Rakuten Securities Inc. Makes New $220,000 Investment in NIKE, Inc. (NYSE:NKE)

Rakuten Securities Inc. acquired a new position in shares of NIKE, Inc. (NYSE:NKE) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 2,030 shares of the footwear maker’s stock, valued at approximately $220,000.

Several other institutional investors have also recently bought and sold shares of the business. Slow Capital Inc. raised its holdings in NIKE by 2.0% during the fourth quarter. Slow Capital Inc. now owns 23,508 shares of the footwear maker’s stock worth $2,557,000 after buying an additional 459 shares during the last quarter. TRUE Private Wealth Advisors raised its holdings in NIKE by 3.5% during the fourth quarter. TRUE Private Wealth Advisors now owns 23,589 shares of the footwear maker’s stock worth $2,561,000 after buying an additional 800 shares during the last quarter. Sloy Dahl & Holst LLC raised its holdings in NIKE by 17.1% during the fourth quarter. Sloy Dahl & Holst LLC now owns 4,784 shares of the footwear maker’s stock worth $519,000 after buying an additional 700 shares during the last quarter. Kiley Juergens Wealth Management LLC raised its holdings in NIKE by 19.1% during the fourth quarter. Kiley Juergens Wealth Management LLC now owns 15,073 shares of the footwear maker’s stock worth $1,636,000 after buying an additional 2,418 shares during the last quarter. Finally, Tyche Wealth Partners LLC acquired a new position in NIKE during the fourth quarter worth $354,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. HSBC lowered their target price on shares of NIKE from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, January 22nd. Stifel Nicolaus lowered their target price on shares of NIKE from $129.00 to $117.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Bank of America upgraded shares of NIKE from a “neutral” rating to a “buy” rating and increased their target price for the company from $110.00 to $113.00 in a report on Thursday, April 11th. Evercore ISI lowered their target price on shares of NIKE from $127.00 to $117.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Finally, Wells Fargo & Company lowered their target price on shares of NIKE from $125.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $116.26.

NIKE Price Performance

Shares of NKE stock traded up $0.29 during trading hours on Wednesday, reaching $93.39. The stock had a trading volume of 10,388,153 shares, compared to its average volume of 11,716,572. The stock’s fifty day simple moving average is $98.65 and its 200 day simple moving average is $103.48. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. NIKE, Inc. has a 12 month low of $88.66 and a 12 month high of $128.68. The firm has a market capitalization of $140.96 billion, a PE ratio of 27.47, a PEG ratio of 1.80 and a beta of 1.08.

NIKE (NYSE:NKE) last announced its earnings results 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. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The business had revenue of $12.43 billion during the quarter, compared to analyst estimates of $12.28 billion. On average, equities research analysts predict that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.58%. The ex-dividend date was Friday, March 1st. NIKE’s dividend payout ratio (DPR) is presently 43.53%.

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.