Regatta Capital Group LLC Grows Holdings in NIKE, Inc. (NYSE:NKE)

Regatta Capital Group LLC grew its stake in shares of NIKE, Inc. (NYSE:NKEFree Report) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,868 shares of the footwear maker’s stock after purchasing an additional 731 shares during the quarter. Regatta Capital Group LLC’s holdings in NIKE were worth $1,506,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. BCK Partners Inc. bought a new stake in shares of NIKE during the first quarter valued at approximately $2,839,000. Loomis Sayles & Co. L P boosted its holdings in shares of NIKE by 138.2% in the 1st quarter. Loomis Sayles & Co. L P now owns 11,233 shares of the footwear maker’s stock valued at $1,511,000 after buying an additional 6,518 shares in the last quarter. Merit Financial Group LLC grew its position in shares of NIKE by 13.3% in the 1st quarter. Merit Financial Group LLC now owns 1,588 shares of the footwear maker’s stock worth $214,000 after buying an additional 186 shares during the last quarter. Bridgewater Associates LP bought a new position in shares of NIKE during the 1st quarter worth approximately $278,000. Finally, Federated Hermes Inc. lifted its position in NIKE by 9.8% during the first quarter. Federated Hermes Inc. now owns 433,950 shares of the footwear maker’s stock valued at $58,392,000 after acquiring an additional 38,903 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NKE. TD Cowen reaffirmed a “market perform” rating and set a $104.00 price target (down from $129.00) on shares of NIKE in a research report on Friday, December 22nd. Robert W. Baird reduced their target price on NIKE from $140.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Wells Fargo & Company lowered their price target on NIKE from $125.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Citigroup lowered their target price on shares of NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. Finally, Raymond James upped their price target on shares of NIKE from $121.00 to $130.00 and gave the company an “outperform” rating in a research note on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $116.52.

View Our Latest Research Report on NKE

NIKE Price Performance

Shares of NYSE NKE opened at $92.52 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. The firm’s 50 day simple moving average is $101.06 and its 200-day simple moving average is $103.61. NIKE, Inc. has a 12 month low of $88.66 and a 12 month high of $128.68. The stock has a market capitalization of $140.81 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 1.76 and a beta of 1.09.

NIKE (NYSE:NKEGet Free Report) last issued its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The business had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. Analysts expect that NIKE, Inc. will post 3.71 EPS for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Friday, March 1st. NIKE’s dividend payout ratio (DPR) is presently 43.53%.

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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