Jacobs & Co. CA Acquires 2,777 Shares of NIKE, Inc. (NYSE:NKE)

Jacobs & Co. CA lifted its position in shares of NIKE, Inc. (NYSE:NKE) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,811 shares of the footwear maker’s stock after acquiring an additional 2,777 shares during the quarter. NIKE makes up approximately 1.6% of Jacobs & Co. CA’s portfolio, making the stock its 17th biggest position. Jacobs & Co. CA’s holdings in NIKE were worth $14,093,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NKE. Moneta Group Investment Advisors LLC lifted its holdings in NIKE by 139,649.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,813,307 shares of the footwear maker’s stock worth $1,967,325,000 after buying an additional 16,801,276 shares during the period. Norges Bank bought a new position in shares of NIKE in the 4th quarter worth about $1,345,203,000. Newport Trust Company LLC bought a new position in shares of NIKE in the 3rd quarter worth about $679,775,000. Morgan Stanley raised its position in shares of NIKE by 26.4% in the 4th quarter. Morgan Stanley now owns 30,720,119 shares of the footwear maker’s stock worth $3,594,561,000 after acquiring an additional 6,410,744 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of NIKE by 6.8% in the 2nd quarter. BlackRock Inc. now owns 92,826,102 shares of the footwear maker’s stock worth $10,245,217,000 after acquiring an additional 5,917,963 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Performance

NYSE NKE opened at $94.15 on Thursday. The company has a 50-day simple moving average of $101.65 and a two-hundred day simple moving average of $103.69. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. NIKE, Inc. has a 12-month low of $88.66 and a 12-month high of $128.68. The firm has a market cap of $143.29 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 1.74 and a beta of 1.10.

NIKE (NYSE:NKE) last posted its quarterly earnings results 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 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 analyst estimates of $12.28 billion. On average, equities analysts forecast that NIKE, Inc. will post 3.7 EPS for the current year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 4th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, March 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.57%. NIKE’s dividend payout ratio is currently 43.53%.

Wall Street Analyst Weigh In

NKE has been the subject of a number of research analyst reports. Oppenheimer lowered NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 target price for the company. in a research report on Friday, February 16th. HSBC decreased their price objective on NIKE from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, January 22nd. DZ Bank raised NIKE from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a report on Tuesday, December 12th. Deutsche Bank Aktiengesellschaft decreased their price objective on NIKE from $132.00 to $128.00 and set a “buy” rating for the company in a report on Friday, December 22nd. Finally, Citigroup cut their target price 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 investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $116.75.

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.