NIKE, Inc. (NYSE:NKE) Position Raised by DT Investment Partners LLC

DT Investment Partners LLC lifted its position in shares of NIKE, Inc. (NYSE:NKE) by 11.8% in the 3rd quarter, Holdings Channel reports. The fund owned 2,080 shares of the footwear maker’s stock after buying an additional 220 shares during the period. DT Investment Partners LLC’s holdings in NIKE were worth $184,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of NKE. Brookstone Capital Management grew its holdings in NIKE by 17.7% in the 1st quarter. Brookstone Capital Management now owns 64,524 shares of the footwear maker’s stock worth $6,064,000 after buying an additional 9,694 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of NIKE by 4.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 256,565 shares of the footwear maker’s stock valued at $24,112,000 after purchasing an additional 11,765 shares during the period. Cypress Wealth Services LLC bought a new stake in shares of NIKE during the first quarter valued at about $203,000. Register Financial Advisors LLC acquired a new stake in NIKE in the first quarter worth about $66,000. Finally, Sawyer & Company Inc grew its position in NIKE by 0.7% in the 1st quarter. Sawyer & Company Inc now owns 44,506 shares of the footwear maker’s stock valued at $4,183,000 after buying an additional 313 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Price Performance

NYSE NKE opened at $79.05 on Friday. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $118.52 billion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02. NIKE, Inc. has a 12-month low of $70.75 and a 12-month high of $123.39. The company has a 50 day moving average price of $82.86 and a two-hundred day moving average price of $85.10.

NIKE (NYSE:NKE) last released its quarterly earnings data on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.18. The business had revenue of $11.59 billion during the quarter, compared to analyst estimates of $11.64 billion. NIKE had a net margin of 10.60% and a return on equity of 39.84%. NIKE’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 EPS. As a group, equities analysts predict that NIKE, Inc. will post 2.78 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Tuesday, September 3rd. NIKE’s dividend payout ratio is 42.41%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NKE. Evercore ISI reduced their price target on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Wednesday, October 2nd. Jefferies Financial Group increased their price target on NIKE from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Monday, September 30th. Royal Bank of Canada dropped their price objective on NIKE from $85.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 2nd. Wedbush decreased their target price on NIKE from $115.00 to $97.00 and set an “outperform” rating for the company in a research note on Friday, June 28th. Finally, Barclays dropped their price target on shares of NIKE from $84.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 2nd. Fourteen research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $96.56.

Insider Activity at NIKE

In other NIKE news, Chairman Mark G. Parker sold 52,487 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the completion of the sale, the chairman now owns 1,031,226 shares of the company’s stock, valued at $80,435,628. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is 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.