NIKE, Inc. (NYSE:NKE) Shares Acquired by Goelzer Investment Management Inc.

Goelzer Investment Management Inc. increased its stake in shares of NIKE, Inc. (NYSE:NKEGet Rating) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,762 shares of the footwear maker’s stock after purchasing an additional 134 shares during the period. Goelzer Investment Management Inc.’s holdings in NIKE were worth $2,127,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in NIKE by 2.1% during the third quarter. Geode Capital Management LLC now owns 20,842,176 shares of the footwear maker’s stock worth $3,018,705,000 after acquiring an additional 418,833 shares during the last quarter. Morgan Stanley boosted its holdings in shares of NIKE by 3.2% during the 2nd quarter. Morgan Stanley now owns 17,340,384 shares of the footwear maker’s stock worth $2,678,912,000 after purchasing an additional 543,451 shares during the last quarter. Capital World Investors increased its holdings in shares of NIKE by 1.1% in the third quarter. Capital World Investors now owns 15,605,476 shares of the footwear maker’s stock valued at $2,266,403,000 after purchasing an additional 167,898 shares during the last quarter. Jennison Associates LLC lifted its position in NIKE by 14.6% during the fourth quarter. Jennison Associates LLC now owns 15,307,214 shares of the footwear maker’s stock worth $2,551,253,000 after buying an additional 1,944,401 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in NIKE by 3.0% during the third quarter. Janus Henderson Group PLC now owns 10,120,729 shares of the footwear maker’s stock worth $1,469,838,000 after buying an additional 296,033 shares during the last quarter. 65.35% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NKE traded down $1.85 on Thursday, reaching $107.52. The stock had a trading volume of 119,555 shares, compared to its average volume of 7,344,717. The firm has a market capitalization of $169.21 billion, a PE ratio of 28.46, a PEG ratio of 2.17 and a beta of 0.95. The company has a quick ratio of 2.18, a current ratio of 3.06 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average of $126.01 and a 200 day moving average of $145.48. NIKE, Inc. has a twelve month low of $105.00 and a twelve month high of $179.10.

NIKE (NYSE:NKEGet Rating) last posted its earnings results on Monday, March 21st. The footwear maker reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.14. The company had revenue of $10.90 billion for the quarter, compared to the consensus estimate of $10.61 billion. NIKE had a return on equity of 43.04% and a net margin of 13.06%. NIKE’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.90 earnings per share. On average, sell-side analysts anticipate that NIKE, Inc. will post 3.71 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Monday, June 6th will be issued a dividend of $0.305 per share. The ex-dividend date is Friday, June 3rd. This represents a $1.22 annualized dividend and a yield of 1.13%. NIKE’s dividend payout ratio (DPR) is currently 32.19%.

A number of equities analysts have commented on NKE shares. Stifel Nicolaus reduced their target price on shares of NIKE from $202.00 to $160.00 in a research note on Thursday, March 17th. UBS Group set a $173.00 price objective on NIKE in a report on Tuesday, March 22nd. StockNews.com initiated coverage on NIKE in a research note on Thursday, March 31st. They set a “hold” rating for the company. Morgan Stanley decreased their price target on NIKE from $202.00 to $192.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 15th. Finally, The Goldman Sachs Group set a $177.00 price target on NIKE in a report on Tuesday, March 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat, NIKE has an average rating of “Buy” and an average price target of $171.52.

NIKE Profile (Get Rating)

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team, and league logos, as well as sells sports apparel.

Further Reading

Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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