Ex-Dividend Stocks: Nike, Coach

NEW YORK ( TheStreet) - The following stocks go ex-dividend Thursday, meaning an investor must purchase the shares Wednesday to qualify for the next dividend payment: Nike ( NKE), Coach ( COH), Cohen & Steers ( CNS), Fluor ( FLR) and Suncor ( SU).

Nike

The athletic apparel and sneaker maker is scheduled to report fourth-quarter earnings on June 25. Analysts, on average, expect earnings of $1.37 a share on revenue of $6.53 billion.

"While NKE continues to drive innovation in the athletic space, we remain cautious on the shares as we believe decelerating sales over the next three to four quarters, the potential for excess inventory post the Euro Champs/Olympic sporting events, and unit declines in H2/13 will result in multiple compression," Canaccord analysts wrote in a May 22 report. "As such, we believe the risk/reward is skewing to the downside. We maintain our HOLD rating."

Forward Annual Dividend Yield: 1.3%

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Coach

The accessories retailer reported on April 24 third-quarter earnings of $225 million, or 77 cents a share, up from year-earlier earnings of $186 million, or 62 cents a share.

"The central holding of our upgrade of COH to BUY on August 19, 2011 (COH is up 51% vs. 19% for the S&P 500) was predicated on what we viewed as an underappreciated growth opportunity in both China and Men's," KeyBanc Capital Markets analysts wrote in a May 10 report. "Our enthusiasm for both has increased given recent operational performance, and we believe that both will help provide long-term sustainable growth. From a more near-term perspective, we think that the forthcoming Legacy launch and replatforming will bring a renewed sense of excitement in the store. Finally, recent moves to simplify pricing in the outlet stores should drive better long-term operating margins as well as improve the customer shopping experience. We reiterate our $88 price target."

Forward Annual Dividend Yield: 1.8%


Cohen & Steers

The investment management services company reported on April 18 first-quarter earnings of $18.1 million, or 41 cents a share, up from year-earlier earnings of $13 million, or 30 cents a share.

"We are raising our price objective on CNS to $39 from $38, as CNS has posted modest market appreciation across its funds while other public managers face market losses," Bank of America Merrill Lynch analysts wrote in a May 16 report. "Mutual fund inflows and encouraging trends for the subadvisory channel also lead us to raise our target multiple slightly, to 21.3x, based on a 15% premium in normal markets."

Forward Annual Dividend Yield: 2.2%

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Fluor

The project management services company reported on May 3 first-quarter earnings of $155 million, or 91 cents a share, up from year-earlier earnings of $140 million, or 78 cents a share.

"Fluor won a moderate sized offshore award in Mexico that highlights Fluor's ability to win diverse contracts in a difficult to penetrate market with multiple growth opportunities over the next several years. We believe the stock has been oversold and would add to positions," Sterne Agee analysts wrote in a May 18 report.

Forward Annual Dividend Yield: 1.3%


Suncor

The integrated energy company reported first-quarter earnings on April 30 of $1.5 billion, or 93 cents a share, up from year-earlier earnings of $1 billion, or 65 cents a share.

"Some may be concerned that spending beyond 2012 will be significantly larger than the $7.5bn budget for 2012," Canaccord analysts wrote in a May 6 report. "However, going forward, SU wants to smooth capex at the peaks and not just grow at any cost. To that end, we believe spending over the key construction years (2013- 2016) will be no more than $8-8.5 bn/year, with 2013 being around $8 billion (if not possibly slightly less). SU will announce its '13 budget in November."

Forward Annual Dividend Yield: 1.8%

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-- Written by Alexandra Zendrian

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