SG Americas Securities LLC raised its holdings in Nike Inc (NYSE:NKE) by 104.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,134 shares of the footwear maker’s stock after buying an additional 400,489 shares during the quarter. SG Americas Securities LLC’s holdings in Nike were worth $837,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Asset Planning Services Ltd. raised its position in Nike by 0.3% in the 2nd quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock valued at $126,000 after buying an additional 7 shares during the last quarter. Atlantic Trust LLC purchased a new stake in Nike in the 2nd quarter valued at $136,000. Howe & Rusling Inc. raised its position in Nike by 751.3% in the 3rd quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock valued at $137,000 after buying an additional 2,329 shares during the last quarter. Kistler Tiffany Companies LLC raised its position in Nike by 91.7% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock valued at $149,000 after buying an additional 1,209 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in Nike by 7.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,780 shares of the footwear maker’s stock valued at $164,000 after buying an additional 201 shares during the last quarter. 62.67% of the stock is currently owned by hedge funds and other institutional investors.
In other Nike news, insider Eric D. Sprunk sold 226,040 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $63.10, for a total transaction of $14,263,124.00. Following the completion of the sale, the insider now owns 165,591 shares of the company’s stock, valued at $10,448,792.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Mark G. Parker sold 135,000 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $65.00, for a total value of $8,775,000.00. Following the sale, the chairman now directly owns 1,502,830 shares of the company’s stock, valued at approximately $97,683,950. The disclosure for this sale can be found here. In the last quarter, insiders have sold 967,896 shares of company stock valued at $60,257,267. 3.90% of the stock is owned by company insiders.
Nike Inc (NKE) traded up $0.13 during mid-day trading on Thursday, hitting $64.22. The stock had a trading volume of 5,010,600 shares, compared to its average volume of 7,957,457. Nike Inc has a 52-week low of $50.35 and a 52-week high of $65.18. The company has a quick ratio of 1.67, a current ratio of 2.46 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $104,450.00, a PE ratio of 27.80, a P/E/G ratio of 2.90 and a beta of 0.64.
Nike (NYSE:NKE) last posted its quarterly earnings data on Thursday, December 21st. The footwear maker reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The company 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 for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 earnings per share. analysts expect that Nike Inc will post 2.25 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 4th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Friday, December 1st. This is a boost from Nike’s previous quarterly dividend of $0.18. Nike’s dividend payout ratio is 34.63%.
A number of brokerages have issued reports on NKE. Citigroup restated a “buy” rating and issued a $74.00 price objective on shares of Nike in a research note on Tuesday, December 19th. Canaccord Genuity upped their price objective on Nike from $50.00 to $64.00 and gave the company a “hold” rating in a research note on Tuesday, December 19th. Zacks Investment Research upgraded Nike from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research note on Tuesday, December 19th. Telsey Advisory Group increased 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. Finally, Buckingham Research increased their price target on Nike from $64.00 to $71.00 and gave the stock a “buy” rating in a research note on Monday, December 18th. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. Nike currently has an average rating of “Hold” and an average price target of $64.14.
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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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