Intech Investment Management LLC Buys 1,580 Shares of NIKE, Inc. (NYSE:NKE)

Intech Investment Management LLC raised its stake in shares of NIKE, Inc. (NYSE:NKE) by 3.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 51,478 shares of the footwear maker’s stock after purchasing an additional 1,580 shares during the period. Intech Investment Management LLC’s holdings in NIKE were worth $4,551,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Moors & Cabot Inc. increased its holdings in NIKE by 18.7% in the 3rd quarter. Moors & Cabot Inc. now owns 18,151 shares of the footwear maker’s stock worth $1,605,000 after acquiring an additional 2,854 shares in the last quarter. EagleClaw Capital Managment LLC increased its stake in shares of NIKE by 2.3% in the third quarter. EagleClaw Capital Managment LLC now owns 324,624 shares of the footwear maker’s stock worth $28,697,000 after purchasing an additional 7,318 shares in the last quarter. Grandfield & Dodd LLC raised its position in shares of NIKE by 44.2% during the 3rd quarter. Grandfield & Dodd LLC now owns 69,543 shares of the footwear maker’s stock valued at $6,148,000 after purchasing an additional 21,329 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of NIKE by 39.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 48,282 shares of the footwear maker’s stock valued at $4,268,000 after buying an additional 13,689 shares in the last quarter. Finally, NS Partners Ltd boosted its holdings in NIKE by 1.9% in the 3rd quarter. NS Partners Ltd now owns 237,982 shares of the footwear maker’s stock worth $21,038,000 after buying an additional 4,332 shares during the period. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

NIKE stock opened at $77.40 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58. The stock has a market cap of $116.05 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 1.80 and a beta of 1.03. The firm has a 50-day moving average of $80.51 and a two-hundred day moving average of $82.67. NIKE, Inc. has a 1 year low of $70.75 and a 1 year high of $123.39.

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 the consensus estimate of $0.52 by $0.18. The company had revenue of $11.59 billion for the quarter, compared to analysts’ expectations of $11.64 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. NIKE’s revenue was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.94 earnings per share. On average, research analysts forecast that NIKE, Inc. will post 2.74 earnings per share for the current year.

NIKE Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be issued a $0.40 dividend. This is an increase from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Monday, December 2nd. NIKE’s payout ratio is presently 42.41%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on NIKE from $86.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of NIKE from $95.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, October 2nd. Barclays reduced their price target on shares of NIKE from $84.00 to $81.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 2nd. Royal Bank of Canada dropped their price objective on shares of NIKE from $82.00 to $80.00 and set a “sector perform” rating for the company in a report on Thursday, November 7th. Finally, Daiwa America cut NIKE from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 11th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, NIKE currently has an average rating of “Moderate Buy” and a consensus price target of $95.86.

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.