Andra AP fonden increased its stake in shares of Nike Inc (NYSE:NKE) by 14.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 63,900 shares of the footwear maker’s stock after purchasing an additional 8,000 shares during the quarter. Andra AP fonden’s holdings in Nike were worth $3,313,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the stock. Asset Planning Services Ltd. lifted its stake in shares of Nike by 0.3% in the second quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock worth $126,000 after buying an additional 7 shares during the last quarter. Atlantic Trust LLC acquired a new stake in shares of Nike in the second quarter worth $136,000. Kistler Tiffany Companies LLC lifted its stake in shares of Nike by 91.7% in the second quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock worth $149,000 after buying an additional 1,209 shares during the last quarter. Howe & Rusling Inc. lifted its stake in shares of Nike by 751.3% in the third quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock worth $137,000 after buying an additional 2,329 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Nike by 7.8% in the second quarter. Parkside Financial Bank & Trust now owns 2,780 shares of the footwear maker’s stock worth $164,000 after buying an additional 201 shares during the last quarter. Institutional investors and hedge funds own 62.67% of the company’s stock.
Shares of Nike Inc (NYSE NKE) traded up $0.38 during midday trading on Friday, reaching $64.67. 5,135,670 shares of the company traded hands, compared to its average volume of 9,460,000. The firm has a market cap of $105,510.00, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 2.92 and a beta of 0.64. The company has a current ratio of 2.46, a quick ratio of 1.67 and a debt-to-equity ratio of 0.30. Nike Inc has a 1-year low of $50.35 and a 1-year high of $65.18.
Nike (NYSE:NKE) last released its earnings results on Thursday, December 21st. The footwear maker reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. Nike had a net margin of 11.13% and a return on equity of 31.64%. The company had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the prior year, the company posted $0.50 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. research analysts predict that Nike Inc will post 2.25 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, December 1st. This is an increase from Nike’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 1.24%. Nike’s dividend payout ratio is presently 34.63%.
NKE has been the subject of a number of analyst reports. Vetr upgraded shares of Nike from a “buy” rating to a “strong-buy” rating and set a $57.97 price objective for the company in a research note on Wednesday, October 4th. Susquehanna Bancshares reaffirmed a “hold” rating and set a $57.00 target price on shares of Nike in a research report on Wednesday, December 13th. DA Davidson boosted their target price on shares of Nike from $68.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, December 26th. Barclays set a $75.00 target price on shares of Nike and gave the stock a “buy” rating in a research report on Tuesday. Finally, Buckingham Research initiated coverage on shares of Nike in a research report on Saturday, January 6th. They set a “buy” rating and a $72.00 target price on the stock. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $64.40.
In other Nike news, Chairman Mark G. Parker sold 135,000 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $65.00, for a total transaction of $8,775,000.00. Following the transaction, the chairman now directly owns 1,502,830 shares in the company, valued at approximately $97,683,950. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Eric D. Sprunk sold 226,040 shares of the company’s stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $63.10, for a total transaction of $14,263,124.00. Following the transaction, the chief operating officer now owns 165,591 shares in the company, valued at $10,448,792.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 967,896 shares of company stock worth $60,257,267. Corporate insiders own 3.90% of the company’s stock.
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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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