Legacy Financial Advisors Inc. Has $605,000 Stock Holdings in NIKE, Inc. (NYSE:NKE)

Legacy Financial Advisors Inc. lifted its position in shares of NIKE, Inc. (NYSE:NKE) by 29.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,573 shares of the footwear maker’s stock after acquiring an additional 1,262 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in NIKE were worth $605,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NKE. FMR LLC lifted its holdings in shares of NIKE by 0.7% during the 3rd 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 in the last quarter. Northern Trust Corp lifted its stake in NIKE by 4.5% in the 3rd 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 in the last quarter. Fisher Asset Management LLC grew its stake in shares of NIKE by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 9,887,769 shares of the footwear maker’s stock worth $1,073,515,000 after acquiring an additional 219,091 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings 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 valued at $766,829,000 after purchasing an additional 89,947 shares during the last quarter. Finally, Newport Trust Company LLC bought a new stake in shares of NIKE in the third quarter worth $679,775,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Trading Down 0.3 %

NIKE stock traded down $0.26 during mid-day trading on Friday, reaching $92.15. 5,736,711 shares of the company traded hands, compared to its average volume of 8,740,078. 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 $127.69. The firm’s 50 day moving average price is $95.73 and its 200 day moving average price is $103.05. The firm has a market capitalization of $139.09 billion, a price-to-earnings ratio of 27.10, a P/E/G ratio of 1.78 and a beta of 1.07.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.29. The company had revenue of $12.43 billion for 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, 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 will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.61%. The ex-dividend date is Monday, June 3rd. NIKE’s dividend payout ratio (DPR) is 43.53%.

Analyst Ratings Changes

A number of brokerages have commented on NKE. Sanford C. Bernstein cut their price target on shares of NIKE from $134.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. Stifel Nicolaus lowered their price target on NIKE from $129.00 to $117.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Evercore ISI lowered their target price on NIKE from $127.00 to $117.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Bank of America upgraded NIKE from a “neutral” rating to a “buy” rating and boosted their price target for the company from $110.00 to $113.00 in a research note on Thursday, April 11th. Finally, Truist Financial reiterated a “hold” rating and set a $111.00 price objective on shares of NIKE in a research report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.