Dimensional Fund Advisors LP Boosts Stake in Nike Inc (NKE)

Dimensional Fund Advisors LP grew its position in Nike Inc (NYSE:NKE) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,239,456 shares of the footwear maker’s stock after purchasing an additional 93,581 shares during the quarter. Dimensional Fund Advisors LP owned about 0.20% of Nike worth $167,979,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Willingdon Wealth Management acquired a new stake in Nike during the third quarter worth approximately $114,000. Asset Planning Services Ltd. grew its position in Nike by 0.3% during the second quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock worth $126,000 after buying an additional 7 shares in the last quarter. Atlantic Trust LLC acquired a new stake in Nike during the second quarter worth approximately $136,000. Howe & Rusling Inc. grew its position in Nike by 751.3% during the third quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock worth $137,000 after buying an additional 2,329 shares in the last quarter. Finally, Kistler Tiffany Companies LLC grew its position in Nike by 91.7% during the second quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock worth $149,000 after buying an additional 1,209 shares in the last quarter. 62.67% of the stock is currently owned by institutional investors.

A number of brokerages recently issued reports on NKE. B. Riley reissued a “neutral” rating on shares of Nike in a research report on Wednesday, November 1st. Stifel Nicolaus reissued a “buy” rating and set a $74.00 price target on shares of Nike in a research report on Friday, December 22nd. Macquarie set a $72.00 price target on Nike and gave the stock a “buy” rating in a research report on Thursday. Cowen set a $64.00 price target on Nike and gave the stock a “hold” rating in a research report on Thursday. Finally, Raymond James Financial reduced their price target on Nike from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 19th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $64.40.

Nike Inc (NYSE:NKE) opened at $64.67 on Friday. Nike Inc has a 12 month low of $50.35 and a 12 month high of $65.18. The company has a market capitalization of $105,510.00, a price-to-earnings ratio of 28.00, a PEG ratio of 2.92 and a beta of 0.64. The company has a quick ratio of 1.67, a current ratio of 2.46 and a debt-to-equity ratio of 0.30.

Nike (NYSE:NKE) last announced its quarterly earnings results on Thursday, December 21st. The footwear maker reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.06. Nike had a return on equity of 31.64% and a net margin of 11.13%. The company had revenue of $8.55 billion during the quarter, compared to analysts’ expectations of $8.39 billion. During the same period in the prior year, the company earned $0.50 EPS. Nike’s revenue was up 4.6% compared to the same quarter last year. sell-side analysts predict that Nike Inc will post 2.25 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 4th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.24%. This is a boost from Nike’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, December 1st. Nike’s dividend payout ratio is presently 34.63%.

In other news, EVP John F. Slusher sold 100,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $63.09, for a total value of $6,309,000.00. Following the completion of the transaction, the executive vice president now directly owns 268,169 shares in the company, valued at approximately $16,918,782.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Mark G. Parker sold 135,000 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $55.03, for a total value of $7,429,050.00. Following the completion of the transaction, the chairman now owns 1,637,736 shares of the company’s stock, valued at $90,124,612.08. The disclosure for this sale can be found here. Insiders sold a total of 967,896 shares of company stock valued at $60,257,267 over the last quarter. 3.90% of the stock is owned by corporate insiders.

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Nike Profile

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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