Schechter Investment Advisors LLC Sells 2,700 Shares of NIKE, Inc. (NYSE:NKE)

Schechter Investment Advisors LLC lowered its position in NIKE, Inc. (NYSE:NKE) by 18.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its position in NIKE by 2.7% during the 2nd quarter. State Street Corp now owns 55,210,541 shares of the footwear maker’s stock valued at $6,111,923,000 after acquiring an additional 1,447,861 shares in the last quarter. Morgan Stanley boosted its position in NIKE by 26.4% during the 4th quarter. Morgan Stanley now owns 30,720,119 shares of the footwear maker’s stock valued at $3,594,561,000 after acquiring an additional 6,410,744 shares in the last quarter. Alliancebernstein L.P. boosted its position in NIKE by 7.2% during the 2nd quarter. Alliancebernstein L.P. now owns 22,371,886 shares of the footwear maker’s stock valued at $2,469,185,000 after acquiring an additional 1,493,704 shares in the last quarter. FMR LLC boosted its position in NIKE by 0.7% during the 3rd quarter. FMR LLC now owns 18,502,409 shares of the footwear maker’s stock valued at $1,769,200,000 after acquiring an additional 125,746 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its position in NIKE by 139,649.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,813,307 shares of the footwear maker’s stock valued at $1,967,325,000 after acquiring an additional 16,801,276 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

NYSE:NKE opened at $94.15 on Thursday. NIKE, Inc. has a 12 month low of $88.66 and a 12 month high of $128.68. The stock has a 50 day moving average of $101.65 and a two-hundred day moving average of $103.69. 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 firm 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.

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

NIKE Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 1st. This represents a $1.48 annualized dividend and a yield of 1.57%. NIKE’s dividend payout ratio (DPR) is currently 43.53%.

Analyst Ratings Changes

NKE has been the topic of several recent research reports. Oppenheimer cut 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. Truist Financial reissued a “hold” rating and issued a $111.00 price objective on shares of NIKE in a research report on Tuesday, March 19th. JPMorgan Chase & Co. lowered their price objective on NIKE from $139.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, December 22nd. DZ Bank raised NIKE from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research report on Tuesday, December 12th. Finally, Williams Trading reissued a “sell” rating and issued a $85.00 price objective (down previously from $92.00) on shares of NIKE in a research report on Monday, March 18th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $116.75.

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.