Transcend Capital Advisors LLC Acquires 260 Shares of NIKE, Inc. (NYSE:NKE)

Transcend Capital Advisors LLC boosted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,305 shares of the footwear maker’s stock after buying an additional 260 shares during the period. Transcend Capital Advisors LLC’s holdings in NIKE were worth $1,010,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Iron Horse Wealth Management LLC lifted its stake in 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 purchasing an additional 140 shares during the last quarter. Planned Solutions Inc. bought a new stake in NIKE during the fourth quarter worth about $29,000. Raleigh Capital Management Inc. lifted its stake in NIKE by 134.2% during the third quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock worth $36,000 after purchasing an additional 216 shares during the last quarter. Stephens Consulting LLC lifted its stake in NIKE by 160.0% during the third quarter. Stephens Consulting LLC now owns 390 shares of the footwear maker’s stock worth $37,000 after purchasing an additional 240 shares during the last quarter. Finally, OFI Invest Asset Management bought a new stake in NIKE during the third quarter worth about $37,000. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Up 0.2 %

NKE stock opened at $94.12 on Monday. NIKE, Inc. has a fifty-two week low of $88.66 and a fifty-two week high of $128.68. The business’s 50 day moving average price is $96.96 and its two-hundred day moving average price is $103.37. 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 company has a market capitalization of $142.06 billion, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The firm had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.28 billion. As a group, analysts forecast that NIKE, Inc. will post 3.73 earnings per share for the current fiscal year.

NIKE Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NKE shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $100.00 price target (down previously from $110.00) on shares of NIKE in a research note on Friday, March 22nd. Barclays lowered their target price on NIKE from $142.00 to $114.00 and set an “overweight” rating for the company in a research note on Monday, March 25th. Wells Fargo & Company lowered their target price on NIKE from $125.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Williams Trading reissued a “sell” rating and issued a $85.00 target price (down previously from $92.00) on shares of NIKE in a research note on Monday, March 18th. Finally, Piper Sandler lowered their target price on NIKE from $107.00 to $98.00 and set a “neutral” rating for the company in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $116.26.

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.