Coldstream Capital Management Inc. Purchases 46,567 Shares of NIKE, Inc. (NYSE:NKE)

Coldstream Capital Management Inc. lifted its position in shares of NIKE, Inc. (NYSE:NKE) by 62.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 121,279 shares of the footwear maker’s stock after purchasing an additional 46,567 shares during the period. Coldstream Capital Management Inc.’s holdings in NIKE were worth $10,347,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in NKE. ING Groep NV acquired a new position in NIKE during the 3rd quarter worth about $29,628,000. Cordatus Wealth Management LLC raised its position in shares of NIKE by 19.5% during the third quarter. Cordatus Wealth Management LLC now owns 41,510 shares of the footwear maker’s stock worth $3,669,000 after acquiring an additional 6,778 shares during the last quarter. Bristlecone Advisors LLC lifted its stake in shares of NIKE by 14.3% in the third quarter. Bristlecone Advisors LLC now owns 93,521 shares of the footwear maker’s stock worth $8,267,000 after acquiring an additional 11,665 shares during the period. Investment Management Corp of Ontario boosted its holdings in NIKE by 49.4% in the third quarter. Investment Management Corp of Ontario now owns 40,238 shares of the footwear maker’s stock valued at $3,557,000 after acquiring an additional 13,300 shares during the last quarter. Finally, Lazard Freres Gestion S.A.S. increased its position in NIKE by 23.2% during the 3rd quarter. Lazard Freres Gestion S.A.S. now owns 747,675 shares of the footwear maker’s stock valued at $66,094,000 after purchasing an additional 140,632 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Trading Down 1.5 %

Shares of NKE stock opened at $77.67 on Tuesday. 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 firm has a market cap of $116.46 billion, a P/E ratio of 22.26, a PEG ratio of 1.93 and a beta of 1.02. The company has a 50 day moving average of $79.03 and a 200-day moving average of $81.46. NIKE, Inc. has a 12-month low of $70.75 and a 12-month high of $123.39.

NIKE (NYSE:NKE) last posted its earnings results on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.18. The firm had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $11.64 billion. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The company’s revenue was down 10.4% on a year-over-year basis. During the same quarter last year, the company earned $0.94 earnings per share. Sell-side analysts anticipate that NIKE, Inc. will post 2.73 earnings per share for the current year.

NIKE Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be given a dividend of $0.40 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.06%. This is an increase from NIKE’s previous quarterly dividend of $0.37. NIKE’s dividend payout ratio is currently 45.85%.

Analysts Set New Price Targets

NKE has been the topic of a number of recent analyst reports. 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. UBS Group cut their price target on shares of NIKE from $82.00 to $80.00 and set a “neutral” rating on the stock in a research report on Monday. Wells Fargo & Company lifted their price objective on NIKE from $86.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Evercore ISI cut their target price on NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. lowered their target price on NIKE from $77.00 to $73.00 and set a “neutral” rating for the company in a report on Monday, December 2nd. Fourteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.46.

NIKE Company 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.