Coldstream Capital Management Inc. Has $6.33 Million Position in NIKE, Inc. $NKE

Coldstream Capital Management Inc. grew its holdings in NIKE, Inc. (NYSE:NKE) by 47.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 88,872 shares of the footwear maker’s stock after buying an additional 28,643 shares during the quarter. Coldstream Capital Management Inc.’s holdings in NIKE were worth $6,331,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its position in NIKE by 344.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 26,698,835 shares of the footwear maker’s stock valued at $1,694,842,000 after acquiring an additional 20,688,013 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of NIKE by 24.9% during the first quarter. Wellington Management Group LLP now owns 45,383,916 shares of the footwear maker’s stock valued at $2,880,971,000 after purchasing an additional 9,043,180 shares during the last quarter. Nuveen LLC acquired a new stake in shares of NIKE in the first quarter valued at approximately $502,285,000. Vanguard Group Inc. increased its holdings in shares of NIKE by 4.6% in the first quarter. Vanguard Group Inc. now owns 113,151,080 shares of the footwear maker’s stock valued at $7,182,831,000 after purchasing an additional 4,957,494 shares in the last quarter. Finally, Generation Investment Management LLP bought a new position in NIKE in the 1st quarter worth approximately $215,768,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Activity at NIKE

In other NIKE news, Chairman Mark G. Parker sold 86,078 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $64.80, for a total value of $5,577,854.40. Following the completion of the transaction, the chairman directly owned 647,615 shares of the company’s stock, valued at approximately $41,965,452. The trade was a 11.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jorgen Vig Knudstorp purchased 16,150 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were acquired at an average cost of $62.09 per share, for a total transaction of $1,002,753.50. Following the transaction, the director owned 21,388 shares of the company’s stock, valued at $1,327,980.92. This trade represents a 308.32% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.80% of the stock is owned by corporate insiders.

NIKE Price Performance

NIKE stock opened at $62.72 on Friday. The company has a current ratio of 2.19, a quick ratio of 1.45 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $92.71 billion, a P/E ratio of 32.16, a PEG ratio of 2.41 and a beta of 1.29. The business has a 50-day moving average of $67.36 and a 200-day moving average of $68.91. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $82.44.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.22. The business had revenue of $11.72 billion for the quarter, compared to the consensus estimate of $10.96 billion. NIKE had a net margin of 6.23% and a return on equity of 21.16%. NIKE’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the company posted $0.70 EPS. On average, equities analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be issued a $0.41 dividend. This is a positive change from NIKE’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.64 annualized dividend and a dividend yield of 2.6%. NIKE’s dividend payout ratio (DPR) is presently 82.05%.

Analyst Ratings Changes

A number of research analysts have commented on NKE shares. Morgan Stanley set a $72.00 price objective on NIKE and gave the company a “positive” rating in a research report on Wednesday, October 1st. DZ Bank upgraded NIKE from a “hold” rating to a “buy” rating in a report on Wednesday, October 1st. UBS Group set a $71.00 price objective on NIKE and gave the stock a “neutral” rating in a research report on Friday, September 19th. Telsey Advisory Group restated a “market perform” rating and set a $75.00 target price on shares of NIKE in a research report on Wednesday, October 1st. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $115.00 price target on shares of NIKE in a research report on Monday, September 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, NIKE currently has an average rating of “Moderate Buy” and an average price target of $82.24.

NIKE Company 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.