Greenleaf Trust Increases Stake in NIKE, Inc. (NYSE:NKE)

Greenleaf Trust raised its stake in shares of NIKE, Inc. (NYSE:NKE) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,528 shares of the footwear maker’s stock after buying an additional 1,355 shares during the quarter. Greenleaf Trust’s holdings in NIKE were worth $12,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in NKE. BCK Partners Inc. purchased a new stake in NIKE during the 1st quarter valued at approximately $2,839,000. Loomis Sayles & Co. L P grew its holdings in shares of NIKE by 138.2% in the first quarter. Loomis Sayles & Co. L P now owns 11,233 shares of the footwear maker’s stock valued at $1,511,000 after purchasing an additional 6,518 shares in the last quarter. Merit Financial Group LLC grew its holdings in shares of NIKE by 13.3% in the first quarter. Merit Financial Group LLC now owns 1,588 shares of the footwear maker’s stock valued at $214,000 after purchasing an additional 186 shares in the last quarter. Bridgewater Associates LP purchased a new position in shares of NIKE in the first quarter valued at $278,000. Finally, Federated Hermes Inc. grew its holdings in shares of NIKE by 9.8% in the first quarter. Federated Hermes Inc. now owns 433,950 shares of the footwear maker’s stock valued at $58,392,000 after purchasing an additional 38,903 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Stock Down 1.3 %

Shares of NKE stock traded down $1.21 on Friday, hitting $94.53. The stock had a trading volume of 11,237,608 shares, compared to its average volume of 9,613,316. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average price of $98.31 and a 200 day moving average price of $103.37. The company has a market cap of $142.68 billion, a PE ratio of 28.12, a P/E/G ratio of 1.83 and a beta of 1.08. NIKE, Inc. has a one year low of $88.66 and a one year high of $128.68.

NIKE (NYSE:NKE) last released its quarterly earnings data 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 firm had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. Research analysts anticipate that NIKE, Inc. will post 3.73 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders 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 annualized dividend and a yield of 1.57%. NIKE’s dividend payout ratio (DPR) is presently 43.53%.

Analyst Ratings Changes

A number of research analysts recently weighed in on NKE shares. Jefferies Financial Group cut their target price on shares of NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a report on Friday, March 22nd. Wells Fargo & Company cut their target price on shares of NIKE from $125.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Barclays cut their target price on shares of NIKE from $142.00 to $114.00 and set an “overweight” rating for the company in a report on Monday, March 25th. Citigroup lowered their price target on NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, March 14th. Finally, Morgan Stanley lowered their price target on NIKE from $124.00 to $116.00 and set an “overweight” rating for the company in a research report on Wednesday, March 27th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.26.

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.