Hodges Capital Management Inc. grew its holdings in NIKE, Inc. (NYSE:NKE) by 129.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,821 shares of the footwear maker’s stock after acquiring an additional 10,057 shares during the period. Hodges Capital Management Inc.’s holdings in NIKE were worth $3,452,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also bought and sold shares of the company. Sound Income Strategies LLC grew its stake in shares of NIKE by 163.8% during the third quarter. Sound Income Strategies LLC now owns 248 shares of the footwear maker’s stock worth $31,000 after purchasing an additional 154 shares in the last quarter. Demars Financial Group LLC acquired a new position in shares of NIKE during the second quarter worth $42,000. U S Global Investors Inc. acquired a new position in shares of NIKE during the second quarter worth $53,000. Perennial Advisors LLC acquired a new position in shares of NIKE during the first quarter worth $30,000. Finally, Campbell Wealth Management acquired a new position in shares of NIKE during the second quarter worth $64,000. Institutional investors and hedge funds own 64.20% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. TheStreet raised shares of NIKE from a “c+” rating to a “b” rating in a research report on Tuesday, September 22nd. BTIG Research boosted their price target on shares of NIKE from $140.00 to $152.00 and gave the company a “buy” rating in a research report on Wednesday, September 23rd. 140166 boosted their price target on shares of NIKE from $150.00 to $160.00 and gave the company a “positive” rating in a research report on Wednesday, September 23rd. Pivotal Research boosted their price target on shares of NIKE from $118.00 to $137.00 and gave the company a “buy” rating in a research report on Thursday, September 17th. Finally, Piper Sandler boosted their price target on shares of NIKE from $148.00 to $153.00 and gave the company an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $137.03.
NYSE NKE opened at $128.00 on Friday. The stock has a market capitalization of $199.67 billion, a P/E ratio of 76.65, a P/E/G ratio of 2.80 and a beta of 0.80. NIKE, Inc. has a 52-week low of $60.00 and a 52-week high of $131.34. The firm has a 50-day moving average price of $120.42 and a 200 day moving average price of $101.42. The company has a quick ratio of 1.77, a current ratio of 2.55 and a debt-to-equity ratio of 1.02.
NIKE (NYSE:NKE) last issued its earnings results on Tuesday, September 22nd. The footwear maker reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.49. NIKE had a net margin of 7.20% and a return on equity of 34.62%. The company had revenue of $10.59 billion for the quarter, compared to analyst estimates of $9.15 billion. During the same period in the prior year, the business posted $0.27 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities research analysts expect that NIKE, Inc. will post 2.78 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Monday, August 31st were given a dividend of $0.245 per share. The ex-dividend date was Friday, August 28th. This represents a $0.98 annualized dividend and a yield of 0.77%. NIKE’s payout ratio is currently 52.97%.
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.
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