NIKE, Inc. (NYSE:NKE) Stock Holdings Lifted by D.A. Davidson & CO.

D.A. Davidson & CO. increased its position in NIKE, Inc. (NYSE:NKE) by 11.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 104,951 shares of the footwear maker’s stock after purchasing an additional 11,108 shares during the period. D.A. Davidson & CO.’s holdings in NIKE were worth $9,278,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC boosted its position in NIKE by 26.2% during the 1st quarter. Tidal Investments LLC now owns 53,670 shares of the footwear maker’s stock worth $5,045,000 after acquiring an additional 11,140 shares during the period. Coppell Advisory Solutions Corp. purchased a new stake in NIKE in the 1st quarter worth approximately $350,000. Beacon Capital Management LLC grew its holdings in shares of NIKE by 111.2% during the 1st quarter. Beacon Capital Management LLC now owns 604 shares of the footwear maker’s stock valued at $57,000 after acquiring an additional 318 shares in the last quarter. New Covenant Trust Company N.A. acquired a new position in shares of NIKE in the first quarter worth $109,000. Finally, CCM Investment Advisers LLC boosted its position in NIKE by 7.6% during the first quarter. CCM Investment Advisers LLC now owns 122,378 shares of the footwear maker’s stock valued at $11,501,000 after purchasing an additional 8,638 shares during the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Price Performance

Shares of NIKE stock opened at $77.61 on Wednesday. NIKE, Inc. has a twelve month low of $70.75 and a twelve month high of $123.39. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 2.36. The firm has a market cap of $116.37 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 1.92 and a beta of 1.03. The firm’s 50-day simple moving average is $80.44 and its 200-day simple moving average is $82.32.

NIKE (NYSE:NKE) last released its quarterly earnings data on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.18. The company had revenue of $11.59 billion for the quarter, compared to analyst estimates of $11.64 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The company’s revenue was down 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.94 EPS. As a group, research analysts expect that NIKE, Inc. will post 2.75 EPS for the current fiscal year.

NIKE Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.40 per share. This is a positive change from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Monday, December 2nd. NIKE’s dividend payout ratio is currently 42.41%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NKE. Robert W. Baird raised their price target on NIKE from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Barclays reduced their target price on shares of NIKE from $84.00 to $81.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 2nd. Bank of America cut their price target on shares of NIKE from $104.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, October 2nd. Needham & Company LLC assumed coverage on NIKE in a report on Friday, November 22nd. They set a “buy” rating and a $84.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on NIKE from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, October 2nd. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $95.86.

About NIKE

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.