Crossmark Global Holdings Inc. Acquires 46,596 Shares of NIKE, Inc. (NYSE:NKE)

Crossmark Global Holdings Inc. lifted its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 19.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 287,281 shares of the footwear maker's stock after purchasing an additional 46,596 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in NIKE were worth $18,237,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in NKE. Heck Capital Advisors LLC bought a new stake in shares of NIKE during the fourth quarter valued at approximately $28,000. LFA Lugano Financial Advisors SA raised its stake in NIKE by 110.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after buying an additional 210 shares during the last quarter. Hopwood Financial Services Inc. bought a new stake in NIKE in the fourth quarter worth $30,000. EnRich Financial Partners LLC boosted its holdings in NIKE by 196.4% in the fourth quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock worth $31,000 after acquiring an additional 273 shares in the last quarter. Finally, Roxbury Financial LLC boosted its holdings in NIKE by 52.1% in the first quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker's stock worth $37,000 after acquiring an additional 201 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.

NIKE Stock Performance

Shares of NYSE NKE traded down $2.57 during trading on Tuesday, hitting $73.96. The company had a trading volume of 19,552,909 shares, compared to its average volume of 15,321,892. The stock has a 50 day simple moving average of $62.75 and a 200 day simple moving average of $67.35. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.50 and a current ratio of 2.21. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $90.62. The firm has a market capitalization of $109.40 billion, a P/E ratio of 34.24, a price-to-earnings-growth ratio of 2.77 and a beta of 1.25.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. NIKE had a return on equity of 23.33% and a net margin of 6.95%. The firm had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.69 billion. During the same quarter last year, the company earned $0.99 earnings per share. The business's revenue for the quarter was down 11.9% compared to the same quarter last year. As a group, analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Monday, June 2nd. NIKE's dividend payout ratio (DPR) is currently 74.07%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on NIKE from $56.00 to $64.00 and gave the stock a "neutral" rating in a report on Friday, June 27th. The Goldman Sachs Group boosted their target price on NIKE from $72.00 to $81.00 and gave the stock a "buy" rating in a report on Friday, June 27th. BMO Capital Markets dropped their target price on NIKE from $95.00 to $92.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Robert W. Baird boosted their target price on NIKE from $80.00 to $88.00 and gave the stock an "outperform" rating in a report on Friday, June 27th. Finally, Williams Trading dropped their target price on NIKE from $93.00 to $73.00 and set a "buy" rating on the stock in a report on Monday, April 21st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, NIKE presently has an average rating of "Moderate Buy" and a consensus target price of $77.19.

NIKE Company Profile

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.