NIKE, Inc. (NYSE:NKE) Shares Acquired by Xponance Inc.

Xponance Inc. lifted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 224,809 shares of the footwear maker’s stock after acquiring an additional 2,765 shares during the quarter. Xponance Inc.’s holdings in NIKE were worth $24,408,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Morgan Stanley grew its holdings in shares of NIKE by 26.4% during the 4th quarter. Morgan Stanley now owns 30,720,119 shares of the footwear maker’s stock worth $3,594,561,000 after purchasing an additional 6,410,744 shares during the period. Alliancebernstein L.P. boosted its holdings in NIKE by 7.2% during the 2nd quarter. Alliancebernstein L.P. now owns 22,371,886 shares of the footwear maker’s stock valued at $2,469,185,000 after acquiring an additional 1,493,704 shares during the period. FMR LLC boosted its holdings in NIKE by 0.7% during the 3rd quarter. FMR LLC now owns 18,502,409 shares of the footwear maker’s stock valued at $1,769,200,000 after acquiring an additional 125,746 shares during the period. Moneta Group Investment Advisors LLC boosted its holdings in NIKE by 139,649.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,813,307 shares of the footwear maker’s stock valued at $1,967,325,000 after acquiring an additional 16,801,276 shares during the period. Finally, Northern Trust Corp boosted its holdings in NIKE by 4.5% during the 3rd quarter. Northern Trust Corp now owns 15,557,676 shares of the footwear maker’s stock valued at $1,487,625,000 after acquiring an additional 674,198 shares during the period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Price Performance

Shares of NIKE stock traded up $0.90 during trading on Thursday, reaching $95.74. The company’s stock had a trading volume of 9,619,736 shares, compared to its average volume of 9,551,882. The company has a quick ratio of 1.89, a current ratio of 2.74 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 company has a market capitalization of $144.51 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 1.80 and a beta of 1.08. The business has a 50 day moving average price of $98.47 and a 200-day moving average price of $103.42.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $12.28 billion. As a group, sell-side analysts anticipate that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid 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 1.55%. NIKE’s dividend payout ratio (DPR) is presently 43.53%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Jefferies Financial Group lowered their target price on NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a report on Friday, March 22nd. Wedbush restated an “outperform” rating and set a $115.00 target price on shares of NIKE in a report on Wednesday, March 27th. TD Cowen restated a “market perform” rating and set a $104.00 target price (down from $129.00) on shares of NIKE in a report on Friday, December 22nd. JPMorgan Chase & Co. decreased their price objective on NIKE from $139.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, December 22nd. Finally, Robert W. Baird decreased their price objective on NIKE from $140.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.26.

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.