NIKE, Inc. (NYSE:NKE) Stock Holdings Lifted by William Allan Corp

William Allan Corp lifted its stake in shares of NIKE, Inc. (NYSE:NKE) by 10.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,681 shares of the footwear maker’s stock after acquiring an additional 3,911 shares during the quarter. NIKE accounts for 2.3% of William Allan Corp’s portfolio, making the stock its 20th largest holding. William Allan Corp’s holdings in NIKE were worth $3,773,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Rockefeller Capital Management L.P. boosted its holdings in shares of NIKE by 0.8% in the third quarter. Rockefeller Capital Management L.P. now owns 509,831 shares of the footwear maker’s stock worth $45,074,000 after buying an additional 4,131 shares during the period. Carl P. Sherr & Co. LLC grew its position in NIKE by 101.8% during the 3rd quarter. Carl P. Sherr & Co. LLC now owns 20,112 shares of the footwear maker’s stock worth $1,778,000 after purchasing an additional 10,147 shares in the last quarter. Teachers Insurance & Annuity Association of America purchased a new position in NIKE during the 3rd quarter worth approximately $30,000. Public Sector Pension Investment Board raised its stake in NIKE by 9.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 51,000 shares of the footwear maker’s stock valued at $4,508,000 after purchasing an additional 4,500 shares during the period. Finally, Noesis Capital Mangement Corp lifted its holdings in shares of NIKE by 6.2% in the third quarter. Noesis Capital Mangement Corp now owns 132,238 shares of the footwear maker’s stock valued at $11,690,000 after purchasing an additional 7,749 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Stock Performance

NYSE NKE opened at $78.34 on Friday. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.57. The firm’s fifty day moving average price is $80.34 and its two-hundred day moving average price is $82.27. NIKE, Inc. has a 1 year low of $70.75 and a 1 year high of $123.39. The firm has a market capitalization of $117.46 billion, a P/E ratio of 22.45, a price-to-earnings-growth ratio of 1.90 and a beta of 1.03.

NIKE (NYSE:NKE) last issued its quarterly earnings data 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. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The business had revenue of $11.59 billion during the quarter, compared to analysts’ expectations of $11.64 billion. During the same quarter in the previous year, the company earned $0.94 EPS. The business’s revenue was down 10.4% on a year-over-year basis. As a group, research analysts anticipate that NIKE, Inc. will post 2.75 EPS for the current year.

NIKE Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be given a $0.40 dividend. This is a boost from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 2.04%. The ex-dividend date is Monday, December 2nd. NIKE’s dividend payout ratio is 42.41%.

Wall Street Analysts Forecast Growth

NKE has been the subject of several research analyst reports. Piper Sandler reissued a “neutral” rating and issued a $80.00 price objective on shares of NIKE in a research note on Friday, September 20th. Needham & Company LLC started coverage on shares of NIKE in a research report on Friday, November 22nd. They set a “buy” rating and a $84.00 price objective on the stock. Sanford C. Bernstein cut their target price on shares of NIKE from $112.00 to $109.00 and set an “outperform” rating for the company in a research report on Thursday, September 19th. TD Cowen lowered their price target on shares of NIKE from $78.00 to $73.00 and set a “hold” rating on the stock in a report on Monday, November 18th. Finally, Stifel Nicolaus dropped their price target on shares of NIKE from $88.00 to $79.00 and set a “hold” rating on the stock in a research note on Monday, August 26th. Fourteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $95.86.

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.