Schechter Investment Advisors LLC Has $1.28 Million Stock Position in NIKE, Inc. (NYSE:NKE)

Schechter Investment Advisors LLC lessened its holdings in shares of NIKE, Inc. (NYSE:NKE) by 18.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,741 shares of the footwear maker’s stock after selling 2,700 shares during the quarter. Schechter Investment Advisors LLC’s holdings in NIKE were worth $1,275,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Sandy Cove Advisors LLC acquired a new stake in NIKE during the 4th quarter worth $203,000. Aprio Wealth Management LLC acquired a new stake in NIKE during the 4th quarter worth $206,000. Dash Acquisitions Inc. raised its stake in NIKE by 2.1% during the 4th quarter. Dash Acquisitions Inc. now owns 19,720 shares of the footwear maker’s stock worth $2,046,000 after buying an additional 415 shares during the period. Assenagon Asset Management S.A. raised its stake in NIKE by 3.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 269,972 shares of the footwear maker’s stock worth $29,311,000 after buying an additional 9,886 shares during the period. Finally, ZRC Wealth Management LLC raised its stake in NIKE by 92.1% during the 4th quarter. ZRC Wealth Management LLC now owns 1,199 shares of the footwear maker’s stock worth $130,000 after buying an additional 575 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. JPMorgan Chase & Co. dropped their price objective on NIKE from $139.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, December 22nd. HSBC lowered their target price on NIKE from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, January 22nd. DZ Bank upgraded NIKE from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a report on Tuesday, December 12th. Jefferies Financial Group lowered their target price on NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a report on Friday, March 22nd. Finally, Barclays decreased their price objective on NIKE from $142.00 to $114.00 and set an “overweight” rating for the company in a report on Monday. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, NIKE presently has an average rating of “Moderate Buy” and an average target price of $116.75.

NIKE Trading Up 1.7 %

Shares of NKE stock opened at $94.15 on Thursday. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. The stock has a market cap of $143.29 billion, a P/E ratio of 27.69, a price-to-earnings-growth ratio of 1.74 and a beta of 1.10. The stock has a 50 day simple moving average of $101.65 and a 200 day simple moving average of $103.69. NIKE, Inc. has a 1 year low of $88.66 and a 1 year high of $128.68.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.29. The business had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. On average, research analysts predict that NIKE, Inc. will post 3.7 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 4th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Friday, March 1st. NIKE’s payout ratio 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.