CFM Wealth Companions LLC decreased its holdings in shares of NIKE, Inc. (NYSE:NKE – Get Ranking) by 4.0% within the 4th quarter, in accordance with the corporate in its most up-to-date 13F submitting with the Securities and Change Fee (SEC). The agency owned 21,416 shares of the footwear maker’s inventory after promoting 897 shares throughout the quarter. CFM Wealth Companions LLC’s holdings in NIKE had been price $2,506,000 as of its most up-to-date SEC submitting.

The golden catalyst we have been ready for (From Stansberry Analysis)

Different giant buyers have additionally made modifications to their positions within the firm. Vanguard Group Inc. raised its stake in NIKE by 0.9% within the third quarter. Vanguard Group Inc. now owns 108,615,256 shares of the footwear maker’s inventory valued at $9,028,100,000 after shopping for an extra 984,780 shares over the past quarter. State Road Corp raised its stake in NIKE by 1.3% within the third quarter. State Road Corp now owns 55,245,370 shares of the footwear maker’s inventory valued at $4,608,491,000 after buying an extra 682,827 shares over the past quarter. Edgewood Administration LLC raised its stake in NIKE by 4.3% within the third quarter. Edgewood Administration LLC now owns 14,367,995 shares of the footwear maker’s inventory valued at $1,194,268,000 after shopping for an extra 595,267 shares over the past quarter. Authorized & Basic Group Plc raised its stake in NIKE by 0.7% within the 2nd quarter. Authorized & Basic Group Plc now owns 9,278,863 shares of the footwear maker’s inventory valued at $948,301,000 after buying an extra 61,311 shares over the past quarter. Lastly, Fisher Asset Administration LLC raised its stake in NIKE by 2.7% within the third quarter. Fisher Asset Administration LLC now owns 8,768,567 shares of the footwear maker’s inventory valued at $728,843,000 after buying an extra 227,380 shares over the past quarter. 63.20% of the share is owned by institutional buyers and hedge funds.

NIKE shares fell 2.5%

NKE inventory traded down $3.04 throughout noon buying and selling on Monday, hitting $117.67. The corporate had a turnover of two,144,269 shares in comparison with its common quantity of 6,350,045. The corporate has a debt ratio of 0.61, a fast ratio of 1.78 and a present ratio of two.73. The corporate has a market cap of $182.45 billion, a price-to-earnings ratio of 34.79, a price-to-earnings-growth ratio of three.54 and a beta of 1.10. The agency has a 50 day easy shifting common of $123.12 and a 200 day easy shifting common of $110.49. NIKE, Inc. has a 52 week low of $82.22 and a 52 week excessive of $139.86.

NIKE (NYSE:NKE – Get Ranking ) final posted its quarterly earnings outcomes on Tuesday, March twenty first. The footwear maker reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.24. The corporate had income of $12.40 billion for the quarter, in comparison with analyst estimates of $11.48 billion. NIKE had a return on fairness of 35.98% and a internet margin of 10.82%. NIKE’s income for the quarter was up 13.8% in comparison with the identical quarter final yr. In the identical quarter final yr, the corporate earned $0.87 EPS. Analysts predict that NIKE, Inc. will ship 3.22 earnings per share for the present monetary yr.

NIKE declares dividend

The corporate additionally just lately declared a quarterly dividend, which might be paid on Monday, April third. Stockholders of document on Monday, March sixth might be paid a $0.34 dividend. This represents an annualized dividend of $1.36 and a yield of 1.16%. The ex-dividend date for this dividend is Friday, March third. NIKE’s dividend yield is presently 39.19%.

Insider shopping for and promoting at NIKE

In associated information, Director Peter B. Henry purchased 557 shares of NIKE inventory in a transaction on Tuesday, February seventh. The shares had been bought at a median worth of $125.45 per share, with a complete worth of $69,875.65. Following the transaction, the director now immediately owns 4,062 shares of the corporate’s inventory, valued at $509,577.90. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is on the market via the SEC web site. In different NIKE information, Director Peter B. Henry bought 557 shares of the corporate’s inventory in a transaction dated Tuesday, February seventh. The shares had been acquired at a median worth of $125.45 per share, with a complete worth of $69,875.65. Following the transaction, the director now owns 4,062 shares of the corporate’s inventory, valued at $509,577.90. The acquisition was disclosed in a submitting with the SEC, which is on the market through this hyperlink. Additionally, EVP Monique S. Matheson offered 5,000 shares of the agency’s inventory in a transaction dated Friday, January sixth. The inventory was offered at a median worth of $124.00, for a complete worth of $620,000.00. Following the sale, the chief vice chairman now immediately owns 60,213 shares within the firm, valued at roughly USD 7,466,412. The details about this sale may be discovered right here. 0.40% of the inventory is owned by firm insiders.

Wall Road analysts anticipate development

A number of analysis analysts just lately commented on the corporate. Cowen boosted their worth goal on NIKE from $131.00 to $141.00 in a analysis word on Tuesday, January tenth. Robert W. Baird boosted their goal worth on NIKE from $130.00 to $138.00 and gave the inventory an “outperform” ranking in a analysis word on Wednesday, March twenty second. BMO Capital Markets boosted their goal worth on NIKE from $110.00 to $120.00 and gave the inventory an “outperform” ranking in a analysis word on Wednesday, December twenty first. Credit score Suisse Group boosted their goal worth on NIKE from $132.00 to $139.00 and gave the inventory an “outperform” ranking in a analysis word on Wednesday, March twenty second. Lastly, Financial institution of America boosted their goal worth on NIKE from $112.00 to $120.00 in a analysis word on Wednesday, December twenty first. One analysis analyst has rated the inventory with a promote ranking, twelve have issued a maintain ranking and twenty-two have assigned a purchase ranking to the corporate. In keeping with MarketBeat.com information, the corporate presently has a median ranking of “Reasonable Purchase” and a median goal worth of $135.07.

NIKE profile

(Get ranking)

NIKE, Inc is engaged within the design, growth, advertising and marketing and sale of athletic footwear, attire, equipment, tools and providers. It operates via the next segments: North America, Europe, Center East and Africa, Larger China, Asia Pacific and Latin America, World Model Divisions, Converse and Company.

Learn extra

Wish to see what different hedge funds have NKE? Go to HoldingsChannel.com for the newest 13F filings and insider trades for NIKE, Inc. (NYSE:NKE – Get Ranking).

This on the spot information alert was generated by narrative science know-how and monetary information from MarketBeat to supply readers with the quickest and most correct reporting. This story was reviewed by MarketBeat editorial workers previous to publication. Please ship questions or feedback about this story to contact@marketbeat.com.

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