Calamos Wealth Management LLC Has $426,000 Stake in NIKE, Inc. (NYSE:NKE)

Calamos Wealth Management LLC lowered its stake in shares of NIKE, Inc. (NYSE:NKE) by 6.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,627 shares of the footwear maker’s stock after selling 403 shares during the period. Calamos Wealth Management LLC’s holdings in NIKE were worth $426,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in NKE. Czech National Bank lifted its position in NIKE by 6.0% in the third quarter. Czech National Bank now owns 244,750 shares of the footwear maker’s stock worth $21,636,000 after purchasing an additional 13,918 shares during the period. Everpar Advisors LLC acquired a new position in shares of NIKE in the 3rd quarter valued at $202,000. Mather Group LLC. lifted its holdings in shares of NIKE by 3.4% during the 3rd quarter. Mather Group LLC. now owns 26,230 shares of the footwear maker’s stock worth $2,319,000 after acquiring an additional 869 shares during the period. Verde Servicos Internacionais S.A. boosted its position in shares of NIKE by 34.0% during the 3rd quarter. Verde Servicos Internacionais S.A. now owns 62,701 shares of the footwear maker’s stock valued at $5,543,000 after acquiring an additional 15,901 shares in the last quarter. Finally, Chapin Davis Inc. increased its stake in NIKE by 1.2% in the third quarter. Chapin Davis Inc. now owns 11,430 shares of the footwear maker’s stock valued at $1,010,000 after acquiring an additional 133 shares during the period. Institutional investors own 64.25% of the company’s stock.

Insider Activity

In other news, Director John W. Rogers, Jr. acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The stock was purchased at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the acquisition, the director now owns 34,403 shares in the company, valued at $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Stifel Nicolaus cut their price target on shares of NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, December 20th. Wells Fargo & Company decreased their price target on NIKE from $95.00 to $92.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Royal Bank of Canada dropped their price objective on NIKE from $82.00 to $80.00 and set a “sector perform” rating for the company in a research note on Thursday, November 7th. Evercore ISI reduced their target price on shares of NIKE from $105.00 to $97.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Finally, Bank of America dropped their target price on shares of NIKE from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Fourteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, NIKE has a consensus rating of “Moderate Buy” and an average target price of $89.77.

NIKE Trading Up 0.3 %

NKE opened at $76.79 on Wednesday. The firm has a 50 day simple moving average of $75.54 and a 200 day simple moving average of $78.09. NIKE, Inc. has a fifty-two week low of $70.32 and a fifty-two week high of $107.43. The company has a market cap of $113.57 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 2.50 and a beta of 1.01. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, beating the consensus estimate of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. 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 EPS. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. On average, sell-side analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were given a dividend of $0.40 per share. This is a positive change from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Monday, December 2nd. NIKE’s payout ratio is presently 49.38%.

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.