Rockefeller Capital Management L.P. Acquires 4,131 Shares of NIKE, Inc. (NYSE:NKE)

Rockefeller Capital Management L.P. lifted its holdings in NIKE, Inc. (NYSE:NKE) by 0.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 509,831 shares of the footwear maker’s stock after acquiring an additional 4,131 shares during the period. Rockefeller Capital Management L.P.’s holdings in NIKE were worth $45,074,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Loomis Sayles & Co. L P increased its holdings in shares of NIKE by 1,209,638.7% during the third quarter. Loomis Sayles & Co. L P now owns 6,508,394 shares of the footwear maker’s stock worth $575,342,000 after purchasing an additional 6,507,856 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in NIKE during the 3rd quarter worth $144,927,000. PineStone Asset Management Inc. raised its holdings in NIKE by 138.3% in the 2nd quarter. PineStone Asset Management Inc. now owns 2,715,689 shares of the footwear maker’s stock valued at $204,681,000 after acquiring an additional 1,576,049 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of NIKE by 351.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,991,519 shares of the footwear maker’s stock valued at $150,101,000 after acquiring an additional 1,550,611 shares during the period. Finally, KBC Group NV lifted its position in shares of NIKE by 145.2% during the 3rd quarter. KBC Group NV now owns 2,111,708 shares of the footwear maker’s stock valued at $186,675,000 after acquiring an additional 1,250,380 shares during the period. 64.25% of the stock is owned by institutional investors.

NIKE Stock Up 0.5 %

NIKE stock opened at $78.77 on Friday. The firm has a market cap of $118.10 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 1.90 and a beta of 1.03. NIKE, Inc. has a 52-week low of $70.75 and a 52-week high of $123.39. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 2.36. The firm has a 50 day moving average price of $80.18 and a two-hundred day moving average price of $82.17.

NIKE (NYSE:NKE) last announced its earnings results on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.18. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The business had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $11.64 billion. During the same quarter last year, the firm earned $0.94 earnings per share. NIKE’s quarterly revenue was down 10.4% on a year-over-year basis. Equities analysts predict that NIKE, Inc. will post 2.75 EPS for the current year.

NIKE Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.60 annualized dividend and a yield of 2.03%. This is a boost from NIKE’s previous quarterly dividend of $0.37. NIKE’s dividend payout ratio (DPR) is currently 45.85%.

Analyst Upgrades and Downgrades

NKE has been the subject of a number of analyst reports. Morgan Stanley boosted their price target on NIKE from $79.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. TD Cowen cut their price target on shares of NIKE from $78.00 to $73.00 and set a “hold” rating for the company in a report on Monday, November 18th. Jefferies Financial Group lifted their price objective on shares of NIKE from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Monday, September 30th. Wells Fargo & Company upped their target price on NIKE from $86.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. Finally, Royal Bank of Canada decreased their price target on NIKE from $82.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 7th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.86.

About NIKE

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.