Callan Capital LLC Buys Shares of 2,213 NIKE, Inc. (NYSE:NKE)

Callan Capital LLC bought a new stake in NIKE, Inc. (NYSE:NKE) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,213 shares of the footwear maker’s stock, valued at approximately $240,000.

A number of other large investors have also recently modified their holdings of NKE. Newport Trust Company LLC acquired a new stake in shares of NIKE during the 3rd quarter valued at $679,775,000. Flossbach Von Storch AG raised its position in NIKE by 433.5% during the 3rd quarter. Flossbach Von Storch AG now owns 4,128,587 shares of the footwear maker’s stock worth $394,775,000 after purchasing an additional 3,354,677 shares during the last quarter. Van ECK Associates Corp raised its position in NIKE by 117.0% during the 3rd quarter. Van ECK Associates Corp now owns 2,986,441 shares of the footwear maker’s stock worth $285,564,000 after purchasing an additional 1,610,273 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in NIKE by 37.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,791,531 shares of the footwear maker’s stock worth $553,786,000 after purchasing an additional 1,583,541 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in NIKE during the 3rd quarter worth $97,724,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on NKE. Jefferies Financial Group lowered their target price on NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, March 22nd. Robert W. Baird lowered their target price on NIKE from $140.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Citigroup lowered their target price on NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, March 14th. The Goldman Sachs Group lowered their price objective on NIKE from $135.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Finally, Wells Fargo & Company lowered their price objective on NIKE from $125.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $116.26.

NIKE Stock Up 0.2 %

NKE stock traded up $0.17 during mid-day trading on Friday, reaching $94.11. 6,115,249 shares of the company traded hands, compared to its average volume of 9,429,240. The stock has a market cap of $142.05 billion, a price-to-earnings ratio of 27.68, a P/E/G ratio of 1.83 and a beta of 1.08. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. NIKE, Inc. has a fifty-two week low of $88.66 and a fifty-two week high of $128.68. The firm’s 50 day moving average price is $96.96 and its 200 day moving average price is $103.30.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.29. The business had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. As a group, equities research analysts predict that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.48 dividend on an annualized basis and a yield of 1.57%. NIKE’s dividend payout ratio (DPR) is currently 43.53%.

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.