Cwm LLC Has $4.36 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

Cwm LLC lifted its position in shares of NIKE, Inc. (NYSE:NKE) by 19.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,188 shares of the footwear maker’s stock after buying an additional 6,485 shares during the quarter. Cwm LLC’s holdings in NIKE were worth $4,363,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Excalibur Management Corp lifted its holdings in shares of NIKE by 1.9% during the third quarter. Excalibur Management Corp now owns 5,148 shares of the footwear maker’s stock worth $492,000 after buying an additional 98 shares in the last quarter. Baxter Bros Inc. lifted its holdings in shares of NIKE by 2.0% during the third quarter. Baxter Bros Inc. now owns 5,045 shares of the footwear maker’s stock worth $482,000 after buying an additional 100 shares in the last quarter. First Pacific Financial lifted its holdings in shares of NIKE by 1.3% during the third quarter. First Pacific Financial now owns 8,098 shares of the footwear maker’s stock worth $774,000 after buying an additional 100 shares in the last quarter. Jeppson Wealth Management LLC lifted its holdings in shares of NIKE by 4.5% during the third quarter. Jeppson Wealth Management LLC now owns 2,315 shares of the footwear maker’s stock worth $221,000 after buying an additional 100 shares in the last quarter. Finally, Cairn Investment Group Inc. lifted its holdings in shares of NIKE by 4.2% during the third quarter. Cairn Investment Group Inc. now owns 2,500 shares of the footwear maker’s stock worth $239,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $100.00 price target (down previously from $110.00) on shares of NIKE in a research note on Friday, March 22nd. Citigroup dropped their price target on NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. Evercore ISI dropped their price target on NIKE from $127.00 to $117.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. Sanford C. Bernstein cut their price objective on NIKE from $134.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Finally, Truist Financial reaffirmed a “hold” rating and issued a $111.00 price objective on shares of NIKE in a research note on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.26.

NIKE Trading Down 0.2 %

Shares of NIKE stock opened at $94.04 on Wednesday. The stock has a fifty day simple moving average of $97.63 and a 200 day simple moving average of $103.44. NIKE, Inc. has a 12-month low of $88.66 and a 12-month high of $128.68. The company has a market capitalization of $141.94 billion, a P/E ratio of 27.66, a price-to-earnings-growth ratio of 1.82 and a beta of 1.08. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.29. The firm had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. On average, sell-side analysts anticipate that NIKE, Inc. will post 3.73 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.48 dividend on an annualized basis and a yield of 1.57%. NIKE’s dividend payout ratio (DPR) is presently 43.53%.

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.