PFG Investments LLC Has $549,000 Stake in NIKE, Inc. (NYSE:NKE)

PFG Investments LLC trimmed its position in shares of NIKE, Inc. (NYSE:NKE) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,059 shares of the footwear maker’s stock after selling 122 shares during the quarter. PFG Investments LLC’s holdings in NIKE were worth $549,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NKE. Financial Freedom LLC bought a new stake in NIKE during the fourth quarter worth $29,000. Impact Partnership Wealth LLC grew its holdings in NIKE by 220.7% during the third quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock worth $25,000 after buying an additional 181 shares in the last quarter. Worth Asset Management LLC bought a new stake in NIKE during the first quarter worth $32,000. Gyon Technologies Capital Management LP bought a new stake in NIKE during the fourth quarter worth $36,000. Finally, VitalStone Financial LLC grew its holdings in NIKE by 61.7% during the second quarter. VitalStone Financial LLC now owns 312 shares of the footwear maker’s stock worth $37,000 after buying an additional 119 shares in the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NKE has been the subject of several recent research reports. Wedbush reiterated an “outperform” rating and set a $115.00 price target on shares of NIKE in a report on Wednesday. Citigroup decreased their price target on NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, March 14th. The Goldman Sachs Group decreased their price target on NIKE from $135.00 to $120.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Oppenheimer downgraded NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 price objective for the company. in a research note on Friday, February 16th. Finally, JPMorgan Chase & Co. reduced their price objective on NIKE from $139.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $116.75.

NIKE Stock Up 1.7 %

NKE stock opened at $94.15 on Thursday. The stock has a fifty day moving average of $101.65 and a 200-day moving average of $103.69. The company has a market capitalization of $143.29 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 1.74 and a beta of 1.10. 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, Inc. has a fifty-two week low of $88.66 and a fifty-two week high of $128.68.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. The business had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. As a group, equities research analysts predict that NIKE, Inc. will post 3.7 earnings per share for the current year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 4th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, March 1st. This represents a $1.48 dividend on an annualized basis and a yield of 1.57%. NIKE’s dividend payout ratio (DPR) is 43.53%.

About NIKE

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.