Lathrop Investment Management Corp Has $11.30 Million Position in NIKE, Inc. (NYSE:NKE)

Lathrop Investment Management Corp reduced its holdings in shares of NIKE, Inc. (NYSE:NKE) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,051 shares of the footwear maker’s stock after selling 227 shares during the period. NIKE accounts for approximately 2.3% of Lathrop Investment Management Corp’s investment portfolio, making the stock its 21st biggest holding. Lathrop Investment Management Corp’s holdings in NIKE were worth $11,297,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NKE. Impact Partnership Wealth LLC boosted its position in shares of NIKE by 220.7% during the 3rd quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock worth $25,000 after purchasing an additional 181 shares in the last quarter. Grimes & Company Inc. boosted its position in shares of NIKE by 15.5% during the 3rd quarter. Grimes & Company Inc. now owns 85,010 shares of the footwear maker’s stock worth $8,129,000 after purchasing an additional 11,408 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its position in NIKE by 12.4% in the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,330 shares of the footwear maker’s stock valued at $1,179,000 after acquiring an additional 1,359 shares in the last quarter. Solidarity Wealth LLC lifted its position in NIKE by 25.3% in the 3rd quarter. Solidarity Wealth LLC now owns 40,578 shares of the footwear maker’s stock valued at $3,893,000 after acquiring an additional 8,201 shares in the last quarter. Finally, Slow Capital Inc. lifted its position in NIKE by 10.3% in the 3rd quarter. Slow Capital Inc. now owns 23,049 shares of the footwear maker’s stock valued at $2,206,000 after acquiring an additional 2,148 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Performance

NIKE stock traded up $0.18 during mid-day trading on Friday, reaching $94.12. The company’s stock had a trading volume of 6,115,744 shares, compared to its average volume of 9,124,711. NIKE, Inc. has a 12-month low of $88.66 and a 12-month high of $128.68. The company has a market capitalization of $142.06 billion, a P/E ratio of 27.68, a PEG ratio of 1.81 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. The firm’s fifty day moving average price is $96.96 and its two-hundred day moving average price is $103.30.

NIKE (NYSE:NKE) last released 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. 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. Sell-side analysts predict that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Friday, March 1st. NIKE’s payout ratio is 43.53%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NKE shares. Barclays dropped their price target on shares of NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a research report on Monday, March 25th. Robert W. Baird dropped their price target on shares of NIKE from $140.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Morgan Stanley dropped their target price on shares of NIKE from $124.00 to $116.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 27th. Wedbush reissued an “outperform” rating and set a $115.00 target price on shares of NIKE in a research report on Wednesday, March 27th. Finally, Stifel Nicolaus dropped their target price on shares of NIKE from $129.00 to $117.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $116.26.

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.