2,420 Shares in NIKE, Inc. (NYSE:NKE) Acquired by S&CO Inc.

S&CO Inc. purchased a new position in shares of NIKE, Inc. (NYSE:NKE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,420 shares of the footwear maker’s stock, valued at approximately $213,000.

Other institutional investors also recently bought and sold shares of the company. Ontario Teachers Pension Plan Board purchased a new stake in NIKE in the 1st quarter worth $868,000. Edgestream Partners L.P. acquired a new position in shares of NIKE during the 1st quarter valued at about $727,000. Jacobi Capital Management LLC raised its holdings in NIKE by 12.6% in the 1st quarter. Jacobi Capital Management LLC now owns 4,532 shares of the footwear maker’s stock valued at $426,000 after buying an additional 508 shares during the period. Hillsdale Investment Management Inc. increased its stake in NIKE by 403.1% during the first quarter. Hillsdale Investment Management Inc. now owns 9,554 shares of the footwear maker’s stock worth $898,000 after purchasing an additional 7,655 shares during the period. Finally, Beaumont Financial Advisors LLC increased its stake in NIKE by 2.5% during the first quarter. Beaumont Financial Advisors LLC now owns 10,856 shares of the footwear maker’s stock worth $1,020,000 after purchasing an additional 262 shares during the period. 64.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NKE has been the topic of a number of recent research reports. Truist Financial upgraded shares of NIKE from a “hold” rating to a “buy” rating and boosted their price target for the stock from $83.00 to $97.00 in a research note on Thursday, October 10th. Barclays cut their target price on shares of NIKE from $84.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 2nd. Guggenheim lowered their price target on NIKE from $115.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, October 2nd. Daiwa America downgraded NIKE from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 11th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on NIKE from $95.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, October 2nd. Fourteen investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and an average target price of $96.48.

NIKE Trading Up 1.3 %

Shares of NYSE NKE opened at $76.66 on Friday. The business has a fifty day simple moving average of $80.89 and a 200-day simple moving average of $83.20. The company has a market cap of $114.94 billion, a price-to-earnings ratio of 21.97, a P/E/G ratio of 1.86 and a beta of 1.03. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 12 month low of $70.75 and a 12 month high of $123.39.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.18. The company had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $11.64 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The business’s quarterly revenue was down 10.4% on a year-over-year basis. During the same period last year, the business earned $0.94 EPS. Sell-side analysts predict that NIKE, Inc. will post 2.74 EPS for the current year.

NIKE Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.40 per share. This is a positive change from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, December 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.09%. NIKE’s dividend payout ratio is currently 42.41%.

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.