Schwarz Dygos Wheeler Investment Advisors LLC Sells 322 Shares of NIKE, Inc. (NYSE:NKE)

Schwarz Dygos Wheeler Investment Advisors LLC reduced its position in shares of NIKE, Inc. (NYSE:NKE) by 13.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,138 shares of the footwear maker’s stock after selling 322 shares during the quarter. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in NIKE were worth $232,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Newport Trust Company LLC purchased a new stake in shares of NIKE in the 3rd quarter worth about $679,775,000. Flossbach Von Storch AG grew its position in shares of NIKE by 433.5% in the 3rd quarter. Flossbach Von Storch AG now owns 4,128,587 shares of the footwear maker’s stock worth $394,775,000 after buying an additional 3,354,677 shares during the period. Van ECK Associates Corp grew its position in shares of NIKE by 117.0% in the 3rd quarter. Van ECK Associates Corp now owns 2,986,441 shares of the footwear maker’s stock worth $285,564,000 after buying an additional 1,610,273 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of NIKE by 37.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,791,531 shares of the footwear maker’s stock worth $553,786,000 after buying an additional 1,583,541 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of NIKE in the 3rd quarter worth about $97,724,000. 64.25% of the stock is currently owned by institutional investors.

NIKE Stock Up 0.2 %

NIKE stock traded up $0.18 during trading hours on Friday, reaching $94.12. The stock had a trading volume of 6,115,744 shares, compared to its average volume of 9,124,711. NIKE, Inc. has a 52 week low of $88.66 and a 52 week high of $128.68. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. The company has a market cap of $142.06 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 1.81 and a beta of 1.08. The business’s 50 day moving average price is $96.96 and its 200-day moving average price is $103.30.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.29. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The firm had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.28 billion. Sell-side analysts anticipate that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were issued a $0.37 dividend. The ex-dividend date 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%.

Wall Street Analyst Weigh In

NKE has been the topic of several recent analyst reports. TheStreet downgraded shares of NIKE from a “b” rating to a “c+” rating in a research report on Tuesday, January 9th. Robert W. Baird lowered their target price on shares of NIKE from $140.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Morgan Stanley lowered their target price on shares of NIKE from $124.00 to $116.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 27th. Truist Financial restated a “hold” rating and set a $111.00 target price on shares of NIKE in a research note on Tuesday, March 19th. Finally, Telsey Advisory Group lowered their target price on shares of NIKE from $140.00 to $120.00 and set an “outperform” rating on the stock in a research note on Monday, March 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $116.26.

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.