Coldstream Capital Management Inc. Invests $4.09 Million in NIKE, Inc. (NYSE:NKE)

Coldstream Capital Management Inc. bought a new position in shares of NIKE, Inc. (NYSE:NKE – Get Rating) in the 4th quarter, HoldingsChannel reports. The fund bought 34,969 shares of the footwear maker’s stock, valued at approximately $4,092,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Turim 21 Investimentos Ltda. grew its position in NIKE by 821.1% in the 3rd quarter. Turim 21 Investimentos Ltda. now owns 350 shares of the footwear maker’s stock worth $29,000 after purchasing an additional 312 shares in the last quarter. Worth Asset Management LLC bought a new stake in NIKE in the 1st quarter worth about $32,000. Ameliora Wealth Management Ltd. bought a new stake in NIKE in the 3rd quarter worth about $33,000. Moisand Fitzgerald Tamayo LLC grew its position in NIKE by 32.8% in the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 482 shares of the footwear maker’s stock worth $40,000 after purchasing an additional 119 shares in the last quarter. Finally, Penserra Capital Management LLC bought a new stake in NIKE in the 3rd quarter worth about $42,000. 63.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on NKE. UBS Group set a $151.00 price objective on shares of NIKE in a research report on Monday, March 13th. StockNews.com initiated coverage on shares of NIKE in a research report on Thursday. They set a “hold” rating for the company. BMO Capital Markets increased their target price on shares of NIKE from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, December 21st. Wells Fargo & Company increased their target price on shares of NIKE from $135.00 to $146.00 and gave the company an “overweight” rating in a research report on Thursday, January 26th. Finally, OTR Global raised shares of NIKE from a “mixed” rating to a “positive” rating in a research report on Friday, March 10th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, NIKE has a consensus rating of “Moderate Buy” and a consensus target price of $129.66.

Insider Activity at NIKE

In other NIKE news, Director Peter B. Henry bought 557 shares of NIKE stock in a transaction that occurred on Tuesday, February 7th. The shares were bought at an average price of $125.45 per share, with a total value of $69,875.65. Following the acquisition, the director now owns 4,062 shares in the company, valued at $509,577.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Monique S. Matheson sold 5,000 shares of the stock in a transaction on Friday, January 6th. The shares were sold at an average price of $124.00, for a total transaction of $620,000.00. Following the transaction, the executive vice president now owns 60,213 shares of the company’s stock, valued at approximately $7,466,412. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Peter B. Henry bought 557 shares of NIKE stock in a transaction that occurred on Tuesday, February 7th. The shares were acquired at an average cost of $125.45 per share, for a total transaction of $69,875.65. Following the acquisition, the director now owns 4,062 shares in the company, valued at approximately $509,577.90. The disclosure for this purchase can be found here. 0.40% of the stock is owned by insiders.

NIKE Price Performance

Shares of NYSE:NKE opened at $120.39 on Friday. The company’s fifty day moving average price is $123.67 and its 200-day moving average price is $109.91. The firm has a market capitalization of $186.67 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 3.81 and a beta of 1.10. NIKE, Inc. has a one year low of $82.22 and a one year high of $139.86. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.69 and a quick ratio of 1.78.

NIKE (NYSE:NKE – Get Rating) last issued its quarterly earnings results on Tuesday, December 20th. The footwear maker reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.20. The firm had revenue of $13.32 billion for the quarter, compared to analyst estimates of $12.61 billion. NIKE had a net margin of 11.47% and a return on equity of 36.83%. On average, equities research analysts anticipate that NIKE, Inc. will post 3.13 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Monday, March 6th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Friday, March 3rd. NIKE’s dividend payout ratio is currently 38.31%.

About NIKE

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NIKE, Inc engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America, Europe, Middle East & Africa, Greater China, Asia Pacific & Latin America, Global Brand Divisions, Converse, and Corporate.