NIKE, Inc. $NKE Shares Acquired by Channing Capital Management LLC

Channing Capital Management LLC boosted its holdings in NIKE, Inc. (NYSE:NKE) by 7.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,365 shares of the footwear maker’s stock after purchasing an additional 9,049 shares during the quarter. Channing Capital Management LLC’s holdings in NIKE were worth $9,021,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NKE. Twin Peaks Wealth Advisors LLC acquired a new position in NIKE in the second quarter valued at $31,000. Guerra Advisors Inc purchased a new position in shares of NIKE during the third quarter worth about $34,000. Abich Financial Wealth Management LLC purchased a new position in shares of NIKE during the third quarter worth about $43,000. NewSquare Capital LLC increased its position in NIKE by 54.4% in the 2nd quarter. NewSquare Capital LLC now owns 732 shares of the footwear maker’s stock valued at $52,000 after acquiring an additional 258 shares during the period. Finally, Field & Main Bank raised its stake in NIKE by 36.4% during the 2nd quarter. Field & Main Bank now owns 750 shares of the footwear maker’s stock valued at $53,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NKE. Telsey Advisory Group lowered their target price on NIKE from $75.00 to $72.00 and set a “market perform” rating on the stock in a research note on Friday, December 19th. UBS Group reiterated a “neutral” rating on shares of NIKE in a research report on Monday, January 5th. Weiss Ratings raised shares of NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Robert W. Baird reduced their target price on shares of NIKE from $93.00 to $85.00 and set an “outperform” rating for the company in a research note on Friday, December 19th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of NIKE in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $74.61.

Insider Transactions at NIKE

In other news, Director Robert Holmes Swan acquired 8,691 shares of NIKE stock in a transaction that occurred on Monday, December 22nd. The stock was purchased at an average cost of $57.54 per share, with a total value of $500,080.14. Following the completion of the acquisition, the director owned 43,293 shares in the company, valued at $2,491,079.22. This trade represents a 25.12% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Timothy D. Cook bought 50,000 shares of the stock in a transaction on Monday, December 22nd. The stock was purchased at an average cost of $58.97 per share, for a total transaction of $2,948,500.00. Following the acquisition, the director directly owned 105,480 shares of the company’s stock, valued at $6,220,155.60. The trade was a 90.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 75,079 shares of company stock valued at $4,449,887 in the last quarter. 0.80% of the stock is currently owned by corporate insiders.

NIKE Price Performance

Shares of NYSE NKE opened at $65.47 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.06. NIKE, Inc. has a one year low of $52.28 and a one year high of $82.44. The firm has a market capitalization of $96.92 billion, a P/E ratio of 38.51, a PEG ratio of 3.35 and a beta of 1.27. The company’s fifty day moving average is $63.47 and its two-hundred day moving average is $67.43.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, December 18th. The footwear maker reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.16. The business had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.19 billion. NIKE had a net margin of 5.43% and a return on equity of 18.43%. The business’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 EPS. Analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, March 2nd. NIKE’s dividend payout ratio (DPR) is presently 96.47%.

NIKE Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).