Claro Advisors LLC lowered its place in shares of NIKE, Inc. (NYSE:NKE – Free Report) by 75.9% within the third quarter, based on the corporate in its most up-to-date Type 13F submitting with the Securities & Trade Fee. The fund owned 3,951 shares of the footwear maker’s inventory after promoting 12,410 shares throughout the interval. Claro Advisors LLC’s holdings in NIKE had been price $349,000 on the finish of the newest reporting interval.
A number of different hedge funds have additionally not too long ago added to or decreased their stakes within the firm. Ascent Wealth Companions LLC lifted its stake in NIKE by 0.4% throughout the first quarter. Ascent Wealth Companions LLC now owns 28,513 shares of the footwear maker’s inventory price $2,680,000 after buying a further 115 shares over the past quarter. Condor Capital Administration boosted its holdings in NIKE by 0.4% throughout the 1st quarter. Condor Capital Administration now owns 26,079 shares of the footwear maker’s inventory valued at $2,451,000 after buying a further 116 shares throughout the interval. Lodestone Wealth Administration LLC boosted its holdings in NIKE by 5.5% throughout the 1st quarter. Lodestone Wealth Administration LLC now owns 2,248 shares of the footwear maker’s inventory valued at $211,000 after buying a further 118 shares throughout the interval. Nvwm LLC boosted its holdings in NIKE by 1.0% throughout the 1st quarter. Nvwm LLC now owns 11,568 shares of the footwear maker’s inventory valued at $1,091,000 after buying a further 120 shares throughout the interval. Lastly, Pitcairn Co. boosted its holdings in NIKE by 0.5% throughout the 1st quarter. Pitcairn Co. now owns 29,067 shares of the footwear maker’s inventory valued at $2,732,000 after buying a further 132 shares throughout the interval. Institutional traders personal 64.25% of the corporate’s inventory.
NIKE Inventory Efficiency
NIKE inventory opened at $82.92 on Friday. The corporate has a fast ratio of 1.58, a present ratio of two.36 and a debt-to-equity ratio of 0.57. The corporate has a market capitalization of $125.16 billion, a P/E ratio of twenty-two.23, a PEG ratio of 1.96 and a beta of 1.02. The inventory’s 50 day shifting common is $82.64 and its 200 day shifting common is $85.28. NIKE, Inc. has a twelve month low of $70.75 and a twelve month excessive of $123.39.
NIKE (NYSE:NKE – Get Free Report) final posted its quarterly earnings outcomes on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.18. The corporate had income of $11.59 billion for the quarter, in comparison with the consensus estimate of $11.64 billion. NIKE had a return on fairness of 39.84% and a internet margin of 10.60%. The agency’s quarterly income was down 10.4% in comparison with the identical quarter final yr. Throughout the identical quarter within the prior yr, the enterprise posted $0.94 EPS. On common, equities analysis analysts predict that NIKE, Inc. will submit 2.8 earnings per share for the present fiscal yr.
NIKE Dividend Announcement
The agency additionally not too long ago introduced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of report on Tuesday, September third had been paid a dividend of $0.37 per share. The ex-dividend date was Tuesday, September third. This represents a $1.48 annualized dividend and a yield of 1.78%. NIKE’s dividend payout ratio is 39.68%.
Insider Shopping for and Promoting at NIKE
In different NIKE information, Chairman Mark G. Parker offered 52,487 shares of the inventory in a transaction on Wednesday, August 14th. The inventory was offered at a median worth of $78.00, for a complete transaction of $4,093,986.00. Following the sale, the chairman now straight owns 1,031,226 shares within the firm, valued at roughly $80,435,628. This commerce represents a 0.00 % lower of their place. The sale was disclosed in a doc filed with the SEC, which is accessible by way of this hyperlink. Firm insiders personal 0.50% of the corporate’s inventory.
Analyst Upgrades and Downgrades
A number of equities analysis analysts not too long ago weighed in on NKE shares. Evercore ISI dropped their goal worth on NIKE from $110.00 to $105.00 and set an “outperform” ranking for the corporate in a report on Wednesday, October 2nd. KeyCorp restated a “sector weight” ranking on shares of NIKE in a report on Friday, June twenty eighth. Wedbush dropped their goal worth on NIKE from $115.00 to $97.00 and set an “outperform” ranking for the corporate in a report on Friday, June twenty eighth. Truist Monetary upgraded NIKE from a “maintain” ranking to a “purchase” ranking and elevated their goal worth for the corporate from $83.00 to $97.00 in a report on Thursday, October tenth. Lastly, TD Cowen upped their worth goal on NIKE from $71.00 to $78.00 and gave the corporate a “maintain” ranking in a analysis report on Wednesday, October 2nd. Fourteen equities analysis analysts have rated the inventory with a maintain ranking and sixteen have assigned a purchase ranking to the corporate’s inventory. Based on MarketBeat, NIKE has a consensus ranking of “Average Purchase” and a median worth goal of $96.56.
Learn Our Newest Analysis Report on NKE
NIKE Firm Profile
NIKE, Inc, along with its subsidiaries, designs, develops, markets, and sells athletic footwear, attire, tools, equipment, and providers worldwide. The corporate offers athletic and informal footwear, attire, and equipment underneath the Jumpman trademark; and informal sneakers, attire, and equipment underneath the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell emblems.
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