Delta Financial Advisors LLC Sells 354 Shares of NIKE, Inc. (NYSE:NKE)

Delta Financial Advisors LLC decreased its position in shares of NIKE, Inc. (NYSE:NKE) by 1.0% in the 4th quarter, HoldingsChannel reports. The fund owned 33,538 shares of the footwear maker’s stock after selling 354 shares during the period. NIKE makes up about 1.6% of Delta Financial Advisors LLC’s holdings, making the stock its 15th biggest holding. Delta Financial Advisors LLC’s holdings in NIKE were worth $3,641,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BCK Partners Inc. bought a new stake in NIKE during the first quarter worth $2,839,000. Loomis Sayles & Co. L P grew its holdings in NIKE by 138.2% during the first quarter. Loomis Sayles & Co. L P now owns 11,233 shares of the footwear maker’s stock worth $1,511,000 after buying an additional 6,518 shares in the last quarter. Merit Financial Group LLC grew its holdings in NIKE by 13.3% during the first quarter. Merit Financial Group LLC now owns 1,588 shares of the footwear maker’s stock worth $214,000 after buying an additional 186 shares in the last quarter. Bridgewater Associates LP bought a new stake in NIKE during the first quarter worth $278,000. Finally, Federated Hermes Inc. grew its holdings in NIKE by 9.8% during the first quarter. Federated Hermes Inc. now owns 433,950 shares of the footwear maker’s stock worth $58,392,000 after buying an additional 38,903 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on NKE. BMO Capital Markets upped their price target on NIKE from $110.00 to $118.00 and gave the stock an “outperform” rating in a report on Friday, December 22nd. Telsey Advisory Group decreased their price target on NIKE from $140.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, March 18th. Piper Sandler decreased their price target on NIKE from $107.00 to $98.00 and set a “neutral” rating for the company in a report on Friday, March 22nd. The Goldman Sachs Group decreased their price objective on NIKE from $135.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Finally, Stifel Nicolaus decreased their target price on NIKE from $129.00 to $117.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, NIKE currently has an average rating of “Moderate Buy” and an average price target of $116.26.

NIKE Trading Up 0.3 %

NKE stock traded up $0.31 during trading on Thursday, hitting $95.15. 2,993,176 shares of the company traded hands, compared to its average volume of 9,494,005. The firm has a market capitalization of $143.62 billion, a PE ratio of 27.89, a P/E/G ratio of 1.80 and a beta of 1.08. NIKE, Inc. has a 1 year low of $88.66 and a 1 year high of $128.68. The company has a 50-day moving average of $98.47 and a 200-day moving average of $103.42. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.29. The company 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%. Analysts predict that NIKE, Inc. will post 3.73 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.56%. NIKE’s dividend payout ratio is currently 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.