Raab & Moskowitz Asset Management LLC Acquires 6,068 Shares of NIKE, Inc. (NYSE:NKE)

Raab & Moskowitz Asset Management LLC lifted its holdings in NIKE, Inc. (NYSE:NKE) by 42.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 20,341 shares of the footwear maker’s stock after purchasing an additional 6,068 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in NIKE were worth $1,539,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NKE. Heck Capital Advisors LLC acquired a new stake in NIKE in the 4th quarter valued at $28,000. Caitlin John LLC boosted its stake in shares of 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 buying an additional 200 shares during the last quarter. Teachers Insurance & Annuity Association of America bought a new position in shares of NIKE in the 3rd quarter valued at about $30,000. Dunhill Financial LLC increased its position 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 during the last quarter. Finally, Riverview Trust Co bought a new stake in NIKE during the third quarter worth about $52,000. Institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling

In other news, Director John W. Rogers, Jr. purchased 2,500 shares of the business’s stock in a transaction dated Friday, December 27th. The stock was bought at an average price of $76.65 per share, with a total value of $191,625.00. Following the acquisition, the director now owns 34,403 shares in the company, valued at approximately $2,636,989.95. The trade was a 7.84 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.

NIKE Stock Up 1.4 %

Shares of NKE opened at $72.31 on Thursday. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 12 month low of $68.62 and a 12 month high of $107.34. The firm’s 50 day moving average is $74.80 and its 200-day moving average is $78.08. The stock has a market capitalization of $106.96 billion, a PE ratio of 22.32, a P/E/G ratio of 2.34 and a beta of 1.01.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. The firm had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company’s revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the company earned $1.03 EPS. Equities research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Royal Bank of Canada decreased their price target on NIKE from $82.00 to $80.00 and set a “sector perform” rating for the company in a research note on Thursday, November 7th. Piper Sandler raised shares of NIKE from a “neutral” rating to an “overweight” rating and raised their target price for the company from $72.00 to $90.00 in a research note on Friday, January 10th. Bank of America lowered their target price on shares of NIKE from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Wells Fargo & Company cut their price target on shares of NIKE from $95.00 to $92.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Finally, Barclays lowered their price objective on shares of NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Fifteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, NIKE presently has an average rating of “Moderate Buy” and an average target price of $88.62.

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.