Fidelis Capital Partners LLC Boosts Holdings in NIKE, Inc. (NYSE:NKE)

Fidelis Capital Partners LLC lifted its stake in NIKE, Inc. (NYSE:NKE) by 40.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,656 shares of the footwear maker’s stock after purchasing an additional 3,348 shares during the period. Fidelis Capital Partners LLC’s holdings in NIKE were worth $1,265,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of NKE. Calamos Advisors LLC increased its stake in shares of NIKE by 6.9% in the 4th quarter. Calamos Advisors LLC now owns 604,858 shares of the footwear maker’s stock worth $65,669,000 after acquiring an additional 38,999 shares in the last quarter. Xponance Inc. increased its stake in NIKE by 1.2% during the 4th quarter. Xponance Inc. now owns 224,809 shares of the footwear maker’s stock valued at $24,408,000 after purchasing an additional 2,765 shares in the last quarter. Oliver Lagore Vanvalin Investment Group increased its stake in NIKE by 17.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 16,321 shares of the footwear maker’s stock valued at $1,772,000 after purchasing an additional 2,380 shares in the last quarter. Twin Capital Management Inc. increased its stake in NIKE by 2.3% during the 4th quarter. Twin Capital Management Inc. now owns 6,574 shares of the footwear maker’s stock valued at $714,000 after purchasing an additional 145 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in NIKE by 7.3% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 15,458 shares of the footwear maker’s stock valued at $1,678,000 after purchasing an additional 1,052 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on NKE shares. TheStreet lowered shares of NIKE from a “b” rating to a “c+” rating in a research note on Tuesday, January 9th. Sanford C. Bernstein reduced their price target on shares of NIKE from $134.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. Williams Trading reiterated a “sell” rating and issued a $85.00 price target (down from $92.00) on shares of NIKE in a research note on Monday, March 18th. Bank of America upgraded shares of NIKE from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $110.00 to $113.00 in a research note on Thursday, April 11th. Finally, 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 research note on Friday, March 22nd. Two equities 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 company. According to MarketBeat.com, NIKE presently has an average rating of “Moderate Buy” and a consensus price target of $116.26.

NIKE Price Performance

Shares of NYSE:NKE traded up $0.90 during midday trading on Thursday, reaching $95.74. 9,619,047 shares of the company were exchanged, compared to its average volume of 9,591,682. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. The business’s fifty day moving average is $98.47 and its two-hundred day moving average is $103.42. NIKE, Inc. has a one year low of $88.66 and a one year high of $128.68. The stock has a market cap of $144.51 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 1.80 and a beta of 1.08.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.29. The company had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. As a group, analysts predict that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Friday, March 1st. NIKE’s payout ratio is 43.53%.

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.