Planning Directions Inc. Invests $212,000 in NIKE, Inc. (NYSE:NKE)

Planning Directions Inc. bought a new position in NIKE, Inc. (NYSE:NKE) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,957 shares of the footwear maker’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Financial Freedom LLC purchased a new position in shares of NIKE during the fourth quarter valued at $29,000. Iron Horse Wealth Management LLC grew its holdings in shares of NIKE by 120.7% during the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after buying an additional 140 shares in the last quarter. Impact Partnership Wealth LLC grew its holdings in shares of NIKE by 220.7% during the third quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock valued at $25,000 after buying an additional 181 shares in the last quarter. Planned Solutions Inc. purchased a new position in shares of NIKE during the fourth quarter valued at $29,000. Finally, Worth Asset Management LLC purchased a new position in shares of NIKE during the first quarter valued at $32,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

NKE has been the topic of a number of recent research reports. Bank of America upgraded NIKE from a “neutral” rating to a “buy” rating and boosted their target price for the company from $110.00 to $113.00 in a research note on Thursday, April 11th. Evercore ISI lowered their target price on NIKE from $127.00 to $117.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Robert W. Baird lowered their target price on NIKE from $140.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on NIKE from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Friday, December 22nd. Finally, TD Cowen restated a “market perform” rating and issued a $104.00 target price (down previously from $129.00) on shares of NIKE in a research note on Friday, December 22nd. 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $116.26.

NIKE Stock Performance

NIKE stock traded down $1.21 during trading hours on Friday, hitting $94.53. The stock had a trading volume of 11,241,901 shares, compared to its average volume of 11,692,355. The company has a 50-day moving average of $98.11 and a two-hundred day moving average of $103.37. 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 has a market cap of $142.68 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 1.85 and a beta of 1.08. NIKE, Inc. has a fifty-two week low of $88.66 and a fifty-two week high of $128.68.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating the consensus estimate of $0.69 by $0.29. The firm had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. On average, equities research analysts anticipate that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Announces Dividend

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

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.