Aptus Capital Advisors LLC Has $998,000 Stock Position in NIKE, Inc. (NYSE:NKE)

Aptus Capital Advisors LLC decreased its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 73.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 11,294 shares of the footwear maker's stock after selling 31,932 shares during the period. Aptus Capital Advisors LLC's holdings in NIKE were worth $998,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Transcendent Capital Group LLC lifted its holdings in shares of NIKE by 97.6% during the first quarter. Transcendent Capital Group LLC now owns 405 shares of the footwear maker's stock worth $38,000 after buying an additional 200 shares during the last quarter. VitalStone Financial LLC boosted its holdings in NIKE by 52.6% in the 3rd quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker's stock valued at $38,000 after purchasing an additional 150 shares during the period. Bruce G. Allen Investments LLC grew its position in NIKE by 272.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 514 shares of the footwear maker's stock worth $39,000 after purchasing an additional 376 shares during the last quarter. Triad Wealth Partners LLC bought a new position in shares of NIKE during the 2nd quarter worth about $44,000. Finally, MFA Wealth Advisors LLC acquired a new position in shares of NIKE during the second quarter valued at about $46,000. 64.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NKE. Daiwa America downgraded NIKE from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, September 11th. Wells Fargo & Company boosted their price objective on NIKE from $86.00 to $95.00 and gave the company an "overweight" rating in a research report on Friday, September 20th. Stifel Nicolaus cut their target price on NIKE from $88.00 to $79.00 and set a "hold" rating for the company in a research note on Monday, August 26th. Piper Sandler reiterated a "neutral" rating and set a $80.00 price target on shares of NIKE in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of NIKE from $80.00 to $77.00 and set a "neutral" rating for the company in a research note on Wednesday, October 2nd. Fourteen investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $96.48.

NIKE Trading Up 1.3 %

Shares of NIKE stock traded up $0.98 during trading on Friday, hitting $76.66. 13,558,337 shares of the company were exchanged, compared to its average volume of 11,489,007. The firm's fifty day moving average price is $80.97 and its 200 day moving average price is $83.39. NIKE, Inc. has a 1-year low of $70.75 and a 1-year high of $123.39. The firm has a market capitalization of $114.94 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 1.86 and a beta of 1.03. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings results on Tuesday, October 1st. The footwear maker reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.18. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The company had revenue of $11.59 billion for the quarter, compared to analyst estimates of $11.64 billion. During the same quarter last year, the firm posted $0.94 earnings per share. NIKE's revenue was down 10.4% compared to the same quarter last year. As a group, sell-side analysts expect that NIKE, Inc. will post 2.74 earnings per share for the current fiscal year.

NIKE Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.09%. 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 dividend payout ratio (DPR) is presently 42.41%.

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.