Charles Schwab Investment Management Inc. Has $760.72 Million Position in NIKE, Inc. (NYSE:NKE)

Charles Schwab Investment Management Inc. increased its position in NIKE, Inc. (NYSE:NKE - Free Report) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,602,534 shares of the footwear maker's stock after purchasing an additional 117,187 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.57% of NIKE worth $760,716,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Garrison Point Advisors LLC grew its holdings in NIKE by 1.9% during the third quarter. Garrison Point Advisors LLC now owns 6,704 shares of the footwear maker's stock worth $593,000 after buying an additional 126 shares in the last quarter. Stephens Consulting LLC boosted its holdings in NIKE by 20.0% during the third quarter. Stephens Consulting LLC now owns 768 shares of the footwear maker's stock worth $68,000 after purchasing an additional 128 shares during the last quarter. PSI Advisors LLC grew its position in NIKE by 26.3% in the 3rd quarter. PSI Advisors LLC now owns 624 shares of the footwear maker's stock worth $55,000 after purchasing an additional 130 shares in the last quarter. Chapin Davis Inc. increased its stake in NIKE by 1.2% in the 3rd quarter. Chapin Davis Inc. now owns 11,430 shares of the footwear maker's stock valued at $1,010,000 after buying an additional 133 shares during the last quarter. Finally, Meridian Financial Partners LLC lifted its position in shares of NIKE by 1.6% during the 3rd quarter. Meridian Financial Partners LLC now owns 8,396 shares of the footwear maker's stock worth $742,000 after buying an additional 133 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Williams Trading raised NIKE from a "sell" rating to a "buy" rating and upped their target price for the company from $67.00 to $93.00 in a report on Friday, August 16th. Royal Bank of Canada reduced their price objective on NIKE from $82.00 to $80.00 and set a "sector perform" rating for the company in a research note on Thursday, November 7th. UBS Group raised their target price on NIKE from $78.00 to $82.00 and gave the company a "neutral" rating in a research report on Wednesday, October 2nd. Barclays cut 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. Finally, Robert W. Baird increased their price target on shares of NIKE from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, September 20th. Fourteen research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $96.30.

NIKE Price Performance

NIKE stock opened at $75.29 on Friday. The stock has a market cap of $112.88 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 1.80 and a beta of 1.03. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.57. The business has a 50-day simple moving average of $80.55 and a 200 day simple moving average of $82.78. NIKE, Inc. has a 52 week low of $70.75 and a 52 week high of $123.39.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings data on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.18. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The company had revenue of $11.59 billion for the quarter, compared to analysts' expectations of $11.64 billion. During the same period in the prior year, the business earned $0.94 earnings per share. NIKE's revenue for the quarter was down 10.4% compared to the same quarter last year. On average, research analysts forecast that NIKE, Inc. will post 2.74 earnings per share for the current fiscal year.

NIKE Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.40 per share. This is an increase from NIKE's previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Monday, December 2nd. NIKE's payout ratio is currently 42.41%.

NIKE 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.

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