NIKE, Inc. $NKE Shares Sold by Mcdonald Capital Investors Inc. CA

Mcdonald Capital Investors Inc. CA reduced its position in NIKE, Inc. (NYSE:NKE) by 3.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 834,114 shares of the footwear maker’s stock after selling 26,726 shares during the quarter. NIKE comprises about 3.6% of Mcdonald Capital Investors Inc. CA’s investment portfolio, making the stock its 13th biggest position. Mcdonald Capital Investors Inc. CA’s holdings in NIKE were worth $58,163,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NKE. Brighton Jones LLC increased its position in NIKE by 388.5% during the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock worth $15,316,000 after purchasing an additional 160,980 shares in the last quarter. Caxton Associates LLP acquired a new position in NIKE during the first quarter valued at approximately $311,000. United Bank grew its stake in NIKE by 11.3% during the second quarter. United Bank now owns 17,067 shares of the footwear maker’s stock worth $1,212,000 after buying an additional 1,736 shares during the period. Freedom Investment Management Inc. purchased a new stake in NIKE during the second quarter worth approximately $262,000. Finally, Bleakley Financial Group LLC increased its position in shares of NIKE by 9.0% in the second quarter. Bleakley Financial Group LLC now owns 13,245 shares of the footwear maker’s stock worth $941,000 after acquiring an additional 1,095 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NKE shares. BTIG Research restated a “buy” rating and set a $100.00 target price on shares of NIKE in a report on Tuesday, January 27th. DZ Bank reissued a “buy” rating on shares of NIKE in a research report on Friday, December 19th. Daiwa Securities Group reduced their price objective on NIKE from $75.00 to $61.00 in a research note on Tuesday, December 23rd. Berenberg Bank reaffirmed a “neutral” rating and issued a $70.00 target price on shares of NIKE in a research report on Friday, December 19th. Finally, Stifel Nicolaus set a $65.00 target price on NIKE and gave the company a “hold” rating in a research note on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $74.61.

Insider Transactions at NIKE

In related news, CEO Elliott Hill purchased 16,388 shares of the company’s stock in a transaction that occurred on Monday, December 29th. The stock was acquired at an average price of $61.10 per share, for a total transaction of $1,001,306.80. Following the completion of the purchase, the chief executive officer owned 241,587 shares in the company, valued at approximately $14,760,965.70. This represents a 7.28% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Holmes Swan purchased 8,691 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was bought at an average cost of $57.54 per share, for a total transaction of $500,080.14. Following the completion of the acquisition, the director directly owned 43,293 shares of the company’s stock, valued at $2,491,079.22. This represents a 25.12% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 75,079 shares of company stock valued at $4,449,887. 0.80% of the stock is currently owned by corporate insiders.

NIKE Stock Down 0.2%

Shares of NIKE stock opened at $65.47 on Monday. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $82.44. The company has a market capitalization of $96.92 billion, a PE ratio of 38.51, a P/E/G ratio of 3.35 and a beta of 1.27. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.06 and a quick ratio of 1.40. The business has a 50-day moving average of $63.47 and a 200-day moving average of $67.37.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, December 18th. The footwear maker reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.16. NIKE had a return on equity of 18.43% and a net margin of 5.43%.The firm had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.19 billion. During the same quarter in the prior year, the business posted $0.78 earnings per share. NIKE’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, March 2nd. NIKE’s dividend payout ratio is 96.47%.

NIKE Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).