Gryphon Financial Partners LLC lessened its holdings in NIKE, Inc. (NYSE:NKE) by 1.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,078 shares of the footwear maker’s stock after selling 162 shares during the period. Gryphon Financial Partners LLC’s holdings in NIKE were worth $1,340,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of NKE. Norges Bank purchased a new stake in NIKE in the 4th quarter valued at about $1,903,194,000. Jennison Associates LLC increased its stake in NIKE by 30.8% in the 4th quarter. Jennison Associates LLC now owns 20,446,063 shares of the footwear maker’s stock valued at $2,892,505,000 after buying an additional 4,812,150 shares during the last quarter. Morgan Stanley increased its stake in NIKE by 31.3% in the 4th quarter. Morgan Stanley now owns 19,496,387 shares of the footwear maker’s stock valued at $2,758,153,000 after buying an additional 4,643,842 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in NIKE by 18.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,300,888 shares of the footwear maker’s stock valued at $4,142,170,000 after buying an additional 4,468,961 shares during the last quarter. Finally, WCM Investment Management LLC purchased a new stake in NIKE in the 4th quarter valued at about $257,241,000. Institutional investors own 64.20% of the company’s stock.
Several research firms have commented on NKE. Royal Bank of Canada initiated coverage on shares of NIKE in a research note on Friday, April 23rd. They issued an “outperform” rating and a $165.00 price objective for the company. KeyCorp raised their price target on shares of NIKE from $174.00 to $180.00 and gave the stock an “overweight” rating in a research note on Monday, January 25th. Cowen raised their price target on shares of NIKE from $170.00 to $173.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 23rd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell restated a “neutral” rating and set a $140.00 price target (down previously from $160.00) on shares of NIKE in a research note on Monday, April 26th. Finally, Bank of America initiated coverage on shares of NIKE in a research note on Thursday. They set a “neutral” rating and a $150.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirty have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $161.29.
NYSE NKE opened at $135.93 on Friday. NIKE, Inc. has a 52-week low of $84.88 and a 52-week high of $147.95. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.97 and a current ratio of 2.66. The company has a market capitalization of $214.76 billion, a P/E ratio of 77.67, a P/E/G ratio of 2.51 and a beta of 0.83. The company has a fifty day moving average of $133.28 and a 200-day moving average of $136.22.
NIKE (NYSE:NKE) last posted its quarterly earnings data on Wednesday, March 17th. The footwear maker reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.15. NIKE had a net margin of 7.39% and a return on equity of 34.89%. The company had revenue of $10.40 billion during the quarter, compared to the consensus estimate of $10.98 billion. During the same period in the previous year, the firm posted $0.78 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. As a group, analysts forecast that NIKE, Inc. will post 2.96 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 1st. Investors of record on Tuesday, June 1st will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Friday, May 28th. NIKE’s payout ratio is presently 59.46%.
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.
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