WoodTrust Financial Corp Purchases 1,148 Shares of NIKE, Inc. (NYSE:NKE)

WoodTrust Financial Corp raised its stake in NIKE, Inc. (NYSE:NKEFree Report) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,070 shares of the footwear maker’s stock after buying an additional 1,148 shares during the period. NIKE comprises about 1.3% of WoodTrust Financial Corp’s investment portfolio, making the stock its 23rd biggest position. WoodTrust Financial Corp’s holdings in NIKE were worth $7,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. BCK Partners Inc. purchased a new stake in shares of NIKE in the 1st quarter valued at $2,839,000. Loomis Sayles & Co. L P increased its stake in NIKE by 138.2% during the 1st quarter. Loomis Sayles & Co. L P now owns 11,233 shares of the footwear maker’s stock valued at $1,511,000 after purchasing an additional 6,518 shares in the last quarter. Merit Financial Group LLC increased its stake in NIKE by 13.3% during the 1st quarter. Merit Financial Group LLC now owns 1,588 shares of the footwear maker’s stock valued at $214,000 after purchasing an additional 186 shares in the last quarter. Bridgewater Associates LP bought a new stake in NIKE during the 1st quarter valued at about $278,000. Finally, Federated Hermes Inc. grew its stake in shares of NIKE by 9.8% in the first quarter. Federated Hermes Inc. now owns 433,950 shares of the footwear maker’s stock worth $58,392,000 after acquiring an additional 38,903 shares during the period. Institutional investors own 64.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NKE. Morgan Stanley dropped their price target on shares of NIKE from $124.00 to $116.00 and set an “overweight” rating for the company in a research report on Wednesday, March 27th. Sanford C. Bernstein cut their price objective on NIKE from $134.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. UBS Group lowered their target price on NIKE from $138.00 to $125.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Raymond James upped their price objective on NIKE from $121.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 19th. Finally, TD Cowen reaffirmed a “market perform” rating and set a $104.00 target price (down from $129.00) on shares of NIKE in a research report on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, NIKE has a consensus rating of “Moderate Buy” and a consensus target price of $116.52.

View Our Latest Stock Analysis on NIKE

NIKE Stock Down 0.0 %

NIKE stock traded down $0.01 during mid-day trading on Wednesday, hitting $90.94. The company’s stock had a trading volume of 4,787,741 shares, compared to its average volume of 9,393,896. The firm’s 50 day moving average is $100.85 and its 200 day moving average is $103.57. The company has a market cap of $138.40 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 1.73 and a beta of 1.08. 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, Inc. has a 52-week low of $88.66 and a 52-week high of $128.68.

NIKE (NYSE:NKEGet Free Report) last issued its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.29. The company had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. On average, analysts anticipate that NIKE, Inc. will post 3.71 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.48 annualized dividend and a yield of 1.63%. NIKE’s payout ratio is 43.53%.

NIKE Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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