Carl P. Sherr & Co. LLC Acquires 10,147 Shares of NIKE, Inc. (NYSE:NKE)

Carl P. Sherr & Co. LLC grew its position in shares of NIKE, Inc. (NYSE:NKE) by 101.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,112 shares of the footwear maker’s stock after buying an additional 10,147 shares during the period. NIKE makes up 0.9% of Carl P. Sherr & Co. LLC’s holdings, making the stock its 25th biggest position. Carl P. Sherr & Co. LLC’s holdings in NIKE were worth $1,778,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Teachers Insurance & Annuity Association of America bought a new position in NIKE during the 3rd quarter worth $30,000. Public Sector Pension Investment Board grew its holdings in shares of NIKE by 9.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 51,000 shares of the footwear maker’s stock worth $4,508,000 after purchasing an additional 4,500 shares in the last quarter. Noesis Capital Mangement Corp grew its holdings in shares of NIKE by 6.2% during the 3rd quarter. Noesis Capital Mangement Corp now owns 132,238 shares of the footwear maker’s stock worth $11,690,000 after purchasing an additional 7,749 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of NIKE by 4.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 548,318 shares of the footwear maker’s stock worth $48,471,000 after purchasing an additional 24,614 shares in the last quarter. Finally, Providence Capital Advisors LLC grew its holdings in shares of NIKE by 29.3% during the 3rd quarter. Providence Capital Advisors LLC now owns 78,784 shares of the footwear maker’s stock worth $6,965,000 after purchasing an additional 17,871 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Up 0.9 %

NKE stock opened at $78.34 on Friday. The stock’s fifty day simple moving average is $80.34 and its two-hundred day simple moving average is $82.27. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 1-year low of $70.75 and a 1-year high of $123.39. The stock has a market cap of $117.46 billion, a P/E ratio of 22.45, a P/E/G ratio of 1.90 and a beta of 1.03.

NIKE (NYSE:NKE) last issued its earnings results on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.18. The firm had revenue of $11.59 billion for the quarter, compared to analyst estimates of $11.64 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The business’s revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 earnings per share. Analysts expect that NIKE, Inc. will post 2.75 EPS for the current year.

NIKE Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a $0.40 dividend. The ex-dividend date is Monday, December 2nd. This is a positive change from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a dividend yield of 2.04%. NIKE’s payout ratio is presently 42.41%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NKE. TD Cowen reduced their target price on NIKE from $78.00 to $73.00 and set a “hold” rating on the stock in a report on Monday, November 18th. Stifel Nicolaus reduced their target price on NIKE from $88.00 to $79.00 and set a “hold” rating on the stock in a report on Monday, August 26th. Robert W. Baird increased their target price on NIKE from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Daiwa America lowered NIKE from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Finally, Telsey Advisory Group reduced their price objective on NIKE from $100.00 to $96.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Fourteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.86.

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.