NIKE, Inc. (NYSE:NKE) Position Increased by Calamos Advisors LLC

Calamos Advisors LLC grew its stake in shares of NIKE, Inc. (NYSE:NKE) by 6.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 604,858 shares of the footwear maker’s stock after acquiring an additional 38,999 shares during the period. Calamos Advisors LLC’s holdings in NIKE were worth $65,669,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Xponance Inc. boosted its position in shares of NIKE by 1.2% in 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 during the period. Oliver Lagore Vanvalin Investment Group lifted its position in shares of NIKE by 17.1% in 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 acquiring an additional 2,380 shares in the last quarter. Twin Capital Management Inc. grew its position in NIKE by 2.3% during the 4th quarter. Twin Capital Management Inc. now owns 6,574 shares of the footwear maker’s stock worth $714,000 after purchasing an additional 145 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised 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 during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of NIKE by 40.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 271,586 shares of the footwear maker’s stock valued at $29,485,000 after purchasing an additional 78,614 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NKE. Bank of America raised NIKE from a “neutral” rating to a “buy” rating and upped their price target for the company from $110.00 to $113.00 in a research report on Thursday, April 11th. Citigroup decreased their price target on shares of NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, March 14th. Williams Trading reiterated a “sell” rating and issued a $85.00 target price (down previously from $92.00) on shares of NIKE in a research report on Monday, March 18th. Stifel Nicolaus lowered their price target on shares of NIKE from $129.00 to $117.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Finally, UBS Group cut their price objective on NIKE from $138.00 to $125.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.26.

NIKE Trading Up 0.9 %

NKE traded up $0.90 during mid-day trading on Thursday, hitting $95.74. The stock had a trading volume of 9,910,053 shares, compared to its average volume of 9,585,826. NIKE, Inc. has a 1-year low of $88.66 and a 1-year high of $128.68. The firm has a market capitalization of $144.51 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 1.80 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. The stock’s fifty day simple moving average is $98.47 and its 200-day simple moving average is $103.42.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $12.28 billion. As a group, research analysts forecast that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were issued a dividend of $0.37 per share. The ex-dividend date was Friday, March 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.55%. 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.