Calamos Advisors LLC Purchases 38,999 Shares of NIKE, Inc. (NYSE:NKE)

Calamos Advisors LLC boosted its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 604,858 shares of the footwear maker's stock after purchasing an additional 38,999 shares during the period. Calamos Advisors LLC's holdings in NIKE were worth $65,669,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of NKE. Xponance Inc. increased its holdings in NIKE by 1.2% in the 4th quarter. Xponance Inc. now owns 224,809 shares of the footwear maker's stock valued at $24,408,000 after acquiring an additional 2,765 shares during the last quarter. Oliver Lagore Vanvalin Investment Group raised its position in NIKE by 17.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 16,321 shares of the footwear maker's stock worth $1,772,000 after purchasing an additional 2,380 shares during the period. Twin Capital Management Inc. raised its position in NIKE by 2.3% in the 4th quarter. Twin Capital Management Inc. now owns 6,574 shares of the footwear maker's stock worth $714,000 after purchasing an additional 145 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in NIKE by 7.3% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 15,458 shares of the footwear maker's stock worth $1,678,000 after purchasing an additional 1,052 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in NIKE by 40.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 271,586 shares of the footwear maker's stock worth $29,485,000 after purchasing an additional 78,614 shares during the period. Hedge funds and other institutional investors own 64.25% of the company's stock.

NIKE Trading Up 0.9 %

Shares of NIKE stock traded up $0.90 during mid-day trading on Thursday, hitting $95.74. 9,619,047 shares of the stock were exchanged, compared to its average volume of 9,591,682. The company has a 50-day simple moving average of $98.31 and a 200 day simple moving average of $103.37. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. NIKE, Inc. has a twelve month low of $88.66 and a twelve month high of $128.68. The stock has a market capitalization of $144.51 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 1.80 and a beta of 1.08.

NIKE (NYSE:NKE - Get Free Report) last released its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.29. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The business had revenue of $12.43 billion for the quarter, compared to analysts' expectations of $12.28 billion. Research analysts forecast that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were given a $0.37 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.48 annualized dividend and a dividend yield of 1.55%. NIKE's dividend payout ratio is presently 43.53%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NKE. HSBC dropped their target price on shares of NIKE from $120.00 to $115.00 and set a "hold" rating on the stock in a research note on Monday, January 22nd. Jefferies Financial Group decreased their price target on shares of NIKE from $110.00 to $100.00 and set a "hold" rating for the company in a report on Friday, March 22nd. Stifel Nicolaus reduced their target price on shares of NIKE from $129.00 to $117.00 and set a "buy" rating for the company in a report on Friday, March 22nd. BMO Capital Markets raised their target price on shares of NIKE from $110.00 to $118.00 and gave the stock an "outperform" rating in a report on Friday, December 22nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of NIKE from $139.00 to $128.00 and set an "overweight" rating for the company in a report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have issued a buy rating to the company's stock. Based on data from MarketBeat, NIKE has a consensus rating of "Moderate Buy" and a consensus price target of $116.26.

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.