Russell Investments Group Ltd. Has $212.81 Million Holdings in Nike Inc (NKE)

Russell Investments Group Ltd. lowered its position in shares of Nike Inc (NYSE:NKE) by 9.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,381,954 shares of the footwear maker’s stock after selling 364,003 shares during the period. Russell Investments Group Ltd. owned about 0.21% of Nike worth $212,805,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NKE. Fiduciary Trust Co. raised its holdings in Nike by 4.9% in the 2nd quarter. Fiduciary Trust Co. now owns 230,463 shares of the footwear maker’s stock worth $13,597,000 after purchasing an additional 10,840 shares in the last quarter. Sterling Investment Advisors Ltd. raised its holdings in Nike by 651.4% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 27,050 shares of the footwear maker’s stock worth $1,596,000 after purchasing an additional 23,450 shares in the last quarter. Amalgamated Bank raised its holdings in Nike by 2.0% in the 3rd quarter. Amalgamated Bank now owns 159,323 shares of the footwear maker’s stock worth $8,261,000 after purchasing an additional 3,189 shares in the last quarter. Stifel Financial Corp raised its holdings in Nike by 3.9% in the 3rd quarter. Stifel Financial Corp now owns 1,319,016 shares of the footwear maker’s stock worth $68,428,000 after purchasing an additional 49,251 shares in the last quarter. Finally, Sun Life Financial INC raised its holdings in Nike by 23,747.5% in the 2nd quarter. Sun Life Financial INC now owns 9,539 shares of the footwear maker’s stock worth $563,000 after purchasing an additional 9,499 shares in the last quarter. 61.57% of the stock is owned by institutional investors and hedge funds.

Shares of Nike Inc (NYSE:NKE) opened at $68.16 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. The stock has a market cap of $111,200.00, a PE ratio of 29.51, a PEG ratio of 3.03 and a beta of 0.68. Nike Inc has a 1-year low of $50.35 and a 1-year high of $69.00.

Nike (NYSE:NKE) last announced its quarterly 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. The firm had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $8.39 billion. Nike had a net margin of 11.13% and a return on equity of 31.64%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.50 EPS. sell-side analysts forecast that Nike Inc will post 2.26 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 5th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Friday, March 2nd. Nike’s payout ratio is presently 34.63%.

NKE has been the subject of several research reports. JPMorgan Chase & Co. set a $58.00 price objective on shares of Nike and gave the stock a “neutral” rating in a report on Tuesday, January 2nd. Goldman Sachs Group set a $62.00 price target on shares of Nike and gave the stock a “neutral” rating in a research note on Thursday, December 28th. Buckingham Research assumed coverage on shares of Nike in a research note on Sunday, December 31st. They issued a “buy” rating and a $72.00 price target for the company. Bank of America set a $42.00 price target on shares of Nike and gave the stock a “sell” rating in a research note on Friday, December 22nd. Finally, Canaccord Genuity set a $60.00 price target on shares of Nike and gave the stock a “hold” rating in a research note on Sunday, January 7th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $65.61.

In related news, EVP Monique S. Matheson sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $62.00, for a total value of $620,000.00. Following the transaction, the executive vice president now owns 23,248 shares of the company’s stock, valued at $1,441,376. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Eric D. Sprunk sold 226,040 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $63.10, for a total transaction of $14,263,124.00. Following the completion of the transaction, the insider now directly owns 165,591 shares in the company, valued at approximately $10,448,792.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 932,896 shares of company stock worth $59,594,217. Insiders own 3.90% of the company’s stock.

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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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