Hantz Financial Services Inc. Sells 137,885 Shares of NIKE, Inc. (NYSE:NKE)

Hantz Financial Services Inc. decreased its position in NIKE, Inc. (NYSE:NKE) by 82.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 28,344 shares of the footwear maker’s stock after selling 137,885 shares during the quarter. Hantz Financial Services Inc.’s holdings in NIKE were worth $2,506,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Teachers Insurance & Annuity Association of America bought a new position in shares of NIKE in the third quarter valued at approximately $30,000. Public Sector Pension Investment Board grew its stake in NIKE by 9.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 51,000 shares of the footwear maker’s stock valued at $4,508,000 after purchasing an additional 4,500 shares during the period. Noesis Capital Mangement Corp increased its position in shares of NIKE by 6.2% during the 3rd quarter. Noesis Capital Mangement Corp now owns 132,238 shares of the footwear maker’s stock valued at $11,690,000 after purchasing an additional 7,749 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of NIKE by 4.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 548,318 shares of the footwear maker’s stock worth $48,471,000 after purchasing an additional 24,614 shares during the period. Finally, Providence Capital Advisors LLC boosted its holdings in shares of NIKE by 29.3% in the 3rd quarter. Providence Capital Advisors LLC now owns 78,784 shares of the footwear maker’s stock worth $6,965,000 after buying an additional 17,871 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Stock Up 0.5 %

Shares of NYSE:NKE opened at $78.77 on Friday. The firm has a market capitalization of $118.10 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 1.90 and a beta of 1.03. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 2.36. NIKE, Inc. has a 52-week low of $70.75 and a 52-week high of $123.39. The firm has a fifty day moving average of $80.18 and a 200 day moving average of $82.10.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Tuesday, October 1st. The footwear maker reported $0.70 EPS for the quarter, beating the consensus estimate of $0.52 by $0.18. The firm had revenue of $11.59 billion for the quarter, compared to analyst estimates of $11.64 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The company’s revenue was down 10.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.94 EPS. As a group, research analysts anticipate that NIKE, Inc. will post 2.75 EPS for the current fiscal year.

NIKE Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.03%. This is a positive change from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, December 2nd. NIKE’s payout ratio is presently 45.85%.

Analyst Ratings Changes

A number of research firms recently issued reports on NKE. JPMorgan Chase & Co. decreased their price objective on shares of NIKE from $80.00 to $77.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Jefferies Financial Group raised their price target on shares of NIKE from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Monday, September 30th. Evercore ISI dropped their price objective on NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Morgan Stanley raised their target price on NIKE from $79.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $80.00 price target on shares of NIKE in a research report on Friday, September 20th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, NIKE has a consensus rating of “Moderate Buy” and a consensus price target of $95.86.

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.