Stephens Inc. AR raised its stake in Nike, Inc. (NYSE:NKE) by 29.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,283 shares of the footwear maker’s stock after acquiring an additional 21,372 shares during the period. Stephens Inc. AR’s holdings in Nike were worth $5,563,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Nike by 1,072.9% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,589 shares of the footwear maker’s stock worth $202,000 after buying an additional 3,283 shares in the last quarter. Pioneer Investment Management Inc. raised its holdings in shares of Nike by 108.4% during the 1st quarter. Pioneer Investment Management Inc. now owns 3,157,306 shares of the footwear maker’s stock worth $175,956,000 after buying an additional 1,642,177 shares in the last quarter. State of Tennessee Treasury Department raised its holdings in shares of Nike by 5.6% during the 1st quarter. State of Tennessee Treasury Department now owns 926,263 shares of the footwear maker’s stock worth $51,621,000 after buying an additional 49,298 shares in the last quarter. Holderness Investments Co. acquired a new position in shares of Nike during the 1st quarter worth $336,000. Finally, State of Wisconsin Investment Board raised its holdings in shares of Nike by 14.1% during the 1st quarter. State of Wisconsin Investment Board now owns 1,592,523 shares of the footwear maker’s stock worth $88,751,000 after buying an additional 197,174 shares in the last quarter. 62.57% of the stock is owned by hedge funds and other institutional investors.
Nike, Inc. (NYSE NKE) opened at $56.09 on Friday. The stock has a market capitalization of $91,511.79, a P/E ratio of 23.87, a PEG ratio of 2.62 and a beta of 0.60. The company has a quick ratio of 1.81, a current ratio of 2.67 and a debt-to-equity ratio of 0.29. Nike, Inc. has a twelve month low of $49.75 and a twelve month high of $60.53.
Nike (NYSE:NKE) last announced its quarterly earnings data on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.09. Nike had a return on equity of 31.88% and a net margin of 11.47%. The business had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.08 billion. During the same period in the prior year, the company earned $0.73 earnings per share. Nike’s revenue was up .1% compared to the same quarter last year. analysts anticipate that Nike, Inc. will post 2.29 EPS for the current year.
A number of equities analysts have recently commented on NKE shares. Jefferies Group LLC cut Nike to a “buy” rating in a report on Tuesday, August 29th. Vetr cut Nike from a “strong-buy” rating to a “buy” rating and set a $59.57 price target for the company. in a report on Monday, September 4th. Goldman Sachs Group, Inc. (The) cut Nike from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $52.30 to $54.00 in a report on Thursday, October 19th. Telsey Advisory Group reduced their price objective on Nike from $63.00 to $61.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 30th. Finally, Morgan Stanley upgraded Nike from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $56.00 to $68.00 in a research report on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and twenty have assigned a buy rating to the stock. Nike has an average rating of “Hold” and an average price target of $58.93.
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In other Nike news, Director Johnathan A. Rodgers sold 16,000 shares of the stock in a transaction on Thursday, September 14th. The stock was 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 of the company’s stock, valued at $1,371,527. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction, the chairman now directly 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. 3.90% of the stock is currently owned by corporate 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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