Mcdonald Capital Investors Inc. CA Sells 13,469 Shares of NIKE, Inc. (NYSE:NKE)

Mcdonald Capital Investors Inc. CA reduced its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 1.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 873,722 shares of the footwear maker's stock after selling 13,469 shares during the period. NIKE makes up 3.5% of Mcdonald Capital Investors Inc. CA's holdings, making the stock its 13th largest position. Mcdonald Capital Investors Inc. CA owned approximately 0.06% of NIKE worth $55,464,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Spire Wealth Management grew its stake in NIKE by 4.4% during the 1st quarter. Spire Wealth Management now owns 9,872 shares of the footwear maker's stock valued at $627,000 after purchasing an additional 416 shares during the last quarter. Renaissance Technologies LLC raised its holdings in NIKE by 1,302.7% in the 4th quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock worth $196,901,000 after purchasing an additional 2,416,601 shares during the period. Capitolis Liquid Global Markets LLC raised its holdings in shares of NIKE by 40.9% during the fourth quarter. Capitolis Liquid Global Markets LLC now owns 310,000 shares of the footwear maker's stock valued at $23,458,000 after acquiring an additional 90,000 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of NIKE by 8.3% during the fourth quarter. Janus Henderson Group PLC now owns 6,081,021 shares of the footwear maker's stock valued at $460,160,000 after acquiring an additional 463,470 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its holdings in shares of NIKE by 3.3% during the fourth quarter. Evergreen Capital Management LLC now owns 237,199 shares of the footwear maker's stock valued at $18,042,000 after acquiring an additional 7,536 shares during the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Stock Performance

Shares of NYSE:NKE traded up $1.21 during trading hours on Thursday, hitting $74.77. The stock had a trading volume of 2,138,915 shares, compared to its average volume of 15,226,426. The stock's fifty day simple moving average is $63.42 and its 200 day simple moving average is $67.44. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $90.62. The firm has a market capitalization of $110.59 billion, a price-to-earnings ratio of 34.63, a PEG ratio of 2.68 and a beta of 1.25. 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 (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 analysts' consensus estimates of $0.12 by $0.02. The firm had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.69 billion. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The company's revenue was down 11.9% on a year-over-year basis. During the same quarter last year, the business posted $0.99 EPS. Sell-side analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 2nd were issued a $0.40 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.60 annualized dividend and a yield of 2.14%. NIKE's dividend payout ratio (DPR) is presently 74.07%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft reduced their target price on NIKE from $77.00 to $71.00 and set a "buy" rating for the company in a report on Friday, June 20th. Berenberg Bank assumed coverage on NIKE in a report on Tuesday, April 15th. They issued a "hold" rating and a $58.00 price target for the company. Stifel Nicolaus cut their price target on NIKE from $75.00 to $64.00 and set a "hold" rating for the company in a report on Thursday, April 10th. The Goldman Sachs Group increased their price target on NIKE from $72.00 to $81.00 and gave the company a "buy" rating in a report on Friday, June 27th. Finally, Cfra Research raised NIKE to a "moderate buy" rating in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $77.15.

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.

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