NIKE, Inc. (NYSE:NKE) Stock Position Raised by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 5.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 748,386 shares of the footwear maker's stock after purchasing an additional 37,035 shares during the period. Victory Capital Management Inc.'s holdings in NIKE were worth $66,157,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NKE. Transcendent Capital Group LLC grew its position in NIKE by 97.6% in the 1st quarter. Transcendent Capital Group LLC now owns 405 shares of the footwear maker's stock valued at $38,000 after buying an additional 200 shares during the last quarter. VitalStone Financial LLC raised its position in NIKE by 52.6% in the third quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker's stock worth $38,000 after acquiring an additional 150 shares in the last quarter. Bruce G. Allen Investments LLC lifted its holdings in NIKE by 272.5% in the second quarter. Bruce G. Allen Investments LLC now owns 514 shares of the footwear maker's stock valued at $39,000 after acquiring an additional 376 shares during the period. Triad Wealth Partners LLC acquired a new position in shares of NIKE during the 2nd quarter worth $44,000. Finally, MFA Wealth Advisors LLC purchased a new position in shares of NIKE in the 2nd quarter valued at about $46,000. Hedge funds and other institutional investors own 64.25% of the company's stock.

NIKE Price Performance

NYSE:NKE traded up $1.26 during midday trading on Friday, hitting $76.94. 6,161,238 shares of the stock were exchanged, compared to its average volume of 11,455,603. The business has a 50-day moving average price of $80.97 and a two-hundred day moving average price of $83.39. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $115.36 billion, a price-to-earnings ratio of 21.88, a P/E/G ratio of 1.86 and a beta of 1.03. NIKE, Inc. has a one year low of $70.75 and a one year high of $123.39.

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

NIKE Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.08%. This is a boost from NIKE's previous quarterly dividend of $0.37. NIKE's dividend payout ratio is currently 42.41%.

Analyst Upgrades and Downgrades

NKE has been the subject of a number of research analyst reports. Barclays dropped their target price on shares of NIKE from $84.00 to $81.00 and set an "equal weight" rating for the company in a report on Wednesday, October 2nd. Telsey Advisory Group lowered their target price on NIKE from $100.00 to $96.00 and set an "outperform" rating on the stock in a report on Wednesday, October 2nd. JPMorgan Chase & Co. decreased their price objective on shares of NIKE from $80.00 to $77.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 2nd. Wells Fargo & Company increased their price objective on shares of NIKE from $86.00 to $95.00 and gave the company an "overweight" rating in a research note on Friday, September 20th. Finally, Jefferies Financial Group lifted their target price on shares of NIKE from $80.00 to $85.00 and gave the stock a "hold" rating in a research report on Monday, September 30th. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $96.48.

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.