Mcdonald Capital Investors Inc. CA Decreases Stake in NIKE, Inc. $NKE

Mcdonald Capital Investors Inc. CA cut its stake in shares of NIKE, Inc. (NYSE:NKE) by 3.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 834,114 shares of the footwear maker’s stock after selling 26,726 shares during the quarter. NIKE comprises about 3.6% of Mcdonald Capital Investors Inc. CA’s investment portfolio, making the stock its 13th largest position. Mcdonald Capital Investors Inc. CA owned approximately 0.06% of NIKE worth $58,163,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC acquired a new position in NIKE during the second quarter worth about $31,000. Guerra Advisors Inc acquired a new stake in shares of NIKE during the 3rd quarter valued at approximately $34,000. Abich Financial Wealth Management LLC purchased a new stake in shares of NIKE during the 3rd quarter worth approximately $43,000. NewSquare Capital LLC grew its holdings in shares of NIKE by 54.4% in the 2nd quarter. NewSquare Capital LLC now owns 732 shares of the footwear maker’s stock worth $52,000 after acquiring an additional 258 shares during the period. Finally, Field & Main Bank grew its holdings in shares of NIKE by 36.4% in the 2nd quarter. Field & Main Bank now owns 750 shares of the footwear maker’s stock worth $53,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Activity at NIKE

In other NIKE news, Director Robert Holmes Swan bought 8,691 shares of NIKE stock in a transaction that occurred on Monday, December 22nd. The shares were purchased at an average cost of $57.54 per share, for a total transaction of $500,080.14. Following the completion of the transaction, the director owned 43,293 shares of the company’s stock, valued at $2,491,079.22. This represents a 25.12% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy D. Cook purchased 50,000 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was acquired at an average cost of $58.97 per share, for a total transaction of $2,948,500.00. Following the completion of the purchase, the director owned 105,480 shares in the company, valued at $6,220,155.60. The trade was a 90.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders acquired 75,079 shares of company stock worth $4,449,887. 0.80% of the stock is currently owned by insiders.

NIKE Stock Performance

Shares of NYSE NKE opened at $65.47 on Monday. The company has a 50-day simple moving average of $63.47 and a 200-day simple moving average of $67.37. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.06 and a quick ratio of 1.40. The company has a market cap of $96.92 billion, a PE ratio of 38.51, a price-to-earnings-growth ratio of 3.35 and a beta of 1.27. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $82.44.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, December 18th. The footwear maker reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.16. The firm had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.19 billion. NIKE had a net margin of 5.43% and a return on equity of 18.43%. NIKE’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business earned $0.78 earnings per share. On average, equities analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be given a $0.41 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.5%. NIKE’s payout ratio is currently 96.47%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NKE. DZ Bank reaffirmed a “buy” rating on shares of NIKE in a report on Friday, December 19th. Needham & Company LLC cut NIKE from a “buy” rating to a “hold” rating in a research report on Thursday, January 8th. Berenberg Bank reaffirmed a “neutral” rating and set a $70.00 price target on shares of NIKE in a research note on Friday, December 19th. KeyCorp decreased their price objective on shares of NIKE from $90.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $110.00 price objective on shares of NIKE in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $74.61.

About NIKE

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).