Claraphi Advisory Network LLC Takes $361,000 Position in Nike Inc (NKE)

Claraphi Advisory Network LLC bought a new position in Nike Inc (NYSE:NKE) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 5,768 shares of the footwear maker’s stock, valued at approximately $361,000.

Several other institutional investors and hedge funds also recently modified their holdings of NKE. 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. Capital World Investors grew its holdings in shares of Nike by 58.7% during the 2nd quarter. Capital World Investors now owns 21,779,409 shares of the footwear maker’s stock worth $1,284,985,000 after purchasing an additional 8,058,601 shares during the period. Harding Loevner LP grew its holdings in shares of Nike by 97.1% during the 3rd quarter. Harding Loevner LP now owns 12,151,210 shares of the footwear maker’s stock worth $390,421,000 after purchasing an additional 5,987,728 shares during the period. Orbis Allan Gray Ltd purchased a new position in shares of Nike during the 2nd quarter worth $226,588,000. Finally, Alliancebernstein L.P. grew its holdings in shares of Nike by 25.5% during the 2nd quarter. Alliancebernstein L.P. now owns 14,927,619 shares of the footwear maker’s stock worth $880,730,000 after purchasing an additional 3,033,280 shares during the period. 61.57% of the stock is owned by institutional investors and hedge funds.

Shares of Nike Inc (NYSE:NKE) opened at $67.13 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.67 and a current ratio of 2.46. Nike Inc has a 12-month low of $50.35 and a 12-month high of $69.00. The firm has a market capitalization of $109,520.00, a PE ratio of 29.06, a PEG ratio of 3.05 and a beta of 0.68.

Nike (NYSE:NKE) last issued its earnings results on Thursday, December 21st. The footwear maker reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. Nike had a return on equity of 31.64% and a net margin of 11.13%. The business had revenue of $8.55 billion for the quarter, compared to analyst estimates of $8.39 billion. During the same quarter last year, the company earned $0.50 EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis. research analysts forecast that Nike Inc will post 2.26 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 5th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, March 2nd. Nike’s dividend payout ratio (DPR) is presently 34.63%.

In other news, EVP John F. Slusher sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $63.09, for a total transaction of $6,309,000.00. Following the sale, the executive vice president now owns 268,169 shares of the company’s stock, valued at approximately $16,918,782.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Monique S. Matheson sold 10,000 shares of the firm’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 sale, the executive vice president now directly owns 23,248 shares in the company, valued at approximately $1,441,376. The disclosure for this sale can be found here. Insiders have sold a total of 932,896 shares of company stock worth $59,594,217 in the last three months. Corporate insiders own 3.90% of the company’s stock.

A number of equities analysts have recently weighed in on NKE shares. Robert W. Baird reiterated a “buy” rating and set a $65.00 price target on shares of Nike in a report on Friday, November 17th. Vetr upgraded Nike from a “hold” rating to a “buy” rating and set a $58.95 price target for the company in a report on Monday, October 30th. Deutsche Bank set a $61.00 price target on Nike and gave the stock a “buy” rating in a report on Thursday, October 26th. DA Davidson set a $68.00 price target on Nike and gave the stock a “buy” rating in a report on Thursday, December 14th. Finally, Argus upgraded Nike from a “hold” rating to a “buy” rating and increased their price target for the stock from $50.35 to $64.46 in a report on Thursday, December 14th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $65.61.

ILLEGAL ACTIVITY NOTICE: “Claraphi Advisory Network LLC Takes $361,000 Position in Nike Inc (NKE)” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another publication, it was copied illegally and republished in violation of United States and international copyright and trademark legislation. The original version of this report can be read at https://www.dispatchtribunal.com/2018/02/23/claraphi-advisory-network-llc-takes-361000-position-in-nike-inc-nke.html.

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.

Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nike Inc (NYSE:NKE).

Institutional Ownership by Quarter for Nike (NYSE:NKE)

Receive News & Ratings for Nike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nike and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply