NIKE, Inc. (NYSE:NKE) Shares Purchased by Auxano Advisors LLC

Auxano Advisors LLC boosted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 23.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,939 shares of the footwear maker’s stock after acquiring an additional 2,250 shares during the period. Auxano Advisors LLC’s holdings in NIKE were worth $1,296,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Iron Horse Wealth Management LLC grew its holdings in NIKE by 120.7% in the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 140 shares during the period. Planned Solutions Inc. purchased a new stake in NIKE in the fourth quarter valued at approximately $29,000. Raleigh Capital Management Inc. grew its stake in NIKE by 134.2% during the third quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock worth $36,000 after buying an additional 216 shares during the period. Stephens Consulting LLC grew its stake in NIKE by 160.0% during the third quarter. Stephens Consulting LLC now owns 390 shares of the footwear maker’s stock worth $37,000 after buying an additional 240 shares during the period. Finally, OFI Invest Asset Management purchased a new stake in NIKE during the third quarter worth approximately $37,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

NKE has been the subject of several research reports. Telsey Advisory Group decreased their price objective on shares of NIKE from $140.00 to $120.00 and set an “outperform” rating for the company in a research note on Monday, March 18th. TheStreet downgraded shares of NIKE from a “b” rating to a “c+” rating in a research note on Tuesday, January 9th. Truist Financial restated a “hold” rating and issued a $111.00 target price on shares of NIKE in a research note on Tuesday, March 19th. Piper Sandler decreased their target price on shares of NIKE from $107.00 to $98.00 and set a “neutral” rating for the company in a research note on Friday, March 22nd. Finally, Barclays decreased their target price on shares of NIKE from $142.00 to $114.00 and set an “overweight” rating for the company in a research note on Monday, March 25th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $116.26.

NIKE Stock Down 1.9 %

NYSE NKE traded down $1.80 during trading on Tuesday, reaching $92.26. The company’s stock had a trading volume of 6,473,301 shares, compared to its average volume of 9,338,709. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $139.25 billion, a PE ratio of 27.42, a PEG ratio of 1.82 and a beta of 1.09. The business has a 50-day moving average price of $96.78 and a 200-day moving average price of $103.33. NIKE, Inc. has a 1-year low of $88.66 and a 1-year high of $128.68.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.29. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The company had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. On average, research analysts forecast 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 given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Friday, March 1st. NIKE’s dividend payout ratio is 43.53%.

About NIKE

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.