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.
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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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