Mcdonald Capital Investors Inc. CA Has $51.76 Million Stock Holdings in NIKE, Inc. $NKE

Mcdonald Capital Investors Inc. CA lessened its holdings in shares of NIKE, Inc. (NYSE:NKE) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 812,401 shares of the footwear maker’s stock after selling 21,713 shares during the quarter. NIKE makes up 3.2% of Mcdonald Capital Investors Inc. CA’s investment portfolio, making the stock its 16th largest holding. Mcdonald Capital Investors Inc. CA owned 0.05% of NIKE worth $51,758,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Guerra Advisors Inc acquired a new stake in NIKE during the third quarter valued at $34,000. Gordian Capital Singapore Pte Ltd bought a new stake in NIKE during the 3rd quarter valued at approximately $35,000. Accredited Wealth Management LLC lifted its holdings in shares of NIKE by 268.6% during the third quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock worth $36,000 after buying an additional 376 shares during the last quarter. Matrix Trust Co boosted its holdings in NIKE by 43.6% in the 4th quarter. Matrix Trust Co now owns 596 shares of the footwear maker’s stock valued at $38,000 after purchasing an additional 181 shares during the period. Finally, Strive Asset Management LLC acquired a new stake in NIKE during the third quarter worth about $40,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NIKE

In other news, Director Timothy D. Cook bought 25,000 shares of the stock in a transaction on Friday, April 10th. The stock was acquired at an average price of $42.43 per share, with a total value of $1,060,750.00. Following the acquisition, the director directly owned 130,480 shares in the company, valued at approximately $5,536,266.40. This trade represents a 23.70% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Elliott Hill purchased 23,660 shares of the firm’s stock in a transaction dated Monday, April 13th. The stock was bought at an average cost of $42.27 per share, with a total value of $1,000,108.20. Following the purchase, the chief executive officer owned 265,247 shares of the company’s stock, valued at approximately $11,211,990.69. This trade represents a 9.79% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 64,441 shares of company stock valued at $2,734,204 over the last quarter. 0.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on NKE. Citigroup reduced their price objective on shares of NIKE from $65.00 to $53.00 and set a “neutral” rating for the company in a report on Wednesday, April 1st. Evercore dropped their target price on NIKE from $69.00 to $57.00 and set an “outperform” rating for the company in a report on Wednesday, April 1st. Royal Bank Of Canada reiterated a “buy” rating on shares of NIKE in a research report on Wednesday, April 1st. BNP Paribas Exane cut their price objective on NIKE from $35.00 to $23.00 and set an “underperform” rating for the company in a report on Wednesday, April 1st. Finally, Piper Sandler reiterated a “neutral” rating and set a $50.00 target price (down from $60.00) on shares of NIKE in a research report on Friday, April 10th. Seventeen analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, NIKE has a consensus rating of “Hold” and an average price target of $62.34.

NIKE Price Performance

Shares of NKE opened at $44.04 on Thursday. The stock has a market cap of $65.22 billion, a P/E ratio of 29.38, a price-to-earnings-growth ratio of 2.39 and a beta of 1.31. The company has a current ratio of 2.14, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50. The stock’s 50-day moving average price is $51.81 and its two-hundred day moving average price is $59.86. NIKE, Inc. has a 1 year low of $42.09 and a 1 year high of $80.17.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.06. NIKE had a return on equity of 16.41% and a net margin of 4.84%.The company had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.23 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. The business’s revenue was up .1% on a year-over-year basis. On average, equities analysts predict that NIKE, Inc. will post 1.52 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 2nd were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Monday, March 2nd. NIKE’s dividend payout ratio is currently 108.61%.

About NIKE

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).