Cwm LLC Has $4.36 Million Position in NIKE, Inc. (NYSE:NKE)

Cwm LLC boosted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 19.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,188 shares of the footwear maker’s stock after acquiring an additional 6,485 shares during the quarter. Cwm LLC’s holdings in NIKE were worth $4,363,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Iron Horse Wealth Management LLC raised its position in NIKE by 120.7% during the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 140 shares in the last quarter. Impact Partnership Wealth LLC raised its position in shares of 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. Planned Solutions Inc. bought a new position in shares of NIKE in the fourth quarter valued at approximately $29,000. Raleigh Capital Management Inc. raised its position in shares of NIKE by 134.2% in the third quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock valued at $36,000 after purchasing an additional 216 shares during the period. Finally, Stephens Consulting LLC raised its position in shares of NIKE by 160.0% in the third quarter. Stephens Consulting LLC now owns 390 shares of the footwear maker’s stock valued at $37,000 after purchasing an additional 240 shares during the period. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Down 0.2 %

NKE opened at $94.04 on Wednesday. The firm’s 50-day simple moving average is $97.63 and its 200-day simple moving average is $103.44. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. NIKE, Inc. has a twelve month low of $88.66 and a twelve month high of $128.68. The firm has a market cap of $141.94 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 1.82 and a beta of 1.08.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share 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 analyst estimates of $12.28 billion. Equities research analysts anticipate that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on NKE shares. Bank of America raised shares of NIKE from a “neutral” rating to a “buy” rating and lifted their price target for the company from $110.00 to $113.00 in a research report on Thursday, April 11th. Williams Trading reissued a “sell” rating and issued a $85.00 price target (down previously from $92.00) on shares of NIKE in a research report on Monday, March 18th. The Goldman Sachs Group dropped their price target on shares of NIKE from $135.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Evercore ISI dropped their price target on shares of NIKE from $127.00 to $117.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Finally, UBS Group dropped their target price on shares of NIKE from $138.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $116.26.

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.