Doheny Asset Management CA Takes $220,000 Position in NIKE, Inc. (NYSE:NKE)

Doheny Asset Management CA acquired a new stake in shares of NIKE, Inc. (NYSE:NKE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,025 shares of the footwear maker’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. FMR LLC increased its stake in shares of NIKE by 0.7% during the 3rd quarter. FMR LLC now owns 18,502,409 shares of the footwear maker’s stock valued at $1,769,200,000 after acquiring an additional 125,746 shares during the last quarter. Northern Trust Corp grew its holdings in shares of NIKE by 4.5% during the 3rd quarter. Northern Trust Corp now owns 15,557,676 shares of the footwear maker’s stock worth $1,487,625,000 after purchasing an additional 674,198 shares during the period. Fisher Asset Management LLC grew its holdings in shares of NIKE by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 9,887,769 shares of the footwear maker’s stock worth $1,073,515,000 after purchasing an additional 219,091 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of NIKE by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,200,932 shares of the footwear maker’s stock worth $766,829,000 after purchasing an additional 89,947 shares during the period. Finally, Newport Trust Company LLC purchased a new stake in shares of NIKE during the 3rd quarter worth about $679,775,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Trading Up 2.1 %

NKE traded up $1.90 during trading on Thursday, reaching $92.24. The company had a trading volume of 4,253,124 shares, compared to its average volume of 9,283,939. NIKE, Inc. has a 12-month low of $88.66 and a 12-month high of $128.38. The firm’s 50-day simple moving average is $96.25 and its 200 day simple moving average is $103.19. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. The company has a market cap of $139.22 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 1.78 and a beta of 1.07.

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

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors 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 annualized dividend and a yield of 1.60%. NIKE’s payout ratio is 43.53%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Citigroup decreased their target price on NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, March 14th. Jefferies Financial Group decreased their price target on NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a report on Friday, March 22nd. Royal Bank of Canada restated a “sector perform” rating and issued a $100.00 price target (down previously from $110.00) on shares of NIKE in a report on Friday, March 22nd. Morgan Stanley decreased their price target on NIKE from $124.00 to $116.00 and set an “overweight” rating for the company in a report on Wednesday, March 27th. Finally, Wedbush restated an “outperform” rating and issued a $115.00 price target on shares of NIKE in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $116.26.

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.