NIKE, Inc. (NYSE:NKE) Shares Purchased by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC raised its holdings in shares of NIKE, Inc. (NYSE:NKE) by 76.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,154 shares of the footwear maker’s stock after buying an additional 10,000 shares during the period. ArrowMark Colorado Holdings LLC’s holdings in NIKE were worth $2,047,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. ING Groep NV purchased a new stake in NIKE during the 3rd quarter worth $29,628,000. Cordatus Wealth Management LLC boosted its position in shares of NIKE by 19.5% in the third quarter. Cordatus Wealth Management LLC now owns 41,510 shares of the footwear maker’s stock worth $3,669,000 after buying an additional 6,778 shares during the period. Bristlecone Advisors LLC grew 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 valued at $8,267,000 after buying an additional 11,665 shares in the last quarter. Lazard Freres Gestion S.A.S. raised its holdings in shares of 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 buying an additional 140,632 shares during the period. Finally, D.A. Davidson & CO. lifted its position in NIKE by 11.8% during the 3rd quarter. D.A. Davidson & CO. now owns 104,951 shares of the footwear maker’s stock worth $9,278,000 after acquiring an additional 11,108 shares in the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Trading Up 0.9 %

Shares of NYSE:NKE opened at $79.09 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 company’s 50-day moving average price is $80.18 and its 200 day moving average price is $82.03. The company has a market cap of $118.58 billion, a PE ratio of 22.66, a P/E/G ratio of 1.91 and a beta of 1.02. NIKE, Inc. has a fifty-two week low of $70.75 and a fifty-two week high of $123.39.

NIKE (NYSE:NKE) last released its quarterly earnings results on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.18. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The company had revenue of $11.59 billion for the quarter, compared to analysts’ expectations of $11.64 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. Sell-side analysts anticipate that NIKE, Inc. will post 2.75 earnings per share for the current year.

NIKE Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be paid a $0.40 dividend. This is a boost from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.02%. NIKE’s dividend payout ratio is presently 42.41%.

Analyst Upgrades and Downgrades

NKE has been the subject of several recent research reports. Needham & Company LLC began coverage on shares of NIKE in a research report on Friday, November 22nd. They issued a “buy” rating and a $84.00 price objective for the company. Williams Trading raised shares of NIKE from a “sell” rating to a “buy” rating and lifted their price target for the stock from $67.00 to $93.00 in a research note on Friday, August 16th. Wells Fargo & Company boosted their price objective on shares of NIKE from $86.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. Sanford C. Bernstein lowered their target price on NIKE from $112.00 to $109.00 and set an “outperform” rating for the company in a research note on Thursday, September 19th. Finally, TD Cowen reduced their price target on NIKE from $78.00 to $73.00 and set a “hold” rating for the company in a report on Monday, November 18th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.71.

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.