Franklin Street Advisors Inc. NC Boosts Stock Holdings in NIKE, Inc. (NYSE:NKE)

Franklin Street Advisors Inc. NC grew its position in NIKE, Inc. (NYSE:NKE) by 55.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 194,164 shares of the footwear maker’s stock after buying an additional 69,363 shares during the quarter. NIKE makes up about 1.7% of Franklin Street Advisors Inc. NC’s portfolio, making the stock its 21st largest holding. Franklin Street Advisors Inc. NC’s holdings in NIKE were worth $21,080,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Impact Partnership Wealth LLC lifted its stake in NIKE by 220.7% during the third quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock worth $25,000 after purchasing an additional 181 shares in the last quarter. Planned Solutions Inc. acquired a new position in NIKE in the 4th quarter valued at about $29,000. Financial Freedom LLC purchased a new stake in NIKE during the fourth quarter worth about $29,000. Worth Asset Management LLC purchased a new stake in NIKE during the 1st quarter worth approximately $32,000. Finally, Raleigh Capital Management Inc. lifted its holdings in NIKE by 134.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock worth $36,000 after buying an additional 216 shares in the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Stock Performance

NIKE stock opened at $93.98 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. The stock’s 50-day moving average is $101.52 and its 200-day moving average is $103.63. The company has a market cap of $143.03 billion, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 1.76 and a beta of 1.10. NIKE, Inc. has a 12 month low of $88.66 and a 12 month high of $128.68.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.69 by $0.29. The business had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. Equities analysts anticipate that NIKE, Inc. will post 3.72 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 4th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, March 1st. This represents a $1.48 annualized dividend and a yield of 1.57%. NIKE’s payout ratio is 43.53%.

Wall Street Analysts Forecast Growth

NKE has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on NIKE from $139.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, December 22nd. Deutsche Bank Aktiengesellschaft reduced their price target on NIKE from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Friday, December 22nd. Evercore ISI reduced their target price on shares of NIKE from $127.00 to $117.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Morgan Stanley reduced their price objective on shares of NIKE from $124.00 to $116.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Raymond James boosted their target price on shares of NIKE from $121.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.52.

NIKE Company 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.