Bristol John W & Co. Inc. NY grew its stake in Nike Inc (NYSE:NKE) by 8.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,314,749 shares of the footwear maker’s stock after purchasing an additional 103,696 shares during the period. Nike comprises approximately 2.3% of Bristol John W & Co. Inc. NY’s investment portfolio, making the stock its 13th largest holding. Bristol John W & Co. Inc. NY owned 0.08% of Nike worth $82,238,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Nike by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 99,605,408 shares of the footwear maker’s stock valued at $5,876,718,000 after buying an additional 2,452,993 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Nike by 10.4% in the 2nd quarter. Capital Research Global Investors now owns 24,135,396 shares of the footwear maker’s stock worth $1,423,988,000 after acquiring an additional 2,274,869 shares during the last quarter. Capital World Investors increased its stake in shares of Nike by 58.7% in the 2nd quarter. Capital World Investors now owns 21,779,409 shares of the footwear maker’s stock worth $1,284,985,000 after acquiring an additional 8,058,601 shares during the last quarter. Northern Trust Corp increased its stake in shares of Nike by 6.7% in the 2nd quarter. Northern Trust Corp now owns 21,502,892 shares of the footwear maker’s stock worth $1,268,671,000 after acquiring an additional 1,344,638 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Nike by 4,252.6% in the 2nd quarter. Janus Henderson Group PLC now owns 16,619,387 shares of the footwear maker’s stock worth $980,539,000 after acquiring an additional 16,237,557 shares during the last quarter. Institutional investors and hedge funds own 62.65% of the company’s stock.
In other news, EVP Monique S. Matheson sold 10,000 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was 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 owns 23,248 shares of the company’s stock, valued at $1,441,376. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Eric D. Sprunk sold 226,040 shares of the company’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $63.10, for a total value 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 approximately $10,448,792.10. The disclosure for this sale can be found here. Insiders have sold 932,896 shares of company stock valued at $59,594,217 over the last 90 days. 3.90% of the stock is currently owned by insiders.
Nike Inc (NYSE NKE) opened at $65.98 on Tuesday. The company has a market capitalization of $107,650.00, a price-to-earnings ratio of 28.56, a P/E/G ratio of 2.96 and a beta of 0.68. Nike Inc has a 12 month low of $50.35 and a 12 month high of $68.83. 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 (NYSE:NKE) last announced its quarterly earnings results on Thursday, December 21st. The footwear maker reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.06. The company had revenue of $8.55 billion during the quarter, compared to analyst estimates of $8.39 billion. Nike had a return on equity of 31.64% and a net margin of 11.13%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 earnings per share. equities analysts predict that Nike Inc will post 2.26 EPS for the current fiscal year.
NKE has been the subject of a number of recent analyst reports. Goldman Sachs Group set a $59.00 price objective on Nike and gave the stock a “neutral” rating in a research report on Thursday, December 14th. HSBC lowered Nike from a “buy” rating to a “hold” rating and raised their target price for the stock from $58.95 to $62.00 in a research report on Tuesday, November 28th. Buckingham Research assumed coverage on Nike in a research report on Sunday, December 31st. They set a “buy” rating and a $72.00 target price on the stock. Zacks Investment Research raised Nike from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, B. Riley raised their target price on Nike from $53.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $65.37.
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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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