Motley Fool Asset Management LLC Acquires 1,783 Shares of NIKE, Inc. (NYSE:NKE)

Motley Fool Asset Management LLC increased its position in shares of NIKE, Inc. (NYSE:NKE) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,002 shares of the footwear maker’s stock after acquiring an additional 1,783 shares during the period. Motley Fool Asset Management LLC’s holdings in NIKE were worth $4,886,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Gould Asset Management LLC CA boosted its stake in shares of NIKE by 32.0% in the 4th quarter. Gould Asset Management LLC CA now owns 3,056 shares of the footwear maker’s stock valued at $332,000 after purchasing an additional 740 shares in the last quarter. Jackson Hole Capital Partners LLC purchased a new stake in NIKE during the 4th quarter valued at $222,000. New Jersey Better Educational Savings Trust purchased a new stake in NIKE during the 4th quarter valued at $217,000. Bank Julius Baer & Co. Ltd Zurich boosted its position in NIKE by 6.4% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,687,857 shares of the footwear maker’s stock valued at $183,251,000 after buying an additional 101,484 shares during the period. Finally, Stevens Capital Management LP purchased a new stake in NIKE during the 4th quarter valued at $5,330,000. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Performance

Shares of NYSE NKE traded down $0.70 during trading on Thursday, reaching $93.94. 5,296,510 shares of the company traded hands, compared to its average volume of 9,470,656. The firm has a 50 day simple moving average of $97.15 and a 200-day simple moving average of $103.32. 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 stock has a market capitalization of $141.79 billion, a PE ratio of 27.63, a P/E/G ratio of 1.81 and a beta of 1.08. NIKE, Inc. has a 52-week low of $88.66 and a 52-week high of $128.68.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. The company had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. Equities research analysts anticipate that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Friday, March 1st. NIKE’s payout ratio is 43.53%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Williams Trading reissued a “sell” rating and set a $85.00 price target (down previously from $92.00) on shares of NIKE in a research report on Monday, March 18th. Oppenheimer lowered shares of NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 price objective for the company. in a report on Friday, February 16th. Morgan Stanley decreased their price objective on shares of NIKE from $124.00 to $116.00 and set an “overweight” rating for the company in a report on Wednesday, March 27th. Piper Sandler decreased their price objective on shares of NIKE from $107.00 to $98.00 and set a “neutral” rating for the company in a report on Friday, March 22nd. Finally, Robert W. Baird decreased their price objective on shares of NIKE from $140.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.