Sloy Dahl & Holst LLC Purchases 700 Shares of NIKE, Inc. (NYSE:NKE)

Sloy Dahl & Holst LLC lifted its position in NIKE, Inc. (NYSE:NKE) by 17.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,784 shares of the footwear maker’s stock after purchasing an additional 700 shares during the quarter. Sloy Dahl & Holst LLC’s holdings in NIKE were worth $519,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Morgan Stanley increased its stake in NIKE by 26.4% in the fourth quarter. Morgan Stanley now owns 30,720,119 shares of the footwear maker’s stock valued at $3,594,561,000 after acquiring an additional 6,410,744 shares during the last quarter. Alliancebernstein L.P. increased its stake in NIKE by 7.2% in the second 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 last quarter. FMR LLC increased its stake in 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 acquiring an additional 125,746 shares during the last quarter. Moneta Group Investment Advisors LLC increased its stake in NIKE by 139,649.9% in the fourth 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 last quarter. Finally, Northern Trust Corp increased its stake in NIKE by 4.5% in the third 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 last quarter. Institutional investors own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. TD Cowen reissued a “market perform” rating and issued a $104.00 target price (down previously from $129.00) on shares of NIKE in a research note on Friday, December 22nd. Truist Financial reaffirmed a “hold” rating and set a $111.00 price objective on shares of NIKE in a research note on Tuesday, March 19th. UBS Group reduced their price objective on NIKE from $138.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Deutsche Bank Aktiengesellschaft reduced their price objective on NIKE from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Friday, December 22nd. Finally, Piper Sandler reduced their price objective on NIKE from $107.00 to $98.00 and set a “neutral” rating on the stock in a research note on Friday, March 22nd. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $116.26.

NIKE Stock Up 0.3 %

NKE traded up $0.29 on Wednesday, hitting $93.39. The company had a trading volume of 10,388,153 shares, compared to its average volume of 11,716,572. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. NIKE, Inc. has a 52-week low of $88.66 and a 52-week high of $128.68. The stock has a fifty day simple moving average of $98.65 and a 200-day simple moving average of $103.48. The firm has a market capitalization of $140.96 billion, a P/E ratio of 27.46, a P/E/G ratio of 1.80 and a beta of 1.08.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, topping 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 business had revenue of $12.43 billion during the quarter, compared to analyst estimates of $12.28 billion. As a group, equities analysts expect that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Friday, March 1st. NIKE’s dividend payout ratio is 43.53%.

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.