Hirtle Callaghan & Co LLC Acquires Shares of 2,646 NIKE, Inc. (NYSE:NKE)

Hirtle Callaghan & Co LLC acquired a new stake in shares of NIKE, Inc. (NYSE:NKE) during the fourth quarter, HoldingsChannel reports. The fund acquired 2,646 shares of the footwear maker’s stock, valued at approximately $200,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Interchange Capital Partners LLC increased its position in NIKE by 9.3% during the 4th quarter. Interchange Capital Partners LLC now owns 3,656 shares of the footwear maker’s stock valued at $277,000 after purchasing an additional 310 shares during the period. Mountain Hill Investment Partners Corp. purchased a new position in NIKE during the 4th quarter valued at $84,000. Stevens Capital Management LP purchased a new position in NIKE during the 4th quarter valued at $2,353,000. Banco de Sabadell S.A increased its position in NIKE by 1.2% during the 4th quarter. Banco de Sabadell S.A now owns 15,966 shares of the footwear maker’s stock valued at $1,208,000 after purchasing an additional 188 shares during the period. Finally, Guardian Partners Inc. purchased a new position in NIKE during the 4th quarter valued at $5,250,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Price Performance

NYSE NKE opened at $68.02 on Monday. NIKE, Inc. has a 52 week low of $65.17 and a 52 week high of $98.04. The firm has a market capitalization of $100.60 billion, a P/E ratio of 20.99, a PEG ratio of 2.52 and a beta of 1.02. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average price of $74.70 and a 200-day moving average price of $77.40.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.28 by $0.26. The firm had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 EPS. Equities research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE’s dividend payout ratio is 53.16%.

Insider Buying and Selling

In other news, Director John W. Rogers, Jr. bought 2,500 shares of NIKE stock in a transaction that occurred on Friday, December 27th. The stock was bought at an average cost of $76.65 per share, with a total value of $191,625.00. Following the acquisition, the director now owns 34,403 shares of the company’s stock, valued at $2,636,989.95. The trade was a 7.84 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the completion of the sale, the chairman now directly owns 896,632 shares of the company’s stock, valued at $65,301,708.56. This represents a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NKE. Morgan Stanley reduced their target price on shares of NIKE from $72.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday. JPMorgan Chase & Co. reduced their target price on shares of NIKE from $73.00 to $64.00 and set a “neutral” rating on the stock in a research report on Friday. China Renaissance began coverage on shares of NIKE in a research report on Wednesday, March 19th. They issued a “hold” rating on the stock. DA Davidson upgraded shares of NIKE to a “strong-buy” rating in a research note on Monday, December 23rd. Finally, BMO Capital Markets dropped their price target on shares of NIKE from $95.00 to $92.00 and set an “outperform” rating on the stock in a research note on Friday. Fifteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $87.38.

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.