIKE Stock Performance

NIKE stock opened at $107.21 on Tuesday. NIKE, Inc. has a 12-month low of $88.66 and a 12-month high of $128.68. The company has a quick ratio of 1.85, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. The business’s 50-day moving average price is $107.91 and its two-hundred day moving average price is $104.38. The stock has a market cap of $163.16 billion, a PE ratio of 31.35, a P/E/G ratio of 1.94 and a beta of 1.11.

NIKE (NYSE:NKEGet Free Report) last released its earnings results on Thursday, December 21st. The footwear maker reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.19. NIKE had a return on equity of 37.41% and a net margin of 10.28%. The firm had revenue of $13.40 billion for the quarter, compared to analysts’ expectations of $13.39 billion. During the same quarter in the previous year, the business posted $0.85 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. As a group, analysts expect that NIKE, Inc. will post 3.57 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 4th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Friday, March 1st. NIKE’s dividend payout ratio is presently 43.27%.

Insider Buying and Selling at NIKE

In other news, EVP Monique S. Matheson sold 10,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $119.00, for a total transaction of $1,190,000.00. Following the sale, the executive vice president now directly owns 44,736 shares in the company, valued at $5,323,584. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.50% of the company’s stock.

NIKE Company 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.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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