Global Thematic Partners LLC raised its stake in Nike, Inc. (NYSE:NKE) by 48.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,065,651 shares of the footwear maker’s stock after buying an additional 1,001,950 shares during the quarter. Nike accounts for about 5.8% of Global Thematic Partners LLC’s portfolio, making the stock its largest position. Global Thematic Partners LLC owned approximately 0.23% of Nike worth $180,873,000 as of its most recent filing with the Securities and Exchange Commission.
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.
Shares of Nike, Inc. (NKE) traded down 1.50% on Friday, hitting $55.96. 12,801,783 shares of the company traded hands. The stock’s 50-day moving average price is $52.64 and its 200-day moving average price is $54.66. The company has a market capitalization of $91.30 billion, a PE ratio of 23.82 and a beta of 0.61. Nike, Inc. has a 12 month low of $49.01 and a 12 month high of $60.53.
Nike (NYSE:NKE) last announced its quarterly earnings data on Tuesday, September 26th. The footwear maker reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.09. The company had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.08 billion. Nike had a net margin of 11.47% and a return on equity of 31.88%. Nike’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 EPS. On average, equities analysts predict that Nike, Inc. will post $2.33 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Tuesday, September 5th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.29%. Nike’s dividend payout ratio is presently 30.64%.
In other Nike news, Director Johnathan A. Rodgers sold 16,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $53.45, for a total transaction of $855,200.00. Following the completion of the transaction, the director now directly owns 25,660 shares in the company, valued at approximately $1,371,527. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.90% of the company’s stock.
Several research analysts have recently commented on NKE shares. Nomura reiterated a “buy” rating and set a $60.00 target price on shares of Nike in a research note on Friday, June 30th. Vetr upgraded Nike from a “buy” rating to a “strong-buy” rating and set a $57.97 price target for the company in a research note on Wednesday, October 4th. Cowen and Company boosted their price target on Nike from $53.00 to $54.00 and gave the company a “market perform” rating in a research note on Friday, June 30th. Jefferies Group LLC cut Nike from a “buy” rating to a “hold” rating and dropped their price objective for the company from $75.00 to $60.00 in a report on Monday, August 21st. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $50.00 price objective (down from $51.00) on shares of Nike in a report on Wednesday, September 27th. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating and nineteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $58.90.
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Nike Company 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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