Coldstream Capital Management Inc. Purchases 15,433 Shares of NIKE, Inc. $NKE

Coldstream Capital Management Inc. grew its position in NIKE, Inc. (NYSE:NKE) by 11.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 148,770 shares of the footwear maker’s stock after buying an additional 15,433 shares during the period. Coldstream Capital Management Inc.’s holdings in NIKE were worth $9,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of NKE. Guerra Advisors Inc bought a new position in shares of NIKE in the 3rd quarter valued at about $34,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of NIKE during the 3rd quarter worth about $35,000. Accredited Wealth Management LLC boosted its holdings in shares of NIKE by 268.6% during the 3rd 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 period. Matrix Trust Co boosted its holdings in shares of NIKE by 43.6% during the 4th quarter. Matrix Trust Co now owns 596 shares of the footwear maker’s stock worth $38,000 after buying an additional 181 shares during the period. Finally, Ares Financial Consulting LLC bought a new stake in shares of NIKE during the 4th quarter worth about $40,000. Institutional investors own 64.25% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Piper Sandler reaffirmed a “neutral” rating and set a $50.00 target price (down from $60.00) on shares of NIKE in a report on Friday, April 10th. UBS Group reduced their target price on shares of NIKE from $58.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, April 1st. Royal Bank Of Canada reaffirmed a “buy” rating on shares of NIKE in a report on Wednesday, April 1st. Guggenheim reduced their target price on shares of NIKE from $77.00 to $74.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Finally, Sanford C. Bernstein reaffirmed a “buy” rating on shares of NIKE in a report on Monday, May 11th. Sixteen equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, NIKE currently has an average rating of “Hold” and a consensus target price of $62.04.

NIKE Price Performance

Shares of NIKE stock opened at $44.70 on Friday. NIKE, Inc. has a twelve month low of $41.35 and a twelve month high of $80.17. The company has a quick ratio of 1.45, a current ratio of 2.14 and a debt-to-equity ratio of 0.50. The company has a 50-day simple moving average of $46.59 and a two-hundred day simple moving average of $57.32. The stock has a market capitalization of $66.20 billion, a price-to-earnings ratio of 29.60, a price-to-earnings-growth ratio of 2.37 and a beta of 1.12.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.06. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The business 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 earned $0.54 EPS. The business’s revenue was up .1% on a year-over-year basis. Analysts forecast that NIKE, Inc. will post 1.51 EPS for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a $0.41 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.64 annualized dividend and a yield of 3.7%. NIKE’s payout ratio is 108.61%.

Insider Buying and Selling at NIKE

In other NIKE news, CEO Elliott Hill acquired 23,660 shares of the company’s stock in a transaction on Monday, April 13th. The stock was acquired at an average price of $42.27 per share, for a total transaction of $1,000,108.20. Following the purchase, the chief executive officer directly owned 265,247 shares of the company’s stock, valued at $11,211,990.69. This trade represents a 9.79% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert Holmes Swan acquired 11,781 shares of the company’s stock in a transaction on Tuesday, April 7th. The stock was acquired at an average price of $42.44 per share, with a total value of $499,985.64. Following the purchase, the director directly owned 55,074 shares in the company, valued at approximately $2,337,340.56. This represents a 27.21% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 64,441 shares of company stock worth $2,734,204 over the last quarter. Company insiders own 0.80% of the company’s stock.

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).