Calamos Wealth Management LLC raised its holdings in shares of Nike Inc (NYSE:NKE) by 2.2% during the 1st quarter, HoldingsChannel reports. The fund owned 57,765 shares of the footwear maker’s stock after purchasing an additional 1,248 shares during the period. Calamos Wealth Management LLC’s holdings in Nike were worth $4,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also made changes to their positions in NKE. Tiemann Investment Advisors LLC raised its stake in shares of Nike by 2.4% in the 4th quarter. Tiemann Investment Advisors LLC now owns 5,420 shares of the footwear maker’s stock worth $402,000 after buying an additional 125 shares in the last quarter. Capital Insight Partners LLC raised its stake in shares of Nike by 0.7% in the 1st quarter. Capital Insight Partners LLC now owns 17,819 shares of the footwear maker’s stock worth $1,501,000 after buying an additional 126 shares in the last quarter. Baystate Wealth Management LLC raised its stake in shares of Nike by 5.8% in the 4th quarter. Baystate Wealth Management LLC now owns 2,304 shares of the footwear maker’s stock worth $185,000 after buying an additional 127 shares in the last quarter. Lee Danner & Bass Inc. raised its stake in shares of Nike by 2.9% in the 4th quarter. Lee Danner & Bass Inc. now owns 5,071 shares of the footwear maker’s stock worth $376,000 after buying an additional 144 shares in the last quarter. Finally, Bell & Brown Wealth Advisors LLC raised its stake in shares of Nike by 0.8% in the 4th quarter. Bell & Brown Wealth Advisors LLC now owns 18,318 shares of the footwear maker’s stock worth $1,358,000 after buying an additional 149 shares in the last quarter. 65.62% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Mark G. Parker sold 150,000 shares of Nike stock in a transaction on Friday, January 18th. The stock was sold at an average price of $80.00, for a total transaction of $12,000,000.00. Following the transaction, the chief executive officer now owns 1,687,863 shares in the company, valued at $135,029,040. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John F. Slusher sold 110,000 shares of Nike stock in a transaction on Monday, April 1st. The shares were sold at an average price of $85.02, for a total value of $9,352,200.00. The disclosure for this sale can be found here. Insiders have sold 426,500 shares of company stock worth $35,107,665 in the last quarter. 3.90% of the stock is currently owned by corporate insiders.
Shares of NKE stock opened at $87.80 on Wednesday. Nike Inc has a 1-year low of $64.99 and a 1-year high of $88.59. The company has a current ratio of 2.17, a quick ratio of 1.43 and a debt-to-equity ratio of 0.39. The firm has a market cap of $136.48 billion, a PE ratio of 36.28, a price-to-earnings-growth ratio of 2.59 and a beta of 0.67.
Nike (NYSE:NKE) last issued its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. Nike had a return on equity of 45.78% and a net margin of 10.79%. The business had revenue of $9.61 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. Nike’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities research analysts anticipate that Nike Inc will post 2.55 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were issued a dividend of $0.22 per share. The ex-dividend date was Friday, March 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.00%. Nike’s dividend payout ratio is 36.36%.
A number of research firms have recently commented on NKE. JPMorgan Chase & Co. raised Nike from a “neutral” rating to an “overweight” rating and set a $85.00 price objective on the stock in a research note on Friday, December 21st. Stifel Nicolaus reissued a “buy” rating on shares of Nike in a research note on Thursday, December 20th. Telsey Advisory Group boosted their price objective on Nike from $92.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. UBS Group set a $78.00 price objective on Nike and gave the stock a “neutral” rating in a research note on Thursday, December 27th. Finally, Credit Suisse Group set a $90.00 price objective on Nike and gave the stock a “buy” rating in a research note on Friday, December 21st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $87.10.
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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: 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, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.
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