Robertson Stephens Wealth Management LLC Has $1.40 Million Stock Position in NIKE, Inc. (NYSE:NKE)

Robertson Stephens Wealth Management LLC grew its position in NIKE, Inc. (NYSE:NKE) by 13.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,815 shares of the footwear maker’s stock after acquiring an additional 1,535 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in NIKE were worth $1,396,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Iron Horse Wealth Management LLC raised its holdings in NIKE by 120.7% in the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 140 shares during the period. Planned Solutions Inc. bought a new position in NIKE during the fourth quarter worth about $29,000. Raleigh Capital Management Inc. grew its stake in NIKE by 134.2% in the third quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock valued at $36,000 after acquiring an additional 216 shares during the period. Stephens Consulting LLC grew its stake in NIKE by 160.0% in the third quarter. Stephens Consulting LLC now owns 390 shares of the footwear maker’s stock valued at $37,000 after acquiring an additional 240 shares during the period. Finally, OFI Invest Asset Management bought a new stake in shares of NIKE in the third quarter worth about $37,000. 64.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NKE. Telsey Advisory Group decreased their price objective on NIKE from $140.00 to $120.00 and set an “outperform” rating for the company in a research report on Monday, March 18th. HSBC lowered their price objective on shares of NIKE from $120.00 to $115.00 and set a “hold” rating for the company in a research report on Monday, January 22nd. Piper Sandler dropped their price objective on shares of NIKE from $107.00 to $98.00 and set a “neutral” rating on the stock in a report on Friday, March 22nd. Wedbush reiterated an “outperform” rating and set a $115.00 target price on shares of NIKE in a report on Tuesday. Finally, Robert W. Baird dropped their price target on NIKE from $140.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.26.

NIKE Stock Up 1.3 %

NYSE NKE traded up $1.21 on Thursday, hitting $91.55. The stock had a trading volume of 1,979,453 shares, compared to its average volume of 9,256,841. The business’s fifty day moving average price is $96.25 and its 200 day moving average price is $103.19. NIKE, Inc. has a 52-week low of $88.66 and a 52-week high of $128.38. The stock has a market cap of $138.18 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89.

NIKE (NYSE:NKE) last issued its quarterly earnings data 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. The business 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%. 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 declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were given a dividend of $0.37 per share. The ex-dividend date was Friday, March 1st. This represents a $1.48 annualized dividend and a dividend yield of 1.62%. NIKE’s dividend payout ratio is presently 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.