Marshall Wace North America L.P. lowered its holdings in shares of Nike, Inc. (NYSE:NKE) by 59.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,089 shares of the footwear maker’s stock after selling 20,852 shares during the quarter. Marshall Wace North America L.P.’s holdings in Nike were worth $831,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Waldron LP raised its position in Nike by 90.8% in the 1st quarter. Waldron LP now owns 8,922 shares of the footwear maker’s stock valued at $496,000 after buying an additional 4,246 shares during the last quarter. Rhumbline Advisers grew its stake in Nike by 1.7% in the first quarter. Rhumbline Advisers now owns 2,259,668 shares of the footwear maker’s stock valued at $125,931,000 after purchasing an additional 37,670 shares in the last quarter. First Trust Advisors LP grew its stake in Nike by 443.2% in the first quarter. First Trust Advisors LP now owns 269,270 shares of the footwear maker’s stock valued at $15,006,000 after purchasing an additional 219,697 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in Nike by 12.6% in the first quarter. Public Employees Retirement Association of Colorado now owns 1,883,852 shares of the footwear maker’s stock valued at $104,987,000 after purchasing an additional 211,352 shares in the last quarter. Finally, MCF Advisors LLC grew its stake in Nike by 7.9% in the first quarter. MCF Advisors LLC now owns 4,661 shares of the footwear maker’s stock valued at $260,000 after purchasing an additional 341 shares in the last quarter. 62.51% of the stock is currently owned by institutional investors.
In related news, Director Johnathan A. Rodgers sold 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $53.45, for a total value of $855,200.00. Following the sale, the director now directly owns 25,660 shares of the company’s stock, valued at $1,371,527. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.90% of the stock is currently owned by company insiders.
Nike, Inc. (NYSE:NKE) traded down 1.50% on Friday, reaching $55.96. 12,801,783 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $52.64 and a 200-day moving average price of $54.66. The company has a market capitalization of $91.30 billion, a P/E ratio of 23.82 and a beta of 0.61. Nike, Inc. has a 1-year low of $49.01 and a 1-year high of $60.53.
Nike (NYSE:NKE) last posted its earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.09. Nike had a net margin of 11.47% and a return on equity of 31.88%. The firm had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.08 billion. During the same period last year, the firm posted $0.73 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Equities research analysts expect that Nike, Inc. will post $2.33 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Tuesday, September 5th were given a $0.18 dividend. The ex-dividend date was Thursday, August 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.29%. Nike’s dividend payout ratio is presently 30.64%.
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NKE has been the subject of a number of research analyst reports. Nomura reissued a “buy” rating and set a $60.00 price target on shares of Nike in a report on Friday, June 30th. Vetr upgraded Nike from a “buy” rating to a “strong-buy” rating and set a $57.97 price objective on the stock in a research report on Wednesday, October 4th. Cowen and Company boosted their price objective on Nike from $53.00 to $54.00 and gave the stock a “market perform” rating in a research report on Friday, June 30th. Jefferies Group LLC lowered Nike from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $75.00 to $60.00 in a research report on Monday, August 21st. Finally, Canaccord Genuity restated a “hold” rating and set a $50.00 price objective (down previously from $51.00) on shares of Nike in a research report on Wednesday, September 27th. Four equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nineteen have assigned a buy rating to the company. Nike has a consensus rating of “Hold” and a consensus target price of $58.90.
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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