Twin Capital Management Inc. Purchases 145 Shares of NIKE, Inc. (NYSE:NKE)

Twin Capital Management Inc. raised its position in shares of NIKE, Inc. (NYSE:NKE) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,574 shares of the footwear maker’s stock after purchasing an additional 145 shares during the quarter. Twin Capital Management Inc.’s holdings in NIKE were worth $714,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Vestcor Inc lifted its position in shares of NIKE by 0.3% during the 4th quarter. Vestcor Inc now owns 29,977 shares of the footwear maker’s stock valued at $3,508,000 after buying an additional 81 shares in the last quarter. Excalibur Management Corp lifted its position in shares of NIKE by 1.9% during the 3rd quarter. Excalibur Management Corp now owns 5,148 shares of the footwear maker’s stock valued at $492,000 after buying an additional 98 shares in the last quarter. Baxter Bros Inc. lifted its position in shares of NIKE by 2.0% during the 3rd quarter. Baxter Bros Inc. now owns 5,045 shares of the footwear maker’s stock valued at $482,000 after buying an additional 100 shares in the last quarter. First Pacific Financial lifted its position in shares of NIKE by 1.3% during the 3rd quarter. First Pacific Financial now owns 8,098 shares of the footwear maker’s stock valued at $774,000 after buying an additional 100 shares in the last quarter. Finally, Jeppson Wealth Management LLC lifted its position in shares of NIKE by 4.5% during the 3rd quarter. Jeppson Wealth Management LLC now owns 2,315 shares of the footwear maker’s stock valued at $221,000 after buying an additional 100 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NKE. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $100.00 price objective (down from $110.00) on shares of NIKE in a research report on Friday, March 22nd. TheStreet cut NIKE from a “b” rating to a “c+” rating in a report on Tuesday, January 9th. Truist Financial reissued a “hold” rating and issued a $111.00 price target on shares of NIKE in a report on Tuesday, March 19th. Morgan Stanley lowered their price target on NIKE from $124.00 to $116.00 and set an “overweight” rating on the stock in a report on Wednesday, March 27th. Finally, Telsey Advisory Group lowered their price target on NIKE from $140.00 to $120.00 and set an “outperform” rating on the stock in a report on Monday, March 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.26.

NIKE Stock Performance

Shares of NIKE stock opened at $94.53 on Friday. The stock’s fifty day moving average is $98.11 and its two-hundred day moving average is $103.37. The company has a market capitalization of $142.68 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 1.85 and a beta of 1.08. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. NIKE, Inc. has a 52 week low of $88.66 and a 52 week high of $128.68.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating the consensus estimate of $0.69 by $0.29. The company had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. As a group, analysts expect that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.57%. The ex-dividend date 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.