Beaumont Financial Advisors LLC Has $1.15 Million Holdings in NIKE, Inc. (NYSE:NKE)

Beaumont Financial Advisors LLC lessened its holdings in shares of NIKE, Inc. (NYSE:NKE) by 74.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,594 shares of the footwear maker’s stock after selling 31,680 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in NIKE were worth $1,150,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Knights of Columbus Asset Advisors LLC increased its position in NIKE by 1.3% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 29,101 shares of the footwear maker’s stock worth $3,159,000 after buying an additional 372 shares during the last quarter. HTLF Bank acquired a new position in shares of NIKE in the fourth quarter valued at approximately $318,000. Lafayette Investments Inc. grew its position in shares of NIKE by 9.1% in the fourth quarter. Lafayette Investments Inc. now owns 21,147 shares of the footwear maker’s stock valued at $2,296,000 after purchasing an additional 1,763 shares during the last quarter. Fidelis Capital Partners LLC grew its position in shares of NIKE by 40.3% in the fourth quarter. Fidelis Capital Partners LLC now owns 11,656 shares of the footwear maker’s stock valued at $1,265,000 after purchasing an additional 3,348 shares during the last quarter. Finally, Calamos Advisors LLC grew its position in shares of NIKE by 6.9% in the fourth quarter. Calamos Advisors LLC now owns 604,858 shares of the footwear maker’s stock valued at $65,669,000 after purchasing an additional 38,999 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on NKE. Robert W. Baird decreased their target price on NIKE from $140.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $100.00 target price (down previously from $110.00) on shares of NIKE in a research report on Friday, March 22nd. Piper Sandler decreased their target price on NIKE from $107.00 to $98.00 and set a “neutral” rating on the stock in a research report on Friday, March 22nd. Truist Financial reaffirmed a “hold” rating and issued a $111.00 target price on shares of NIKE in a research report on Tuesday, March 19th. Finally, TheStreet downgraded NIKE from a “b” rating to a “c+” rating in a research report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, NIKE presently has an average rating of “Moderate Buy” and a consensus target price of $116.26.

NIKE Stock Down 1.3 %

NYSE NKE opened at $94.53 on Friday. The business has a fifty day moving average price of $98.11 and a two-hundred day moving average price of $103.37. 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 fifty-two week low of $88.66 and a fifty-two week high of $128.68. The stock has a market capitalization of $142.68 billion, a PE ratio of 27.80, a PEG ratio of 1.85 and a beta of 1.08.

NIKE (NYSE:NKE) last released 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. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The firm had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.28 billion. Equities analysts expect that NIKE, Inc. will post 3.73 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Friday, March 1st. NIKE’s payout ratio is 43.53%.

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.