NCM Capital Management LLC Has $998,000 Position in NIKE, Inc. (NYSE:NKE)

NCM Capital Management LLC decreased its position in shares of NIKE, Inc. (NYSE:NKE) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,285 shares of the footwear maker’s stock after selling 200 shares during the quarter. NCM Capital Management LLC’s holdings in NIKE were worth $998,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. L.M. Kohn & Company increased its position in NIKE by 2.5% in the third quarter. L.M. Kohn & Company now owns 9,028 shares of the footwear maker’s stock worth $798,000 after purchasing an additional 223 shares during the period. PDT Partners LLC bought a new position in shares of NIKE in the 3rd quarter valued at about $229,000. Auxier Asset Management grew its position in shares of NIKE by 1.2% during the 3rd quarter. Auxier Asset Management now owns 14,001 shares of the footwear maker’s stock worth $1,238,000 after buying an additional 160 shares during the period. William Allan Corp raised its stake in shares of NIKE by 10.1% during the third quarter. William Allan Corp now owns 42,681 shares of the footwear maker’s stock worth $3,773,000 after buying an additional 3,911 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in NIKE by 0.8% in the third quarter. Rockefeller Capital Management L.P. now owns 509,831 shares of the footwear maker’s stock valued at $45,074,000 after buying an additional 4,131 shares during the period. 64.25% of the stock is currently owned by institutional investors.

NIKE Stock Performance

NKE opened at $78.77 on Friday. The business’s 50-day simple moving average is $80.18 and its 200 day simple moving average is $82.17. NIKE, Inc. has a 52-week low of $70.75 and a 52-week high of $123.39. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 2.36. The firm has a market capitalization of $118.10 billion, a PE ratio of 22.57, a PEG ratio of 1.90 and a beta of 1.03.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.18. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The company had revenue of $11.59 billion for the quarter, compared to analysts’ expectations of $11.64 billion. During the same quarter in the prior year, the business posted $0.94 EPS. The business’s revenue was down 10.4% compared to the same quarter last year. As a group, sell-side analysts expect that NIKE, Inc. will post 2.75 earnings per share for the current fiscal year.

NIKE Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Monday, December 2nd. This is an increase from NIKE’s previous quarterly dividend of $0.37. NIKE’s dividend payout ratio (DPR) is 45.85%.

Analyst Ratings Changes

NKE has been the subject of a number of analyst reports. Jefferies Financial Group lifted their target price on shares of NIKE from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Monday, September 30th. Stifel Nicolaus dropped their price objective on NIKE from $88.00 to $79.00 and set a “hold” rating for the company in a report on Monday, August 26th. Morgan Stanley increased their target price on NIKE from $79.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Needham & Company LLC started coverage on NIKE in a research report on Friday, November 22nd. They set a “buy” rating and a $84.00 target price for the company. Finally, Evercore ISI cut their price target on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Fourteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $95.86.

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.