Advisors Asset Management Inc. increased its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 39.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,282 shares of the footwear maker's stock after purchasing an additional 13,689 shares during the period. Advisors Asset Management Inc.'s holdings in NIKE were worth $4,268,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the company. NS Partners Ltd grew its stake in shares of NIKE by 1.9% during the 3rd quarter. NS Partners Ltd now owns 237,982 shares of the footwear maker's stock worth $21,038,000 after acquiring an additional 4,332 shares in the last quarter. Kirtland Hills Capital Management LLC boosted its holdings in NIKE by 51.6% during the third quarter. Kirtland Hills Capital Management LLC now owns 14,219 shares of the footwear maker's stock worth $1,257,000 after purchasing an additional 4,838 shares during the last quarter. Strategy Asset Managers LLC grew its position in NIKE by 30.1% in the third quarter. Strategy Asset Managers LLC now owns 4,005 shares of the footwear maker's stock valued at $354,000 after purchasing an additional 927 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in NIKE in the 3rd quarter valued at $401,000. Finally, Avior Wealth Management LLC lifted its position in NIKE by 18.1% during the 3rd quarter. Avior Wealth Management LLC now owns 34,037 shares of the footwear maker's stock worth $3,009,000 after buying an additional 5,220 shares in the last quarter. Institutional investors own 64.25% of the company's stock.
A number of analysts recently issued reports on the company. Evercore ISI lowered their target price on NIKE from $110.00 to $105.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 2nd. Jefferies Financial Group boosted their price target on NIKE from $80.00 to $85.00 and gave the stock a "hold" rating in a research report on Monday, September 30th. Bank of America cut their price objective on NIKE from $104.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, October 2nd. Daiwa America downgraded shares of NIKE from a "moderate buy" rating to a "hold" rating in a report on Wednesday, September 11th. Finally, Stifel Nicolaus cut their price target on shares of NIKE from $88.00 to $79.00 and set a "hold" rating for the company in a research note on Monday, August 26th. Fourteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, NIKE has a consensus rating of "Moderate Buy" and an average price target of $95.86.
View Our Latest Research Report on NKE
NYSE NKE opened at $77.40 on Friday. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.57. The company has a market cap of $116.05 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.80 and a beta of 1.03. The company has a 50 day moving average of $80.51 and a 200-day moving average of $82.67. NIKE, Inc. has a 1-year low of $70.75 and a 1-year high of $123.39.
NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings results on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.18. The company had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $11.64 billion. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The firm's quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.94 EPS. On average, equities research analysts expect that NIKE, Inc. will post 2.74 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be paid a $0.40 dividend. This is an increase 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 of this dividend is Monday, December 2nd. NIKE's dividend payout ratio (DPR) is presently 42.41%.
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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