CHURCHILL MANAGEMENT Corp Raises Stock Position in NIKE, Inc. (NYSE:NKE)


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CHURCHILL MANAGEMENT Corp boosted its position in shares of NIKE, Inc. (NYSE:NKE) by 41.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,743 shares of the footwear maker’s stock after acquiring an additional 11,027 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in NIKE were worth $5,339,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NKE. Adams Wealth Management acquired a new position in shares of NIKE during the third quarter worth $28,000. Sound Income Strategies LLC boosted its position in shares of NIKE by 163.8% in the 3rd quarter. Sound Income Strategies LLC now owns 248 shares of the footwear maker’s stock worth $31,000 after purchasing an additional 154 shares in the last quarter. Newfound Research LLC purchased a new position in NIKE during the 3rd quarter worth $32,000. Planned Solutions Inc. acquired a new position in NIKE during the 3rd quarter valued at about $32,000. Finally, Demars Financial Group LLC purchased a new stake in NIKE in the second quarter valued at about $42,000. Institutional investors own 55.61% of the company’s stock.

Several equities analysts have recently issued reports on NKE shares. BMO Capital Markets upped their price objective on shares of NIKE from $134.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, December 21st. DZ Bank reaffirmed a “sell” rating on shares of NIKE in a report on Monday, January 4th. Raymond James lifted their price objective on shares of NIKE from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, December 21st. Barclays upped their target price on NIKE from $150.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, December 21st. Finally, Rowe lifted their price target on NIKE from $150.00 to $160.00 and gave the stock a “positive” rating in a research report on Wednesday, September 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-eight have issued a buy rating to the stock. NIKE has a consensus rating of “Buy” and an average target price of $153.85.

NKE opened at $143.04 on Thursday. The company has a quick ratio of 1.77, a current ratio of 2.55 and a debt-to-equity ratio of 1.02. NIKE, Inc. has a twelve month low of $60.00 and a twelve month high of $147.95. The company has a market cap of $224.55 billion, a PE ratio of 85.65, a price-to-earnings-growth ratio of 2.76 and a beta of 0.84. The company has a 50-day moving average price of $139.88 and a 200 day moving average price of $120.86.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, December 17th. The footwear maker reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.15. The company had revenue of $11.24 billion during the quarter, compared to analyst estimates of $10.51 billion. NIKE had a return on equity of 34.62% and a net margin of 7.20%. NIKE’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.70 EPS. As a group, sell-side analysts expect that NIKE, Inc. will post 2.85 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 29th. Investors of record on Monday, December 7th were paid a $0.275 dividend. This is an increase from NIKE’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Friday, December 4th. NIKE’s dividend payout ratio is currently 59.46%.

In other NIKE news, CAO Hilary K. Krane sold 5,670 shares of the stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $123.30, for a total value of $699,111.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Chris L. Abston sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 30th. The stock was sold at an average price of $142.16, for a total transaction of $2,843,200.00. The disclosure for this sale can be found here. Insiders sold a total of 450,170 shares of company stock worth $63,160,981 in the last 90 days. 3.80% of the stock is currently owned by insiders.

NIKE Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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