TCW Group Inc. Has $1.25 Million Stock Position in NIKE, Inc. (NYSE:NKE)

TCW Group Inc. lifted its stake in NIKE, Inc. (NYSE:NKE) by 1.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 16,482 shares of the footwear maker’s stock after buying an additional 264 shares during the quarter. TCW Group Inc.’s holdings in NIKE were worth $1,247,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Allworth Financial LP grew its position in NIKE by 20.9% during the 3rd quarter. Allworth Financial LP now owns 12,431 shares of the footwear maker’s stock worth $1,099,000 after acquiring an additional 2,148 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its position in NIKE by 12.8% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,378 shares of the footwear maker’s stock valued at $299,000 after buying an additional 383 shares during the last quarter. Modera Wealth Management LLC boosted its position in NIKE by 8.8% in the 3rd quarter. Modera Wealth Management LLC now owns 8,983 shares of the footwear maker’s stock valued at $794,000 after buying an additional 727 shares during the last quarter. Carret Asset Management LLC boosted its position in NIKE by 16.4% in the 3rd quarter. Carret Asset Management LLC now owns 5,400 shares of the footwear maker’s stock valued at $477,000 after buying an additional 760 shares during the last quarter. Finally, J.W. Cole Advisors Inc. boosted its position in NIKE by 7.7% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,029 shares of the footwear maker’s stock valued at $1,063,000 after buying an additional 858 shares during the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Trading Up 5.0 %

NIKE stock opened at $80.32 on Tuesday. NIKE, Inc. has a 52 week low of $68.62 and a 52 week high of $106.10. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The stock has a market capitalization of $118.80 billion, a P/E ratio of 24.79, a PEG ratio of 2.52 and a beta of 1.01. The stock has a 50-day simple moving average of $74.37 and a 200 day simple moving average of $78.21.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company had revenue of $12.35 billion during the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The business’s revenue was down 7.7% on a year-over-year basis. Analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE’s dividend payout ratio is presently 49.38%.

Insider Transactions at NIKE

In other news, Chairman Mark G. Parker sold 169,732 shares of NIKE stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the sale, the chairman now directly owns 896,632 shares in the company, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John W. Rogers, Jr. purchased 2,500 shares of the company’s stock in a transaction dated Friday, December 27th. The stock was acquired at an average price of $76.65 per share, with a total value of $191,625.00. Following the completion of the transaction, the director now owns 34,403 shares of the company’s stock, valued at $2,636,989.95. This represents a 7.84 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on NKE shares. Bank of America cut their price target on NIKE from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Evercore ISI cut their price target on NIKE from $105.00 to $97.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Barclays cut their price target on NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. JPMorgan Chase & Co. cut their price target on NIKE from $77.00 to $73.00 and set a “neutral” rating on the stock in a research note on Monday, December 2nd. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $80.00 price target on shares of NIKE in a research note on Wednesday, February 19th. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $89.77.

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.