U.S. Capital Wealth Advisors LLC Acquires 87,656 Shares of NIKE, Inc. (NYSE:NKE)

U.S. Capital Wealth Advisors LLC lifted its position in NIKE, Inc. (NYSE:NKE) by 213.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,700 shares of the footwear maker’s stock after purchasing an additional 87,656 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in NIKE were worth $8,170,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Heck Capital Advisors LLC acquired a new stake in shares of NIKE in the fourth quarter valued at $28,000. LFA Lugano Financial Advisors SA increased its stake in shares of NIKE by 110.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock valued at $30,000 after acquiring an additional 210 shares during the last quarter. Hopwood Financial Services Inc. bought a new stake in NIKE during the 4th quarter worth approximately $30,000. EnRich Financial Partners LLC increased its stake in NIKE by 196.4% during the 4th quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker’s stock worth $31,000 after purchasing an additional 273 shares in the last quarter. Finally, Roxbury Financial LLC increased its stake in NIKE by 52.1% during the 1st quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker’s stock worth $37,000 after purchasing an additional 201 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Price Performance

Shares of NIKE stock opened at $76.28 on Monday. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $90.62. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50. The stock has a market capitalization of $112.83 billion, a P/E ratio of 35.31, a PEG ratio of 2.77 and a beta of 1.25. The business has a 50 day simple moving average of $62.36 and a two-hundred day simple moving average of $67.35.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.69 billion. NIKE had a return on equity of 23.33% and a net margin of 6.95%. The company’s quarterly revenue was down 11.9% on a year-over-year basis. During the same period last year, the business posted $0.99 earnings per share. As a group, analysts predict that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Monday, June 2nd. NIKE’s dividend payout ratio (DPR) is currently 74.07%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NKE. Truist Financial cut their price objective on NIKE from $82.00 to $73.00 and set a “buy” rating for the company in a report on Tuesday, June 24th. China Renaissance initiated coverage on shares of NIKE in a research report on Wednesday, March 19th. They issued a “hold” rating for the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of NIKE in a research report on Friday, May 23rd. Wall Street Zen downgraded NIKE from a “hold” rating to a “sell” rating in a research note on Friday, June 27th. Finally, Robert W. Baird boosted their target price on NIKE from $80.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, June 27th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.19.

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.