Amalgamated Bank lifted its holdings in Nike Inc (NYSE:NKE) by 8.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 172,399 shares of the footwear maker’s stock after purchasing an additional 13,076 shares during the quarter. Amalgamated Bank’s holdings in Nike were worth $10,784,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Field & Main Bank acquired a new position in shares of Nike in the 4th quarter valued at approximately $100,000. Pinnacle Wealth Planning Services Inc. bought a new stake in Nike in the 4th quarter valued at approximately $116,000. SeaCrest Wealth Management LLC bought a new stake in Nike in the 4th quarter valued at approximately $128,000. First Dallas Securities Inc. bought a new stake in Nike in the 4th quarter valued at approximately $128,000. Finally, Willingdon Wealth Management bought a new stake in Nike in the 3rd quarter valued at approximately $114,000. Institutional investors and hedge funds own 65.76% of the company’s stock.
Shares of Nike Inc (NKE) opened at $66.39 on Friday. Nike Inc has a 12 month low of $50.35 and a 12 month high of $70.25. The company has a quick ratio of 1.67, a current ratio of 2.46 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $108,320.00, a price-to-earnings ratio of 28.74, a P/E/G ratio of 2.99 and a beta of 0.68.
Nike (NYSE:NKE) last issued its quarterly earnings data on Thursday, December 21st. The footwear maker reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. Nike had a return on equity of 31.64% and a net margin of 11.13%. The firm had revenue of $8.55 billion for the quarter, compared to analyst estimates of $8.39 billion. During the same period in the prior year, the firm posted $0.50 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. equities analysts expect that Nike Inc will post 2.25 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 5th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Friday, March 2nd. Nike’s dividend payout ratio is 34.63%.
In other Nike news, insider Eric D. Sprunk sold 100,000 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $67.66, for a total value of $6,766,000.00. Following the transaction, the insider now directly owns 227,199 shares of the company’s stock, valued at approximately $15,372,284.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Mark G. Parker sold 135,000 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $65.00, for a total value of $8,775,000.00. Following the completion of the transaction, the chairman now directly owns 1,502,830 shares in the company, valued at $97,683,950. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,047,802 shares of company stock worth $67,768,107. Insiders own 3.90% of the company’s stock.
Several equities research analysts have commented on the company. Stifel Nicolaus restated a “buy” rating and issued a $74.00 target price on shares of Nike in a research note on Friday, December 22nd. Macquarie set a $72.00 target price on Nike and gave the company a “buy” rating in a research note on Thursday, January 11th. Cowen set a $64.00 target price on Nike and gave the company a “hold” rating in a research note on Thursday, January 11th. UBS Group set a $76.00 target price on Nike and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, Telsey Advisory Group boosted their target price on Nike from $61.00 to $68.00 and gave the company an “outperform” rating in a research note on Monday, December 18th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $66.10.
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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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