Rhumbline Advisers grew its holdings in Nike Inc (NYSE:NKE) by 0.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,333,088 shares of the footwear maker’s stock after acquiring an additional 1,325 shares during the quarter. Rhumbline Advisers owned about 0.14% of Nike worth $145,935,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC grew its stake in Nike by 0.3% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 26,169 shares of the footwear maker’s stock worth $1,535,000 after buying an additional 68 shares during the last quarter. Keel Point LLC grew its stake in Nike by 1.2% during the 2nd quarter. Keel Point LLC now owns 9,757 shares of the footwear maker’s stock worth $576,000 after buying an additional 119 shares during the last quarter. Associated Banc Corp grew its stake in Nike by 3.7% during the 2nd quarter. Associated Banc Corp now owns 4,252 shares of the footwear maker’s stock worth $251,000 after buying an additional 150 shares during the last quarter. Israel Discount Bank of New York grew its stake in Nike by 1.6% during the 2nd quarter. Israel Discount Bank of New York now owns 13,932 shares of the footwear maker’s stock worth $822,000 after buying an additional 215 shares during the last quarter. Finally, Security National Bank of Sioux City Iowa IA grew its stake in Nike by 0.6% during the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 43,462 shares of the footwear maker’s stock worth $2,564,000 after buying an additional 250 shares during the last quarter. Institutional investors and hedge funds own 65.76% of the company’s stock.
Shares of Nike Inc (NYSE NKE) traded up $0.03 during mid-day trading on Wednesday, reaching $66.20. The company had a trading volume of 6,456,979 shares, compared to its average volume of 7,980,000. The firm has a market capitalization of $108,010.00, a PE ratio of 28.66, a PEG ratio of 3.02 and a beta of 0.68. Nike Inc has a 52-week low of $50.35 and a 52-week high of $70.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.67 and a current ratio of 2.46.
Nike (NYSE:NKE) last issued its quarterly earnings data on Thursday, December 21st. The footwear maker reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.06. The firm had revenue of $8.55 billion during the quarter, compared to analysts’ expectations of $8.39 billion. Nike had a return on equity of 31.64% and a net margin of 11.13%. Nike’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 earnings per share. sell-side analysts anticipate that Nike Inc will post 2.25 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 5th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, March 2nd. This represents a $0.80 annualized dividend and a yield of 1.21%. Nike’s dividend payout ratio is presently 34.63%.
A number of research firms recently issued reports on NKE. Stifel Nicolaus restated a “buy” rating and set a $74.00 price target on shares of Nike in a research note on Friday, December 22nd. Macquarie set a $72.00 price target on Nike and gave the stock a “buy” rating in a research note on Thursday, January 11th. Cowen set a $64.00 price target on Nike and gave the stock a “hold” rating in a research note on Thursday, January 11th. UBS Group set a $76.00 price target on Nike and gave the stock a “buy” rating in a research note on Thursday, February 1st. Finally, Telsey Advisory Group raised their price target on Nike from $61.00 to $68.00 and gave the stock an “outperform” rating in a research note on Monday, December 18th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. Nike presently has an average rating of “Buy” and an average price target of $66.10.
In other Nike news, Chairman Mark G. Parker sold 135,000 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $65.00, for a total transaction of $8,775,000.00. Following the completion of the transaction, the chairman now owns 1,502,830 shares of the company’s stock, valued at $97,683,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Monique S. Matheson sold 10,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $65.00, for a total value of $650,000.00. Following the transaction, the executive vice president now directly owns 23,248 shares of the company’s stock, valued at approximately $1,511,120. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,057,896 shares of company stock valued at $68,424,217. 3.90% of the stock is currently owned by insiders.
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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