NIKE, Inc. (NYSE:NKE) Shares Sold by Israel Discount Bank of New York

Israel Discount Bank of New York cut its holdings in NIKE, Inc. (NYSE:NKE) by 7.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,532 shares of the footwear maker’s stock after selling 453 shares during the period. Israel Discount Bank of New York’s holdings in NIKE were worth $601,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Iron Horse Wealth Management LLC raised its position in shares of NIKE by 120.7% during the 4th 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 in the last quarter. Planned Solutions Inc. bought a new stake in shares of NIKE during the 4th quarter worth about $29,000. Mizuho Securities Co. Ltd. raised its position in shares of NIKE by 100.0% during the 4th quarter. Mizuho Securities Co. Ltd. now owns 340 shares of the footwear maker’s stock worth $37,000 after buying an additional 170 shares in the last quarter. NewSquare Capital LLC raised its position in shares of NIKE by 372.0% during the 4th quarter. NewSquare Capital LLC now owns 354 shares of the footwear maker’s stock worth $38,000 after buying an additional 279 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its position in shares of NIKE by 134.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock worth $36,000 after buying an additional 216 shares in the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on NKE shares. Robert W. Baird dropped their price target on shares of NIKE from $140.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Jefferies Financial Group dropped their target price on shares of NIKE from $110.00 to $100.00 and set a “hold” rating on the stock in a report on Friday, March 22nd. Stifel Nicolaus dropped their target price on shares of NIKE from $129.00 to $117.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Bank of America upgraded shares of NIKE from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $110.00 to $113.00 in a report on Thursday, April 11th. Finally, Barclays dropped their target price on shares of NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a report on Monday, March 25th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $116.26.

NIKE Stock Performance

Shares of NIKE stock traded down $0.29 on Monday, reaching $93.83. The stock had a trading volume of 3,713,429 shares, compared to its average volume of 9,355,285. The stock has a market cap of $141.62 billion, a P/E ratio of 27.71, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. 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.

NIKE (NYSE:NKE) last released its earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating the consensus estimate of $0.69 by $0.29. The firm had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. On average, sell-side analysts forecast that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Friday, March 1st. NIKE’s payout ratio is currently 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.