Clifford Swan Investment Counsel LLC Raises Position in NIKE, Inc. (NYSE:NKE)

Clifford Swan Investment Counsel LLC increased its position in shares of NIKE, Inc. (NYSE:NKE) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 212,120 shares of the footwear maker’s stock after purchasing an additional 335 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in NIKE were worth $23,030,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Concord Wealth Partners lifted its holdings in shares of NIKE by 900.0% in the 3rd quarter. Concord Wealth Partners now owns 1,690 shares of the footwear maker’s stock valued at $162,000 after buying an additional 1,521 shares during the period. Vision Capital Management Inc. raised its position in NIKE by 1.6% in the third quarter. Vision Capital Management Inc. now owns 83,241 shares of the footwear maker’s stock worth $7,960,000 after acquiring an additional 1,322 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in NIKE by 15.0% in the third quarter. Verdence Capital Advisors LLC now owns 4,028 shares of the footwear maker’s stock valued at $385,000 after acquiring an additional 525 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of NIKE by 3.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 524,548 shares of the footwear maker’s stock worth $50,157,000 after purchasing an additional 17,322 shares in the last quarter. Finally, BluePath Capital Management LLC acquired a new position in shares of NIKE during the 3rd quarter worth $130,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Trading Down 0.3 %

NKE traded down $0.26 during midday trading on Friday, hitting $92.15. The company’s stock had a trading volume of 5,736,711 shares, compared to its average volume of 8,740,078. NIKE, Inc. has a 52-week low of $88.66 and a 52-week high of $127.69. The firm has a 50-day moving average price of $95.73 and a two-hundred day moving average price of $103.04. 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 firm has a market cap of $139.09 billion, a P/E ratio of 27.10, a PEG ratio of 1.78 and a beta of 1.07.

NIKE (NYSE:NKE) last released its 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. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The firm had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. On average, research analysts anticipate that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.37 per share. The ex-dividend date is Monday, June 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.61%. NIKE’s payout ratio is 43.53%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NKE shares. UBS Group reduced their price objective 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. Robert W. Baird lowered their price target on NIKE from $140.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Williams Trading reaffirmed a “sell” rating and set a $85.00 price objective (down from $92.00) on shares of NIKE in a report on Monday, March 18th. Evercore ISI decreased their target price on NIKE from $127.00 to $117.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Finally, Barclays dropped their price target on NIKE from $142.00 to $114.00 and set an “overweight” rating for the company in a research report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $116.26.

NIKE 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.