NIKE, Inc. (NYSE:NKE) Stock Holdings Lifted by Metis Global Partners LLC

Metis Global Partners LLC raised its stake in NIKE, Inc. (NYSE:NKE) by 15.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,830 shares of the footwear maker’s stock after buying an additional 7,915 shares during the period. Metis Global Partners LLC’s holdings in NIKE were worth $6,496,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. FMR LLC increased its holdings in shares of 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 buying an additional 125,746 shares in the last quarter. Northern Trust Corp raised its stake in NIKE by 4.5% during 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 purchasing an additional 674,198 shares during the period. Fisher Asset Management LLC raised its stake in NIKE by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 9,887,769 shares of the footwear maker’s stock valued at $1,073,515,000 after purchasing an additional 219,091 shares during the period. Charles Schwab Investment Management Inc. raised its stake in NIKE by 1.1% during the 3rd 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 period. Finally, Newport Trust Company LLC acquired a new stake in NIKE during the 3rd quarter valued at $679,775,000. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Performance

Shares of NYSE:NKE traded down $0.26 during midday trading on Friday, hitting $92.15. The company’s stock had a trading volume of 5,736,711 shares, compared to its average volume of 8,740,078. The stock has a market capitalization of $139.09 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 1.78 and a beta of 1.07. The stock’s 50 day simple moving average is $95.73 and its 200 day simple moving average is $103.04. NIKE, Inc. has a fifty-two week low of $88.66 and a fifty-two week high of $127.69. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74.

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

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Monday, June 3rd. NIKE’s payout ratio is presently 43.53%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Telsey Advisory Group cut their target price on shares of NIKE from $140.00 to $120.00 and set an “outperform” rating on the stock in a research note on Monday, March 18th. Piper Sandler cut their target price on shares of NIKE from $107.00 to $98.00 and set a “neutral” rating on the stock in a research note on Friday, March 22nd. UBS Group cut 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. Barclays cut their target price on shares of NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a research note on Monday, March 25th. Finally, The Goldman Sachs Group lowered their price target on shares of NIKE from $135.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Two research 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 MarketBeat, NIKE presently has an average rating of “Moderate Buy” and a consensus target price 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.