Planning Directions Inc. Makes New $212,000 Investment in NIKE, Inc. (NYSE:NKE)

Planning Directions Inc. acquired a new position in shares of NIKE, Inc. (NYSE:NKE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,957 shares of the footwear maker’s stock, valued at approximately $212,000.

Several other hedge funds have also recently bought and sold shares of the stock. Morgan Stanley raised its position in shares of NIKE by 26.4% in the fourth quarter. Morgan Stanley now owns 30,720,119 shares of the footwear maker’s stock valued at $3,594,561,000 after buying an additional 6,410,744 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of NIKE by 7.2% in the second quarter. Alliancebernstein L.P. now owns 22,371,886 shares of the footwear maker’s stock valued at $2,469,185,000 after buying an additional 1,493,704 shares in the last quarter. FMR LLC raised its position in shares of NIKE by 0.7% in the third quarter. FMR LLC now owns 18,502,409 shares of the footwear maker’s stock valued at $1,769,200,000 after buying an additional 125,746 shares in the last quarter. Moneta Group Investment Advisors LLC raised its position in shares of NIKE by 139,649.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,813,307 shares of the footwear maker’s stock valued at $1,967,325,000 after buying an additional 16,801,276 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of NIKE by 4.5% in the third quarter. Northern Trust Corp now owns 15,557,676 shares of the footwear maker’s stock valued at $1,487,625,000 after buying an additional 674,198 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Stock Down 1.3 %

Shares of NKE traded down $1.21 on Friday, reaching $94.53. The company’s stock had a trading volume of 11,241,901 shares, compared to its average volume of 11,692,355. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. NIKE, Inc. has a twelve month low of $88.66 and a twelve month high of $128.68. The stock has a market capitalization of $142.68 billion, a PE ratio of 27.80, a PEG ratio of 1.85 and a beta of 1.08. The firm has a fifty day moving average of $98.11 and a 200-day moving average of $103.37.

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. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The business had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. Equities analysts predict that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NKE shares. Truist Financial reiterated a “hold” rating and issued a $111.00 price target on shares of NIKE in a research report on Tuesday, March 19th. Williams Trading restated a “sell” rating and set a $85.00 price objective (down from $92.00) on shares of NIKE in a research report on Monday, March 18th. TD Cowen restated a “market perform” rating and set a $104.00 price objective (down from $129.00) on shares of NIKE in a research report on Friday, December 22nd. Evercore ISI lowered their price objective on shares of NIKE from $127.00 to $117.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $115.00 target price on shares of NIKE in a research note on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $116.26.

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.