NIKE, Inc. (NYSE:NKE) Shares Acquired by Telos Capital Management Inc.

Telos Capital Management Inc. boosted its holdings in NIKE, Inc. (NYSE:NKE) by 1.9% during the fourth quarter, HoldingsChannel reports. The fund owned 44,387 shares of the footwear maker’s stock after buying an additional 844 shares during the period. Telos Capital Management Inc.’s holdings in NIKE were worth $4,819,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in NKE. Moneta Group Investment Advisors LLC lifted its holdings in NIKE by 139,649.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,813,307 shares of the footwear maker’s stock valued at $1,967,325,000 after acquiring an additional 16,801,276 shares during the last quarter. Norges Bank acquired a new position in NIKE in the fourth quarter valued at approximately $1,345,203,000. Newport Trust Company LLC acquired a new position in NIKE in the third quarter valued at approximately $679,775,000. Morgan Stanley lifted its holdings in NIKE by 26.4% in the fourth quarter. Morgan Stanley now owns 30,720,119 shares of the footwear maker’s stock valued at $3,594,561,000 after acquiring an additional 6,410,744 shares during the last quarter. Finally, Flossbach Von Storch AG lifted its holdings in NIKE by 433.5% in the third quarter. Flossbach Von Storch AG now owns 4,128,587 shares of the footwear maker’s stock valued at $394,775,000 after acquiring an additional 3,354,677 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NKE has been the topic of a number of recent analyst reports. UBS Group decreased their price objective on NIKE from $138.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. BMO Capital Markets upped their price target on NIKE from $110.00 to $118.00 and gave the stock an “outperform” rating in a research note on Friday, December 22nd. JPMorgan Chase & Co. decreased their price target on NIKE from $139.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, December 22nd. Barclays decreased their price target on NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a research note on Monday, March 25th. Finally, Citigroup decreased their price target on NIKE from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $116.26.

NIKE Stock Performance

Shares of NKE stock traded up $1.48 during mid-day trading on Wednesday, hitting $94.87. 6,499,276 shares of the stock were exchanged, compared to its average volume of 9,533,938. The stock’s fifty day simple moving average is $98.65 and its two-hundred day simple moving average is $103.48. The stock has a market capitalization of $143.19 billion, a price-to-earnings ratio of 27.47, a P/E/G ratio of 1.80 and a beta of 1.08. NIKE, Inc. has a 12-month low of $88.66 and a 12-month high of $128.68. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.29. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The business had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. On average, analysts forecast that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.48 annualized dividend and a dividend yield of 1.56%. NIKE’s dividend payout ratio (DPR) 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.