NIKE, Inc. (NYSE:NKE) is EagleClaw Capital Managment LLC’s 4th Largest Position

EagleClaw Capital Managment LLC increased its stake in NIKE, Inc. (NYSE:NKE) by 17.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 380,366 shares of the footwear maker’s stock after purchasing an additional 55,742 shares during the quarter. NIKE accounts for 4.6% of EagleClaw Capital Managment LLC’s investment portfolio, making the stock its 4th largest position. EagleClaw Capital Managment LLC’s holdings in NIKE were worth $28,782,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Heck Capital Advisors LLC purchased a new position in NIKE during the 4th quarter valued at about $28,000. Caitlin John LLC increased its holdings in NIKE by 117.0% during the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. Teachers Insurance & Annuity Association of America purchased a new position in NIKE during the 3rd quarter valued at about $30,000. Roxbury Financial LLC purchased a new position in NIKE during the 4th quarter valued at about $30,000. Finally, BankPlus Trust Department purchased a new position in NIKE during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Analyst Ratings Changes

NKE has been the topic of several analyst reports. Citigroup cut shares of NIKE from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $102.00 to $72.00 in a research note on Friday, February 7th. Wells Fargo & Company decreased their price target on shares of NIKE from $95.00 to $92.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Guggenheim reaffirmed a “buy” rating and set a $110.00 price target on shares of NIKE in a research note on Wednesday, February 12th. DA Davidson raised shares of NIKE to a “strong-buy” rating in a research note on Monday, December 23rd. Finally, Evercore ISI decreased their price target on shares of NIKE from $105.00 to $97.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Fourteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $89.77.

NIKE Price Performance

NKE opened at $77.74 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 52-week low of $68.62 and a 52-week high of $102.49. The company has a 50 day moving average of $74.72 and a two-hundred day moving average of $78.25. The company has a market cap of $114.99 billion, a P/E ratio of 23.99, a P/E/G ratio of 2.52 and a beta of 1.01.

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

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a dividend of $0.40 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.06%. NIKE’s payout ratio is currently 49.38%.

Insider Transactions at NIKE

In other news, Director John W. Rogers, Jr. bought 2,500 shares of NIKE stock in a transaction dated Friday, December 27th. The shares were acquired at an average cost of $76.65 per share, with a total value of $191,625.00. Following the completion of the transaction, the director now owns 34,403 shares in the company, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $72.83, for a total transaction 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. The trade was a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

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.