4,727 Shares in NIKE, Inc. (NYSE:NKE) Purchased by XTX Topco Ltd

XTX Topco Ltd bought a new stake in shares of NIKE, Inc. (NYSE:NKE) during the third quarter, Holdings Channel reports. The fund bought 4,727 shares of the footwear maker’s stock, valued at approximately $418,000.

Several other large investors have also modified their holdings of NKE. Teachers Insurance & Annuity Association of America bought a new stake in NIKE during the third quarter valued at about $30,000. VitalStone Financial LLC grew its position in shares of NIKE by 52.6% in the 3rd quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock worth $38,000 after buying an additional 150 shares during the last quarter. MFA Wealth Advisors LLC bought a new position in shares of NIKE during the 2nd quarter worth approximately $46,000. Strategic Financial Concepts LLC purchased a new stake in NIKE during the second quarter valued at approximately $48,000. Finally, Ecofi Investissements SA acquired a new stake in NIKE in the second quarter valued at approximately $49,000. Institutional investors own 64.25% of the company’s stock.

NIKE Trading Down 0.9 %

Shares of NYSE:NKE opened at $77.25 on Monday. The firm has a market capitalization of $115.83 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 1.93 and a beta of 1.02. The business’s 50 day moving average price is $78.52 and its 200-day moving average price is $81.06. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58. NIKE, Inc. has a 1 year low of $70.75 and a 1 year high of $123.39.

NIKE (NYSE:NKE) last announced its earnings results on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.18. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The business had revenue of $11.59 billion for the quarter, compared to analyst estimates of $11.64 billion. During the same quarter last year, the business earned $0.94 earnings per share. The company’s revenue for the quarter was down 10.4% compared to the same quarter last year. On average, equities research analysts forecast that NIKE, Inc. will post 2.73 earnings per share for the current fiscal year.

NIKE Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.07%. NIKE’s payout ratio is currently 45.85%.

Analyst Ratings Changes

NKE has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on NIKE from $77.00 to $73.00 and set a “neutral” rating for the company in a report on Monday, December 2nd. Guggenheim lowered their price target on NIKE from $115.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, October 2nd. Telsey Advisory Group cut their price objective on shares of NIKE from $100.00 to $96.00 and set an “outperform” rating on the stock in a report on Wednesday, October 2nd. UBS Group decreased their price objective on shares of NIKE from $82.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Finally, Morgan Stanley dropped their target price on shares of NIKE from $82.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Friday. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.04.

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.