Loomis Sayles & Co. L P boosted its stake in shares of NIKE, Inc. (NYSE:NKE – Free Report) by 1,209,638.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,508,394 shares of the footwear maker’s stock after buying an additional 6,507,856 shares during the period. NIKE makes up approximately 0.8% of Loomis Sayles & Co. L P’s holdings, making the stock its 28th biggest holding. Loomis Sayles & Co. L P owned 0.43% of NIKE worth $575,342,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. VitalStone Financial LLC boosted its holdings in NIKE by 52.6% during the third quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock worth $38,000 after purchasing an additional 150 shares during the last quarter. Bruce G. Allen Investments LLC boosted its stake in shares of NIKE by 272.5% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 514 shares of the footwear maker’s stock worth $39,000 after buying an additional 376 shares during the last quarter. Triad Wealth Partners LLC bought a new position in shares of NIKE in the 2nd quarter valued at about $44,000. Riverview Trust Co acquired a new stake in shares of NIKE in the third quarter valued at about $52,000. Finally, Beacon Capital Management LLC raised its holdings in NIKE by 111.2% during the first quarter. Beacon Capital Management LLC now owns 604 shares of the footwear maker’s stock worth $57,000 after acquiring an additional 318 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.
NIKE Stock Performance
Shares of NYSE NKE opened at $77.40 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58. NIKE, Inc. has a 1 year low of $70.75 and a 1 year high of $123.39. The firm has a fifty day moving average price of $80.51 and a 200-day moving average price of $82.52. The stock has a market cap of $116.05 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 1.88 and a beta of 1.03.
NIKE Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a $0.40 dividend. This is a boost from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Monday, December 2nd. NIKE’s dividend payout ratio (DPR) is presently 42.41%.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on NKE. Barclays lowered their price objective on shares of NIKE from $84.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 2nd. Stifel Nicolaus cut their price target on NIKE from $88.00 to $79.00 and set a “hold” rating for the company in a report on Monday, August 26th. TD Cowen dropped their price objective on shares of NIKE from $78.00 to $73.00 and set a “hold” rating on the stock in a research report on Monday, November 18th. JPMorgan Chase & Co. reduced their target price on shares of NIKE from $80.00 to $77.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Finally, UBS Group increased their price target on shares of NIKE from $78.00 to $82.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Fourteen analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.86.
Read Our Latest Research Report on NKE
About NIKE
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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