Delta Financial Advisors LLC Sells 354 Shares of NIKE, Inc. (NYSE:NKE)

Delta Financial Advisors LLC lessened its holdings in NIKE, Inc. (NYSE:NKE) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,538 shares of the footwear maker’s stock after selling 354 shares during the quarter. NIKE accounts for approximately 1.6% of Delta Financial Advisors LLC’s holdings, making the stock its 15th biggest holding. Delta Financial Advisors LLC’s holdings in NIKE were worth $3,641,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Freedom LLC bought a new stake in NIKE in the 4th quarter valued at $29,000. Iron Horse Wealth Management LLC increased its holdings in NIKE by 120.7% in the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after buying an additional 140 shares during the period. Impact Partnership Wealth LLC increased its holdings in NIKE by 220.7% in the 3rd quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock valued at $25,000 after buying an additional 181 shares during the period. Planned Solutions Inc. acquired a new stake in shares of NIKE in the 4th quarter valued at $29,000. Finally, Worth Asset Management LLC acquired a new stake in shares of NIKE in the 1st quarter valued at $32,000. Institutional investors own 64.25% of the company’s stock.

NIKE Trading Up 0.3 %

Shares of NKE stock traded up $0.31 on Thursday, reaching $95.15. The company had a trading volume of 2,993,176 shares, compared to its average volume of 9,494,005. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. The stock has a market cap of $143.62 billion, a PE ratio of 27.89, a PEG ratio of 1.80 and a beta of 1.08. The company has a 50-day moving average of $98.47 and a 200-day moving average of $103.42. NIKE, Inc. has a 12 month low of $88.66 and a 12 month high of $128.68.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.29. The company had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. On average, equities analysts forecast that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, March 1st. NIKE’s payout ratio is presently 43.53%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on NKE shares. Royal Bank of Canada restated a “sector perform” rating and issued a $100.00 target price (down previously from $110.00) on shares of NIKE in a research note on Friday, March 22nd. UBS Group reduced their target price on shares of NIKE from $138.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Truist Financial restated a “hold” rating and issued a $111.00 target price on shares of NIKE in a research note on Tuesday, March 19th. Evercore ISI reduced their target price on shares of NIKE from $127.00 to $117.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Finally, BMO Capital Markets upped their price target on shares of NIKE from $110.00 to $118.00 and gave the stock an “outperform” rating in a research report on Friday, December 22nd. 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 company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.