NIKE, Inc. (NYSE:NKE) Stock Holdings Boosted by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp increased its position in NIKE, Inc. (NYSE:NKE) by 21.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,872 shares of the footwear maker’s stock after acquiring an additional 12,377 shares during the period. Peapack Gladstone Financial Corp’s holdings in NIKE were worth $5,363,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Insigneo Advisory Services LLC raised its stake in shares of NIKE by 14.8% during the third quarter. Insigneo Advisory Services LLC now owns 10,442 shares of the footwear maker’s stock valued at $923,000 after purchasing an additional 1,345 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of NIKE during the 3rd quarter worth about $418,000. Tenere Capital LLC lifted its stake in shares of NIKE by 103.9% in the 3rd quarter. Tenere Capital LLC now owns 241,723 shares of the footwear maker’s stock worth $21,368,000 after acquiring an additional 123,156 shares during the period. Dunhill Financial LLC boosted its holdings in shares of NIKE by 52.2% in the third quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock valued at $44,000 after acquiring an additional 169 shares in the last quarter. Finally, Northeast Financial Consultants Inc increased its stake in shares of NIKE by 75.9% during the third quarter. Northeast Financial Consultants Inc now owns 13,906 shares of the footwear maker’s stock valued at $1,229,000 after acquiring an additional 6,000 shares during the period. 64.25% of the stock is currently owned by institutional investors.

NIKE Price Performance

NYSE NKE opened at $57.17 on Monday. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $84.57 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15. NIKE, Inc. has a 12-month low of $52.50 and a 12-month high of $98.04. The company has a 50 day moving average price of $72.96 and a two-hundred day moving average price of $76.27.

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

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.80%. NIKE’s payout ratio is currently 53.16%.

Insider Buying and Selling at NIKE

In related news, Chairman Mark G. Parker sold 169,732 shares of the firm’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 transaction, the chairman now directly owns 896,632 shares in the company, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on NKE. Cfra Research raised NIKE to a “moderate buy” rating in a research note on Friday, March 21st. Citigroup cut NIKE from a “buy” rating to a “neutral” rating and decreased their target price for the company from $102.00 to $72.00 in a research note on Friday, February 7th. Evercore ISI dropped their price target on shares of NIKE from $105.00 to $97.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Piper Sandler upgraded shares of NIKE from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $72.00 to $90.00 in a research report on Friday, January 10th. Finally, Dbs Bank upgraded shares of NIKE from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Fifteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $87.38.

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.