Everett Harris & Co. CA Increases Holdings in NIKE, Inc. (NYSE:NKE)

Everett Harris & Co. CA grew its position in shares of NIKE, Inc. (NYSE:NKE) by 0.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,081,507 shares of the footwear maker’s stock after acquiring an additional 901 shares during the period. NIKE comprises about 1.7% of Everett Harris & Co. CA’s holdings, making the stock its 13th largest holding. Everett Harris & Co. CA owned about 0.07% of NIKE worth $117,419,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NKE. Moneta Group Investment Advisors LLC grew its stake in shares of NIKE by 139,649.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,813,307 shares of the footwear maker’s stock worth $1,967,325,000 after buying an additional 16,801,276 shares during the last quarter. Norges Bank purchased a new stake in shares of NIKE in the 4th quarter worth approximately $1,345,203,000. Newport Trust Company LLC purchased a new stake in shares of NIKE in the 3rd quarter worth approximately $679,775,000. Morgan Stanley grew its stake in shares of NIKE by 26.4% in the 4th quarter. Morgan Stanley now owns 30,720,119 shares of the footwear maker’s stock worth $3,594,561,000 after buying an additional 6,410,744 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of NIKE by 6.8% in the 2nd quarter. BlackRock Inc. now owns 92,826,102 shares of the footwear maker’s stock worth $10,245,217,000 after buying an additional 5,917,963 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on NKE. HSBC lowered their price objective on NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, January 22nd. Bank of America lowered their price objective on NIKE from $125.00 to $120.00 and set a “neutral” rating on the stock in a research report on Monday, March 18th. Wells Fargo & Company lowered their price target on NIKE from $125.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. UBS Group lowered their price target on NIKE from $138.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Finally, Truist Financial reissued a “hold” rating and set a $111.00 price target on shares of NIKE in a report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.75.

NIKE Trading Up 1.7 %

Shares of NYSE NKE traded up $1.57 during trading hours on Wednesday, reaching $94.15. The stock had a trading volume of 11,092,059 shares, compared to its average volume of 9,397,063. 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 firm has a market cap of $143.29 billion, a price-to-earnings ratio of 27.69, a P/E/G ratio of 1.78 and a beta of 1.10. The business’s fifty day moving average price is $101.65 and its two-hundred day moving average price is $103.69. NIKE, Inc. has a 52-week low of $88.66 and a 52-week high of $128.68.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.29. The firm had revenue of $12.43 billion during the quarter, compared to analyst estimates of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. Analysts expect that NIKE, Inc. will post 3.65 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 4th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Friday, March 1st. NIKE’s dividend payout ratio (DPR) 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.