Doheny Asset Management CA Invests $220,000 in NIKE, Inc. (NYSE:NKE)

Doheny Asset Management CA bought a new position in shares of NIKE, Inc. (NYSE:NKE) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 2,025 shares of the footwear maker’s stock, valued at approximately $220,000.

A number of other large investors also recently made changes to their positions in the company. Iron Horse Wealth Management LLC grew its position in NIKE by 120.7% during the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after buying an additional 140 shares in the last quarter. Planned Solutions Inc. acquired a new stake in NIKE during the fourth quarter worth approximately $29,000. Mizuho Securities Co. Ltd. grew its position in NIKE by 100.0% during the fourth quarter. Mizuho Securities Co. Ltd. now owns 340 shares of the footwear maker’s stock worth $37,000 after buying an additional 170 shares in the last quarter. NewSquare Capital LLC grew its position in NIKE by 372.0% during the fourth quarter. NewSquare Capital LLC now owns 354 shares of the footwear maker’s stock worth $38,000 after buying an additional 279 shares in the last quarter. Finally, Raleigh Capital Management Inc. grew its position in NIKE by 134.2% during the third quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock worth $36,000 after buying an additional 216 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Trading Up 2.1 %

NYSE:NKE traded up $1.90 during trading hours on Thursday, hitting $92.24. 4,253,124 shares of the company were exchanged, compared to its average volume of 9,283,939. The stock has a market capitalization of $139.22 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07. 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, Inc. has a one year low of $88.66 and a one year high of $128.38. The company has a fifty day simple moving average of $96.25 and a 200 day simple moving average of $103.19.

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

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Friday, March 1st. NIKE’s dividend payout ratio (DPR) is presently 43.53%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NKE. Sanford C. Bernstein reduced their price target on NIKE from $134.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Jefferies Financial Group reduced their target price on NIKE from $110.00 to $100.00 and set a “hold” rating on the stock in a report on Friday, March 22nd. The Goldman Sachs Group reduced their target price on NIKE from $135.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. UBS Group reduced their target price on NIKE from $138.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $115.00 target price on shares of NIKE in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $116.26.

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.