Calamos Advisors LLC Has $65.67 Million Holdings in NIKE, Inc. (NYSE:NKE)

Calamos Advisors LLC lifted its stake in shares of NIKE, Inc. (NYSE:NKE) by 6.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 604,858 shares of the footwear maker’s stock after acquiring an additional 38,999 shares during the period. Calamos Advisors LLC’s holdings in NIKE were worth $65,669,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Impact Partnership Wealth LLC increased its position in NIKE by 220.7% in the 3rd quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock valued at $25,000 after buying an additional 181 shares in the last quarter. Iron Horse Wealth Management LLC grew its stake in NIKE by 120.7% in the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 140 shares during the period. Planned Solutions Inc. bought a new stake in shares of NIKE during the fourth quarter valued at approximately $29,000. Financial Freedom LLC acquired a new position in shares of NIKE during the fourth quarter worth approximately $29,000. Finally, Worth Asset Management LLC bought a new position in shares of NIKE in the 1st quarter worth $32,000. 64.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NKE. The Goldman Sachs Group lowered their target price on shares of NIKE from $135.00 to $120.00 and set a “buy” rating for the company in a report on Friday, March 22nd. TD Cowen restated a “market perform” rating and issued a $104.00 price objective (down previously from $129.00) on shares of NIKE in a research note on Friday, December 22nd. Jefferies Financial Group cut their price target on shares of NIKE from $110.00 to $100.00 and set a “hold” rating on the stock in a report on Friday, March 22nd. Wells Fargo & Company reduced their target price on shares of NIKE from $125.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Finally, Barclays reduced their price objective on NIKE from $142.00 to $114.00 and set an “overweight” rating for the company in a report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $116.26.

NIKE Price Performance

Shares of NKE stock traded up $0.90 during trading hours on Thursday, hitting $95.74. 9,910,053 shares of the company’s stock were exchanged, compared to its average volume of 9,585,826. NIKE, Inc. has a 12-month low of $88.66 and a 12-month high of $128.68. The company has a market capitalization of $144.51 billion, a PE ratio of 27.89, a PEG ratio of 1.80 and a beta of 1.08. The business’s 50 day simple moving average is $98.47 and its 200-day simple moving average is $103.42. 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 (NYSE:NKE) last posted its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The company had revenue of $12.43 billion during the quarter, compared to analyst estimates of $12.28 billion. On average, equities research analysts anticipate that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Friday, March 1st. NIKE’s payout ratio is 43.53%.

About NIKE

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.