Mizuho Securities USA LLC Has $8.54 Million Holdings in NIKE, Inc. (NYSE:NKE)

Mizuho Securities USA LLC boosted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 44.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 112,842 shares of the footwear maker’s stock after acquiring an additional 34,934 shares during the quarter. Mizuho Securities USA LLC’s holdings in NIKE were worth $8,539,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in NIKE during the 4th quarter worth about $28,000. Caitlin John LLC boosted its position in NIKE by 117.0% during the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after acquiring an additional 200 shares during the period. Teachers Insurance & Annuity Association of America acquired a new stake in NIKE during the 3rd quarter worth about $30,000. Roxbury Financial LLC acquired a new stake in NIKE during the 4th quarter worth about $30,000. Finally, LFA Lugano Financial Advisors SA boosted its position in NIKE by 110.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock worth $30,000 after acquiring an additional 210 shares during the period. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Stock Performance

Shares of NYSE NKE opened at $68.02 on Friday. The company has a market cap of $100.60 billion, a P/E ratio of 20.99, a P/E/G ratio of 2.52 and a beta of 1.02. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 12 month low of $65.17 and a 12 month high of $98.04. The business’s 50 day moving average is $74.70 and its two-hundred day moving average is $77.46.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.26. The business had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. NIKE’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 earnings per share. On average, equities analysts expect that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE’s dividend payout ratio is presently 49.38%.

Wall Street Analyst Weigh In

NKE has been the subject of several research reports. Piper Sandler upgraded NIKE from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $72.00 to $90.00 in a report on Friday, January 10th. Barclays reduced their price target on NIKE from $79.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. China Renaissance initiated coverage on NIKE in a report on Wednesday. They set a “hold” rating for the company. DA Davidson upgraded NIKE to a “strong-buy” rating in a report on Monday, December 23rd. Finally, Morgan Stanley reduced their price target on NIKE from $72.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday. Fifteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and an average target price of $87.38.

Insider Activity

In related news, Director John W. Rogers, Jr. purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were acquired at an average price of $76.65 per share, with a total value of $191,625.00. Following the purchase, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. This represents a 7.84 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the sale, the chairman now directly owns 896,632 shares in the company, valued at approximately $65,301,708.56. This represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

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.