Jackson Hole Capital Partners LLC Invests $222,000 in NIKE, Inc. (NYSE:NKE)

Jackson Hole Capital Partners LLC acquired a new stake in shares of NIKE, Inc. (NYSE:NKE) during the 4th quarter, HoldingsChannel reports. The firm acquired 2,042 shares of the footwear maker’s stock, valued at approximately $222,000.

Several other institutional investors have also recently made changes to their positions in NKE. Oliver Luxxe Assets LLC lifted its holdings in NIKE by 2.9% during the third quarter. Oliver Luxxe Assets LLC now owns 37,510 shares of the footwear maker’s stock worth $3,587,000 after acquiring an additional 1,041 shares during the period. Louisiana State Employees Retirement System purchased a new stake in NIKE in the fourth quarter worth $8,034,000. Financial Gravity Asset Management Inc. increased its position in NIKE by 2,332.5% in the third quarter. Financial Gravity Asset Management Inc. now owns 184,042 shares of the footwear maker’s stock worth $17,598,000 after buying an additional 176,476 shares during the last quarter. International Assets Investment Management LLC increased its position in NIKE by 10,184.3% in the fourth quarter. International Assets Investment Management LLC now owns 388,131 shares of the footwear maker’s stock worth $42,139,000 after buying an additional 384,357 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC increased its position in NIKE by 55.6% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 194,164 shares of the footwear maker’s stock worth $21,080,000 after buying an additional 69,363 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Trading Up 0.2 %

NYSE:NKE traded up $0.17 during mid-day trading on Friday, reaching $94.11. 6,115,249 shares of the company’s stock traded hands, compared to its average volume of 9,429,240. NIKE, Inc. has a 12-month low of $88.66 and a 12-month high of $128.68. The firm has a market capitalization of $142.05 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 1.83 and a beta of 1.08. 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 company has a 50 day moving average price of $97.15 and a 200-day moving average price of $103.32.

NIKE (NYSE:NKE) last posted its earnings results 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 return on equity of 39.41% and a net margin of 10.14%. The firm had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.28 billion. On average, sell-side analysts predict that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Dividend Announcement

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

Wall Street Analyst Weigh In

NKE has been the subject of a number of recent research reports. Williams Trading reissued a “sell” rating and issued a $85.00 target price (down from $92.00) on shares of NIKE in a research report on Monday, March 18th. Oppenheimer cut NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 price target for the company. in a research report on Friday, February 16th. Jefferies Financial Group reduced their price target on NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, March 22nd. Piper Sandler reduced their price target on NIKE from $107.00 to $98.00 and set a “neutral” rating for the company in a research report on Friday, March 22nd. Finally, Morgan Stanley reduced their price target on NIKE from $124.00 to $116.00 and set an “overweight” rating for the company in a research report on Wednesday, March 27th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, NIKE has an average rating of “Moderate Buy” and a consensus target price of $116.26.

NIKE Profile

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.