Twin Capital Management Inc. Increases Holdings in NIKE, Inc. (NYSE:NKE)

Twin Capital Management Inc. increased its stake in shares of NIKE, Inc. (NYSE:NKE) by 2.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,574 shares of the footwear maker’s stock after acquiring an additional 145 shares during the quarter. Twin Capital Management Inc.’s holdings in NIKE were worth $714,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Impact Partnership Wealth LLC raised its position in NIKE by 220.7% in the third quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock valued at $25,000 after purchasing an additional 181 shares during the period. Iron Horse Wealth Management LLC raised its position in NIKE by 120.7% in the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 140 shares during the period. Planned Solutions Inc. purchased a new stake in NIKE in the fourth quarter valued at $29,000. Financial Freedom LLC purchased a new stake in NIKE in the fourth quarter valued at $29,000. Finally, Worth Asset Management LLC purchased a new stake in NIKE in the first quarter valued at $32,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Stock Down 1.3 %

NKE opened at $94.53 on Friday. The business has a 50 day moving average price of $98.11 and a two-hundred day moving average price of $103.37. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. The company has a market cap of $142.68 billion, a PE ratio of 27.80, a P/E/G ratio of 1.85 and a beta of 1.08. NIKE, Inc. has a 52 week low of $88.66 and a 52 week high of $128.68.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating the consensus estimate of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The firm had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. As a group, research analysts anticipate that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Friday, March 1st. NIKE’s payout ratio is 43.53%.

Analyst Upgrades and Downgrades

A number of research firms have commented on NKE. UBS Group reduced their target price on NIKE from $138.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. HSBC lowered their target price on NIKE from $120.00 to $115.00 and set a “hold” rating for the company in a research note on Monday, January 22nd. The Goldman Sachs Group lowered their target price on NIKE from $135.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Wells Fargo & Company decreased their price target on NIKE from $125.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Finally, Sanford C. Bernstein decreased their price target on NIKE from $134.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.