Everence Capital Management Inc. Acquires 7,750 Shares of NIKE, Inc. (NYSE:NKE)

Everence Capital Management Inc. increased its holdings in shares of NIKE, Inc. (NYSE:NKE) by 26.3% during the 4th quarter, HoldingsChannel reports. The firm owned 37,190 shares of the footwear maker’s stock after purchasing an additional 7,750 shares during the period. Everence Capital Management Inc.’s holdings in NIKE were worth $4,038,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Oliver Luxxe Assets LLC lifted its stake in NIKE by 2.9% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 37,510 shares of the footwear maker’s stock valued at $3,587,000 after acquiring an additional 1,041 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of NIKE during the 4th quarter worth approximately $8,034,000. Financial Gravity Asset Management Inc. raised its stake in shares of NIKE by 2,332.5% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 184,042 shares of the footwear maker’s stock worth $17,598,000 after purchasing an additional 176,476 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of NIKE by 10,184.3% during the 4th quarter. International Assets Investment Management LLC now owns 388,131 shares of the footwear maker’s stock worth $42,139,000 after purchasing an additional 384,357 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC raised its stake in shares of NIKE by 55.6% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 194,164 shares of the footwear maker’s stock worth $21,080,000 after purchasing an additional 69,363 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Trading Up 0.3 %

NYSE NKE traded up $0.29 during trading hours on Tuesday, hitting $93.39. 10,378,622 shares of the company’s stock were exchanged, compared to its average volume of 9,548,241. The stock has a 50-day simple moving average of $98.83 and a 200 day simple moving average of $103.49. NIKE, Inc. has a 1-year low of $88.66 and a 1-year high of $128.68. The firm has a market cap of $140.96 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 1.79 and a beta of 1.09. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63.

NIKE (NYSE:NKE) last released its earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The business had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.28 billion. On average, equities analysts forecast that NIKE, Inc. will post 3.7 EPS for the current fiscal 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 paid 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 1.58%. NIKE’s dividend payout ratio (DPR) is presently 43.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NKE shares. Jefferies Financial Group dropped their price objective on NIKE from $110.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, March 22nd. Raymond James boosted their target price on NIKE from $121.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday, December 19th. HSBC decreased their target price on NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, January 22nd. UBS Group decreased their target price on NIKE from $138.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Finally, Telsey Advisory Group decreased their price objective on NIKE from $140.00 to $120.00 and set an “outperform” rating on the stock in a report on Monday, March 18th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, NIKE presently has a consensus 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.