Jensen Investment Management Inc. Has $242.47 Million Position in Nike Inc (NKE)

Jensen Investment Management Inc. raised its stake in Nike Inc (NYSE:NKE) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,876,335 shares of the footwear maker’s stock after acquiring an additional 11,351 shares during the period. Nike makes up 3.1% of Jensen Investment Management Inc.’s portfolio, making the stock its 16th largest holding. Jensen Investment Management Inc. owned approximately 0.24% of Nike worth $242,465,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Buckingham Asset Management LLC increased its holdings in Nike by 0.7% in the 2nd quarter. Buckingham Asset Management LLC now owns 6,797 shares of the footwear maker’s stock valued at $401,000 after acquiring an additional 45 shares during the last quarter. Sullivan Bruyette Speros & Blaney LLC increased its holdings in shares of Nike by 1.0% in the 2nd quarter. Sullivan Bruyette Speros & Blaney LLC now owns 6,048 shares of the footwear maker’s stock worth $357,000 after buying an additional 61 shares during the last quarter. YorkBridge Wealth Partners LLC increased its holdings in shares of Nike by 0.3% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 26,169 shares of the footwear maker’s stock worth $1,535,000 after buying an additional 68 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Nike by 0.6% in the 2nd quarter. Parallel Advisors LLC now owns 12,831 shares of the footwear maker’s stock worth $758,000 after buying an additional 76 shares during the last quarter. Finally, Keel Point LLC increased its holdings in shares of Nike by 1.2% in the 2nd quarter. Keel Point LLC now owns 9,757 shares of the footwear maker’s stock worth $576,000 after buying an additional 119 shares during the last quarter. Institutional investors own 62.65% of the company’s stock.

A number of research firms have recently weighed in on NKE. UBS Group set a $76.00 target price on shares of Nike and gave the stock a “buy” rating in a report on Thursday, February 1st. Oppenheimer upgraded shares of Nike to a “buy” rating in a report on Wednesday, January 31st. Citigroup restated a “buy” rating and issued a $78.00 target price (up from $74.00) on shares of Nike in a report on Wednesday, January 31st. Wedbush upgraded shares of Nike from a “neutral” rating to an “outperform” rating and set a $74.00 target price on the stock in a report on Friday, January 19th. Finally, Cowen set a $64.00 target price on shares of Nike and gave the stock a “hold” rating in a report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $65.37.

Shares of Nike Inc (NYSE:NKE) opened at $65.98 on Tuesday. The stock has a market cap of $107,650.00, a PE ratio of 28.56, a price-to-earnings-growth ratio of 2.96 and a beta of 0.68. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.46 and a quick ratio of 1.67. Nike Inc has a 52-week low of $50.35 and a 52-week high of $68.83.

Nike (NYSE:NKE) last released its quarterly earnings data on Thursday, December 21st. The footwear maker reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 11.13% and a return on equity of 31.64%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 EPS. equities research analysts anticipate that Nike Inc will post 2.26 earnings per share for the current year.

In other Nike news, EVP Monique S. Matheson sold 10,000 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $62.00, for a total value of $620,000.00. Following the completion of the sale, the executive vice president now directly owns 23,248 shares of the company’s stock, valued at approximately $1,441,376. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Eric D. Sprunk sold 226,040 shares of the business’s stock in a transaction dated Wednesday, December 27th. The shares were 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 directly owns 165,591 shares of the company’s stock, valued at $10,448,792.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 932,896 shares of company stock valued at $59,594,217. 3.90% of the stock is owned by corporate insiders.

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About Nike

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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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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