2,781 Shares in NIKE, Inc. (NYSE:NKE) Bought by Concentrum Wealth Management

Concentrum Wealth Management acquired a new position in NIKE, Inc. (NYSE:NKE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,781 shares of the footwear maker’s stock, valued at approximately $302,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Los Angeles Capital Management LLC lifted its holdings in NIKE by 147.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,067,609 shares of the footwear maker’s stock valued at $115,910,000 after buying an additional 636,408 shares in the last quarter. Natixis Advisors L.P. lifted its holdings in NIKE by 47.7% during the 4th quarter. Natixis Advisors L.P. now owns 762,261 shares of the footwear maker’s stock valued at $82,758,000 after buying an additional 246,243 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in NIKE by 1.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 432,198 shares of the footwear maker’s stock valued at $46,924,000 after buying an additional 7,894 shares in the last quarter. West Family Investments Inc. lifted its holdings in NIKE by 4.4% during the 4th quarter. West Family Investments Inc. now owns 2,816 shares of the footwear maker’s stock valued at $306,000 after buying an additional 118 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in NIKE by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 9,887,769 shares of the footwear maker’s stock valued at $1,073,515,000 after buying an additional 219,091 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Stock Performance

NIKE stock traded up $1.94 during midday trading on Thursday, hitting $92.28. 4,192,376 shares of the company were exchanged, compared to its average volume of 9,283,939. NIKE, Inc. has a fifty-two week low of $88.66 and a fifty-two week high of $128.38. The firm has a market capitalization of $139.28 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07. The business has a fifty day simple moving average of $96.25 and a two-hundred day simple moving average of $103.19. 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 (NYSE:NKE) last posted its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, beating 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 firm had revenue of $12.43 billion during the quarter, compared to analyst estimates of $12.28 billion. On average, sell-side analysts forecast that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.48 dividend on an annualized basis and a yield of 1.60%. NIKE’s payout ratio is 43.53%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Barclays decreased their price objective on shares of NIKE from $142.00 to $114.00 and set an “overweight” rating for the company in a report on Monday, March 25th. Citigroup reduced their price target on shares of NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, March 14th. UBS Group reduced their price target on shares of NIKE from $138.00 to $125.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Jefferies Financial Group reduced 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. Finally, Evercore ISI reduced their price target on shares of NIKE from $127.00 to $117.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, NIKE has an average rating of “Moderate Buy” and an average price target of $116.26.

NIKE 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.