NIKE, Inc. (NYSE:NKE) Shares Bought by Redpoint Investment Management Pty Ltd

Redpoint Investment Management Pty Ltd grew its position in NIKE, Inc. (NYSE:NKE – Get Rating) by 1.2% during the first quarter, Holdings Channel.com reports. The firm owned 31,530 shares of the footwear maker’s stock after acquiring an additional 386 shares during the period. Redpoint Investment Management Pty Ltd’s holdings in NIKE were worth $4,243,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in NIKE in the fourth quarter valued at $1,894,686,000. State Street Corp grew its stake in NIKE by 3.6% during the 4th quarter. State Street Corp now owns 56,598,375 shares of the footwear maker’s stock worth $9,433,251,000 after buying an additional 1,969,270 shares during the last quarter. Jennison Associates LLC increased its position in NIKE by 14.6% during the fourth quarter. Jennison Associates LLC now owns 15,307,214 shares of the footwear maker’s stock worth $2,551,253,000 after buying an additional 1,944,401 shares during the period. Capital International Investors lifted its stake in NIKE by 16.8% in the fourth quarter. Capital International Investors now owns 8,852,183 shares of the footwear maker’s stock valued at $1,475,513,000 after buying an additional 1,274,615 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of NIKE by 96.5% in the fourth quarter. KBC Group NV now owns 1,995,566 shares of the footwear maker’s stock valued at $332,601,000 after acquiring an additional 979,930 shares during the period. 65.35% of the stock is owned by institutional investors and hedge funds.

In other NIKE news, CFO Matthew Friend sold 9,032 shares of the firm’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $110.52, for a total value of $998,216.64. Following the sale, the chief financial officer now directly owns 51,581 shares of the company’s stock, valued at approximately $5,700,732.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Andrew Campion sold 14,203 shares of the company’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $120.61, for a total transaction of $1,713,023.83. Following the transaction, the chief operating officer now directly owns 73,795 shares of the company’s stock, valued at approximately $8,900,414.95. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

Several research firms recently commented on NKE. StockNews.com initiated coverage on shares of NIKE in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Telsey Advisory Group reduced their price objective on NIKE from $170.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday. Cowen lowered their target price on NIKE from $139.00 to $133.00 in a research note on Thursday. Credit Suisse Group cut their price target on NIKE from $165.00 to $130.00 in a research note on Thursday. Finally, Seaport Res Ptn lowered shares of NIKE from a “buy” rating to a “neutral” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, NIKE presently has an average rating of “Moderate Buy” and a consensus target price of $155.85.

Shares of NYSE NKE traded up $0.05 during trading on Thursday, reaching $104.97. The company had a trading volume of 43,525 shares, compared to its average volume of 5,631,163. The company has a current ratio of 3.06, a quick ratio of 2.18 and a debt-to-equity ratio of 0.64. NIKE, Inc. has a twelve month low of $103.46 and a twelve month high of $179.10. The stock has a 50-day moving average price of $117.72 and a two-hundred day moving average price of $135.48. The stock has a market capitalization of $165.20 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.74 and a beta of 0.96.

NIKE (NYSE:NKE – Get Rating) last released its earnings results on Monday, March 21st. The footwear maker reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.14. NIKE had a net margin of 13.06% and a return on equity of 43.04%. The company had revenue of $10.90 billion for the quarter, compared to analyst estimates of $10.61 billion. During the same period in the prior year, the firm earned $0.90 EPS. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. On average, sell-side analysts predict that NIKE, Inc. will post 3.68 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Monday, June 6th will be given a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, June 3rd. NIKE’s dividend payout ratio is presently 32.19%.

NIKE Company Profile (Get Rating)

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team, and league logos, as well as sells sports apparel.

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