Life Planning Partners Inc Makes New $324,000 Investment in NIKE, Inc. (NYSE:NKE)

Life Planning Partners Inc bought a new position in NIKE, Inc. (NYSE:NKEGet Rating) during the 4th quarter, Holdings Channel reports. The institutional investor bought 1,942 shares of the footwear maker’s stock, valued at approximately $324,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Renaissance Technologies LLC raised its position in shares of NIKE by 344.7% during the 3rd quarter. Renaissance Technologies LLC now owns 3,583,700 shares of the footwear maker’s stock valued at $520,461,000 after buying an additional 2,777,900 shares in the last quarter. Jennison Associates LLC raised its position in shares of NIKE by 14.6% during the 4th quarter. Jennison Associates LLC now owns 15,307,214 shares of the footwear maker’s stock valued at $2,551,253,000 after buying an additional 1,944,401 shares in the last quarter. KBC Group NV raised its position in shares of NIKE by 96.5% during the 4th quarter. KBC Group NV now owns 1,995,566 shares of the footwear maker’s stock valued at $332,601,000 after buying an additional 979,930 shares in the last quarter. Voya Investment Management LLC raised its position in shares of NIKE by 26.6% during the 3rd quarter. Voya Investment Management LLC now owns 3,795,435 shares of the footwear maker’s stock valued at $551,212,000 after buying an additional 796,706 shares in the last quarter. Finally, TD Asset Management Inc. raised its position in shares of NIKE by 27.0% during the 4th quarter. TD Asset Management Inc. now owns 3,576,146 shares of the footwear maker’s stock valued at $596,036,000 after buying an additional 760,022 shares in the last quarter. Institutional investors and hedge funds own 65.35% of the company’s stock.

Several research firms have recently weighed in on NKE. Truist Financial raised their price objective on shares of NIKE from $164.00 to $176.00 in a research report on Tuesday, March 22nd. Jefferies Financial Group lowered their price objective on shares of NIKE from $200.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday, March 16th. Credit Suisse Group set a $165.00 target price on shares of NIKE in a report on Friday, April 29th. Wedbush reduced their target price on shares of NIKE from $163.00 to $139.00 in a report on Friday, May 13th. Finally, UBS Group set a $173.00 target price on shares of NIKE in a report on Tuesday, March 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $171.52.

Shares of NYSE:NKE traded up $1.56 on Friday, hitting $108.00. The company had a trading volume of 7,582,685 shares, compared to its average volume of 7,146,075. The firm’s 50-day simple moving average is $125.49 and its two-hundred day simple moving average is $144.65. NIKE, Inc. has a 1 year low of $105.00 and a 1 year high of $179.10. The company has a quick ratio of 2.18, a current ratio of 3.06 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $169.97 billion, a price-to-earnings ratio of 28.50, a P/E/G ratio of 2.11 and a beta of 0.95.

NIKE (NYSE:NKEGet Rating) last issued its quarterly earnings results on Monday, March 21st. The footwear maker reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.14. NIKE had a net margin of 13.06% and a return on equity of 43.04%. The company had revenue of $10.90 billion during the quarter, compared to analysts’ expectations of $10.61 billion. During the same period last year, the company posted $0.90 EPS. NIKE’s revenue was up 4.8% on a year-over-year basis. Equities research analysts anticipate that NIKE, Inc. will post 3.71 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Monday, June 6th will be given a dividend of $0.305 per share. The ex-dividend date is Friday, June 3rd. This represents a $1.22 dividend on an annualized basis and a yield of 1.13%. NIKE’s dividend payout ratio (DPR) is currently 32.19%.

About NIKE (Get Rating)

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team, and league logos, as well as sells sports apparel.

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Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NIKE, Inc. (NYSE:NKEGet Rating).

Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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