30,832 Shares in NIKE, Inc. (NYSE:NKE) Bought by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc bought a new position in shares of NIKE, Inc. (NYSE:NKE) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 30,832 shares of the footwear maker’s stock, valued at approximately $3,347,000.

Other institutional investors have also recently made changes to their positions in the company. Impact Partnership Wealth LLC grew its holdings in NIKE by 220.7% during the 3rd quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock worth $25,000 after acquiring an additional 181 shares during the period. Strategic Blueprint LLC lifted its stake in NIKE by 5.3% in the third quarter. Strategic Blueprint LLC now owns 8,593 shares of the footwear maker’s stock valued at $822,000 after buying an additional 431 shares during the period. UMB Bank n.a. boosted its holdings in shares of NIKE by 16.5% during the 3rd quarter. UMB Bank n.a. now owns 57,004 shares of the footwear maker’s stock worth $5,451,000 after buying an additional 8,059 shares in the last quarter. Iyo Bank Ltd. acquired a new stake in shares of NIKE during the 3rd quarter worth approximately $2,914,000. Finally, WestEnd Advisors LLC bought a new stake in shares of NIKE in the 3rd quarter valued at $28,370,000. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Performance

NKE traded up $0.17 during trading hours on Friday, hitting $94.11. The stock had a trading volume of 6,115,249 shares, compared to its average volume of 9,429,240. The stock has a market cap of $142.05 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.83 and a beta of 1.08. NIKE, Inc. has a 1 year low of $88.66 and a 1 year high of $128.68. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. The company’s fifty day simple moving average is $96.96 and its 200 day simple moving average is $103.30.

NIKE (NYSE:NKE) last posted its quarterly earnings results 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%. Equities analysts anticipate that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.48 annualized dividend and a dividend yield of 1.57%. NIKE’s dividend payout ratio is currently 43.53%.

Analyst Ratings Changes

Several equities research analysts have weighed in on NKE shares. Robert W. Baird decreased their price target on shares of NIKE from $140.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. Oppenheimer cut NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 target price on the stock. in a report on Friday, February 16th. Evercore ISI decreased their price target on shares of NIKE from $127.00 to $117.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. Jefferies Financial Group reduced their price objective on shares of NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a report on Friday, March 22nd. Finally, HSBC lowered their target price on shares of NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.26.

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.