CHURCHILL MANAGEMENT Corp Grows Stock Position in NIKE, Inc. (NYSE:NKE)
CHURCHILL MANAGEMENT Corp increased its stake in shares of NIKE, Inc. (NYSE:NKE) by 41.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 37,743 shares of the footwear maker’s stock after purchasing an additional 11,027 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in NIKE were worth $5,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently bought and sold shares of the stock. Carlson Capital Management raised its position in NIKE by 2.2% during the 4th quarter. Carlson Capital Management now owns 3,414 shares of the footwear maker’s stock worth $500,000 after buying an additional 72 shares during the last quarter. Sonora Investment Management LLC lifted its position in NIKE by 1.1% in the third quarter. Sonora Investment Management LLC now owns 7,550 shares of the footwear maker’s stock valued at $948,000 after purchasing an additional 79 shares during the period. Mcdaniel Terry & Co. boosted its holdings in NIKE by 2.5% in the 3rd quarter. Mcdaniel Terry & Co. now owns 3,236 shares of the footwear maker’s stock valued at $406,000 after purchasing an additional 80 shares in the last quarter. Clarius Group LLC boosted its holdings in NIKE by 0.8% in the 3rd quarter. Clarius Group LLC now owns 11,031 shares of the footwear maker’s stock valued at $1,385,000 after purchasing an additional 84 shares in the last quarter. Finally, Fundamentun LLC raised its stake in shares of NIKE by 0.5% during the 3rd quarter. Fundamentun LLC now owns 15,435 shares of the footwear maker’s stock worth $1,938,000 after buying an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 55.61% of the company’s stock.
Shares of NKE opened at $143.04 on Thursday. NIKE, Inc. has a fifty-two week low of $60.00 and a fifty-two week high of $147.95. The company’s fifty day moving average is $139.88 and its two-hundred day moving average is $120.86. The firm has a market cap of $224.55 billion, a PE ratio of 85.65, a price-to-earnings-growth ratio of 2.76 and a beta of 0.84. The company has a quick ratio of 1.77, a current ratio of 2.55 and a debt-to-equity ratio of 1.02.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 29th. Stockholders of record on Monday, December 7th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.77%. This is an increase from NIKE’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, December 4th. NIKE’s dividend payout ratio (DPR) is 59.46%.
A number of research analysts recently weighed in on NKE shares. The Goldman Sachs Group set a $164.00 price objective on NIKE and gave the stock a “buy” rating in a report on Monday, January 4th. Citigroup upped their price target on shares of NIKE from $115.00 to $137.00 and gave the stock a “buy” rating in a research note on Wednesday, September 23rd. Zacks Investment Research cut shares of NIKE from a “strong-buy” rating to a “hold” rating and set a $141.00 price objective for the company. in a research note on Wednesday, November 25th. Needham & Company LLC upped their target price on shares of NIKE from $149.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, December 21st. Finally, DZ Bank reiterated a “sell” rating on shares of NIKE in a research report on Monday, January 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-eight have given a buy rating to the stock. NIKE presently has an average rating of “Buy” and a consensus price target of $153.85.
In other NIKE news, CAO Hilary K. Krane sold 5,670 shares of NIKE stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $123.30, for a total transaction of $699,111.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Chris L. Abston sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 30th. The stock was sold at an average price of $142.16, for a total transaction of $2,843,200.00. The disclosure for this sale can be found here. Insiders sold a total of 450,170 shares of company stock worth $63,160,981 over the last ninety days. Corporate insiders own 3.80% of the company’s stock.
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.
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