NIKE, Inc. (NYSE:NKE) Shares Acquired by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. grew its stake in NIKE, Inc. (NYSE:NKE) by 658.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,515 shares of the footwear maker’s stock after purchasing an additional 63,821 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in NIKE were worth $7,981,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. FMR LLC grew its position in shares of NIKE by 0.7% in the third quarter. FMR LLC now owns 18,502,409 shares of the footwear maker’s stock valued at $1,769,200,000 after purchasing an additional 125,746 shares during the period. Northern Trust Corp lifted its stake in shares of NIKE by 4.5% in the third quarter. Northern Trust Corp now owns 15,557,676 shares of the footwear maker’s stock worth $1,487,625,000 after buying an additional 674,198 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of NIKE by 2.3% in the fourth quarter. Fisher Asset Management LLC now owns 9,887,769 shares of the footwear maker’s stock worth $1,073,515,000 after buying an additional 219,091 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of NIKE by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,200,932 shares of the footwear maker’s stock worth $766,829,000 after buying an additional 89,947 shares in the last quarter. Finally, Newport Trust Company LLC purchased a new position in shares of NIKE in the third quarter worth about $679,775,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Down 0.3 %

Shares of NKE stock traded down $0.26 during trading on Friday, reaching $92.15. The company’s stock had a trading volume of 5,736,030 shares, compared to its average volume of 9,280,863. 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 capitalization of $139.09 billion, a price-to-earnings ratio of 27.10, a P/E/G ratio of 1.74 and a beta of 1.07. The stock’s 50-day moving average price is $96.00 and its 200 day moving average price is $103.11. NIKE, Inc. has a 1-year low of $88.66 and a 1-year high of $127.69.

NIKE (NYSE:NKE) last announced its quarterly earnings data 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. The firm had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. On average, research analysts anticipate that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Monday, June 3rd. NIKE’s dividend payout ratio (DPR) is currently 43.53%.

Analyst Ratings Changes

Several research firms have recently weighed in on NKE. Sanford C. Bernstein decreased their price target on shares of NIKE from $134.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Piper Sandler decreased their price target on shares of NIKE from $107.00 to $98.00 and set a “neutral” rating on the stock in a research note on Friday, March 22nd. Robert W. Baird decreased their price target 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. Wells Fargo & Company reduced their target price on shares of NIKE from $125.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Finally, TheStreet downgraded shares of NIKE from a “b” rating to a “c+” rating in a research note on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the stock 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.