NIKE, Inc. (NYSE:NKE) Stock Holdings Increased by Lyell Wealth Management LP

Lyell Wealth Management LP raised its holdings in shares of NIKE, Inc. (NYSE:NKE) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,588 shares of the footwear maker’s stock after acquiring an additional 1,000 shares during the period. Lyell Wealth Management LP’s holdings in NIKE were worth $9,509,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Excalibur Management Corp increased its stake in NIKE by 1.9% during the third quarter. Excalibur Management Corp now owns 5,148 shares of the footwear maker’s stock valued at $492,000 after acquiring an additional 98 shares during the period. Baxter Bros Inc. grew its stake in shares of NIKE by 2.0% in the 3rd quarter. Baxter Bros Inc. now owns 5,045 shares of the footwear maker’s stock valued at $482,000 after purchasing an additional 100 shares during the period. First Pacific Financial grew its stake in shares of NIKE by 1.3% in the 3rd quarter. First Pacific Financial now owns 8,098 shares of the footwear maker’s stock valued at $774,000 after purchasing an additional 100 shares during the period. Jeppson Wealth Management LLC grew its stake in shares of NIKE by 4.5% in the 3rd quarter. Jeppson Wealth Management LLC now owns 2,315 shares of the footwear maker’s stock valued at $221,000 after purchasing an additional 100 shares during the period. Finally, Cairn Investment Group Inc. grew its stake in shares of NIKE by 4.2% in the 3rd quarter. Cairn Investment Group Inc. now owns 2,500 shares of the footwear maker’s stock valued at $239,000 after purchasing an additional 100 shares during the period. Institutional investors own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NKE shares. Stifel Nicolaus lowered their price objective on NIKE from $129.00 to $117.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. UBS Group reduced their price objective on NIKE from $138.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Citigroup reduced their price objective on NIKE from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, March 14th. TheStreet downgraded NIKE from a “b” rating to a “c+” rating in a research note on Tuesday, January 9th. Finally, Truist Financial reissued a “hold” rating and issued a $111.00 price target on shares of NIKE in a research note on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $116.26.

NIKE Stock Up 0.7 %

Shares of NYSE NKE traded up $0.62 during mid-day trading on Wednesday, hitting $94.64. The company had a trading volume of 6,444,777 shares, compared to its average volume of 9,523,251. The company has a market capitalization of $142.85 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 1.82 and a beta of 1.08. The firm has a 50-day simple moving average of $97.39 and a two-hundred day simple moving average of $103.38. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. NIKE, Inc. has a one year low of $88.66 and a one year high of $128.68.

NIKE (NYSE:NKE) last issued its 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. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The business had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. On average, equities analysts expect that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Announces Dividend

The company also recently announced 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 of this dividend was Friday, March 1st. This represents a $1.48 annualized dividend and a yield of 1.56%. NIKE’s dividend payout ratio (DPR) is currently 43.53%.

NIKE Company 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.