NIKE, Inc. (NYSE:NKE) Holdings Trimmed by Mengis Capital Management Inc.

Mengis Capital Management Inc. decreased its stake in shares of NIKE, Inc. (NYSE:NKEFree Report) by 1.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,208 shares of the footwear maker’s stock after selling 200 shares during the quarter. Mengis Capital Management Inc.’s holdings in NIKE were worth $1,072,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NKE. BCK Partners Inc. bought a new stake in NIKE in the first quarter valued at about $2,839,000. Loomis Sayles & Co. L P boosted its position in NIKE by 138.2% in the first quarter. Loomis Sayles & Co. L P now owns 11,233 shares of the footwear maker’s stock valued at $1,511,000 after buying an additional 6,518 shares in the last quarter. Merit Financial Group LLC boosted its position in NIKE by 13.3% in the first quarter. Merit Financial Group LLC now owns 1,588 shares of the footwear maker’s stock valued at $214,000 after buying an additional 186 shares in the last quarter. Bridgewater Associates LP acquired a new position in NIKE in the first quarter valued at about $278,000. Finally, Federated Hermes Inc. boosted its position in NIKE by 9.8% in the first quarter. Federated Hermes Inc. now owns 433,950 shares of the footwear maker’s stock valued at $58,392,000 after buying an additional 38,903 shares in the last quarter. Institutional investors own 63.42% of the company’s stock.

Wall Street Analyst Weigh In

NKE has been the topic of a number of recent analyst reports. Telsey Advisory Group boosted their price target on shares of NIKE from $128.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, December 15th. TD Cowen reiterated a “market perform” rating and set a $104.00 target price (down from $129.00) on shares of NIKE in a research report on Friday, December 22nd. HSBC reduced their target price on shares of NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, January 22nd. Stifel Nicolaus reduced their target price on shares of NIKE from $135.00 to $129.00 and set a “buy” rating on the stock in a research report on Friday, December 22nd. Finally, Raymond James increased their price objective on shares of NIKE from $121.00 to $130.00 and gave the company an “outperform” rating in a report on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, NIKE presently has a consensus rating of “Moderate Buy” and an average price target of $123.62.

Check Out Our Latest Stock Analysis on NIKE

NIKE Stock Performance

NYSE:NKE traded up $2.68 during mid-day trading on Monday, reaching $107.18. 7,493,994 shares of the company’s stock were exchanged, compared to its average volume of 8,801,583. NIKE, Inc. has a one year low of $88.66 and a one year high of $128.68. The firm has a market capitalization of $163.12 billion, a PE ratio of 30.54, a price-to-earnings-growth ratio of 1.94 and a beta of 1.11. The business’s fifty day simple moving average is $108.07 and its two-hundred day simple moving average is $104.39. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.85 and a current ratio of 2.74.

NIKE (NYSE:NKEGet Free Report) last announced its quarterly earnings results on Thursday, December 21st. The footwear maker reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.19. The company had revenue of $13.40 billion for the quarter, compared to analyst estimates of $13.39 billion. NIKE had a net margin of 10.28% and a return on equity of 37.41%. The firm’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 EPS. Analysts anticipate that NIKE, Inc. will post 3.57 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 4th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, March 1st. This represents a $1.48 annualized dividend and a yield of 1.38%. NIKE’s dividend payout ratio is presently 43.27%.

Insider Buying and Selling

In other news, EVP Monique S. Matheson sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $119.00, for a total value of $1,190,000.00. Following the transaction, the executive vice president now owns 44,736 shares in the company, valued at approximately $5,323,584. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is owned by corporate insiders.

About NIKE

(Free Report)

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.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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