Mather Group LLC. Grows Holdings in NIKE, Inc. (NYSE:NKE)

Mather Group LLC. grew its stake in shares of NIKE, Inc. (NYSE:NKE) by 16.8% in the fourth quarter, Holdings Channel reports. The firm owned 13,071 shares of the footwear maker’s stock after acquiring an additional 1,877 shares during the period. Mather Group LLC.’s holdings in NIKE were worth $1,419,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NKE. Brookstone Capital Management grew its stake in NIKE by 257.8% in the third quarter. Brookstone Capital Management now owns 52,666 shares of the footwear maker’s stock worth $5,427,000 after purchasing an additional 37,946 shares in the last quarter. RMR Wealth Builders grew its position in shares of NIKE by 139.4% during the 3rd quarter. RMR Wealth Builders now owns 8,420 shares of the footwear maker’s stock worth $805,000 after buying an additional 4,903 shares in the last quarter. Suncoast Equity Management increased its stake in shares of NIKE by 2.6% during the third quarter. Suncoast Equity Management now owns 165,020 shares of the footwear maker’s stock valued at $15,779,000 after buying an additional 4,233 shares during the period. Accurate Wealth Management LLC raised its holdings in shares of NIKE by 2.9% in the third quarter. Accurate Wealth Management LLC now owns 5,476 shares of the footwear maker’s stock valued at $563,000 after acquiring an additional 153 shares in the last quarter. Finally, Vicus Capital purchased a new stake in NIKE in the third quarter worth about $403,000. 64.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NKE has been the topic of a number of research reports. Oppenheimer downgraded shares of NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 target price on the stock. in a research report on Friday, February 16th. Bank of America raised shares of NIKE from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $110.00 to $113.00 in a research note on Thursday, April 11th. Barclays dropped their target price on NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a research report on Monday, March 25th. Robert W. Baird reduced their price target on NIKE from $140.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Finally, Morgan Stanley decreased their price objective on NIKE from $124.00 to $116.00 and set an “overweight” rating for the company in a research note on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $116.26.

NIKE Stock Down 0.1 %

NYSE NKE opened at $94.07 on Tuesday. The business has a fifty day moving average price of $96.78 and a 200 day moving average price of $103.33. 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 cap of $141.99 billion, a P/E ratio of 27.67, a P/E/G ratio of 1.82 and a beta of 1.09. NIKE, Inc. has a one year low of $88.66 and a one year high of $128.68.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating 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 analysts’ expectations of $12.28 billion. Research analysts anticipate that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Dividend Announcement

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