Bryn Mawr Capital Management LLC Has $5.64 Million Holdings in NIKE, Inc. (NYSE:NKE)

Bryn Mawr Capital Management LLC cut its holdings in shares of NIKE, Inc. (NYSE:NKE) by 7.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 51,989 shares of the footwear maker’s stock after selling 4,085 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in NIKE were worth $5,644,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Iron Horse Wealth Management LLC lifted its holdings in shares of NIKE by 120.7% during the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after buying an additional 140 shares during the last quarter. Impact Partnership Wealth LLC lifted its holdings in shares of 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 during the last quarter. Planned Solutions Inc. acquired a new position in shares of NIKE during the fourth quarter worth approximately $29,000. Mizuho Securities Co. Ltd. lifted its holdings in shares of NIKE by 100.0% during the fourth quarter. Mizuho Securities Co. Ltd. now owns 340 shares of the footwear maker’s stock worth $37,000 after buying an additional 170 shares during the last quarter. Finally, NewSquare Capital LLC lifted its holdings in shares of NIKE by 372.0% during the fourth quarter. NewSquare Capital LLC now owns 354 shares of the footwear maker’s stock worth $38,000 after buying an additional 279 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NKE has been the subject of a number of recent research reports. Truist Financial restated a “hold” rating and issued a $111.00 target price on shares of NIKE in a research note on Tuesday, March 19th. Stifel Nicolaus cut their target price on NIKE from $129.00 to $117.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. TheStreet lowered NIKE from a “b” rating to a “c+” rating in a research note on Tuesday, January 9th. Citigroup cut their target price on NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. Finally, Bank of America upgraded NIKE from a “neutral” rating to a “buy” rating and upped their target price for the company from $110.00 to $113.00 in a research note on Thursday, April 11th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.26.

NIKE Price Performance

Shares of NKE stock opened at $94.11 on Friday. The stock’s fifty day moving average is $96.96 and its 200-day moving average is $103.30. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. The stock has a market capitalization of $142.05 billion, a PE ratio of 27.68, a PEG ratio of 1.81 and a beta of 1.08. NIKE, Inc. has a 52 week low of $88.66 and a 52 week high of $128.68.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.69 by $0.29. The company 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%. Equities research analysts expect that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Friday, March 1st. NIKE’s dividend payout ratio is 43.53%.

NIKE 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.