WINTON GROUP Ltd increased its holdings in shares of Nike Inc (NYSE:NKE) by 1,359.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 97,812 shares of the footwear maker’s stock after purchasing an additional 91,109 shares during the quarter. WINTON GROUP Ltd’s holdings in Nike were worth $6,118,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Geode Capital Management LLC boosted its position in Nike by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 14,472,375 shares of the footwear maker’s stock worth $903,432,000 after acquiring an additional 336,633 shares during the last quarter. Investec Asset Management LTD boosted its position in Nike by 56.3% during the 4th quarter. Investec Asset Management LTD now owns 317,985 shares of the footwear maker’s stock worth $19,890,000 after acquiring an additional 114,583 shares during the last quarter. Baker Chad R boosted its position in Nike by 5.1% during the 4th quarter. Baker Chad R now owns 66,435 shares of the footwear maker’s stock worth $4,155,000 after acquiring an additional 3,200 shares during the last quarter. Maverick Capital Ltd. acquired a new position in Nike during the 4th quarter worth approximately $10,759,000. Finally, Financial Gravity Companies Inc. acquired a new position in Nike during the 4th quarter worth approximately $292,000. 65.76% of the stock is owned by institutional investors and hedge funds.
Shares of Nike Inc (NKE) opened at $65.91 on Friday. The company has a current ratio of 2.46, a quick ratio of 1.67 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $108,012.48, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 3.00 and a beta of 0.68. Nike Inc has a twelve month low of $50.35 and a twelve month high of $70.25.
Nike (NYSE:NKE) last posted its quarterly earnings data 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. The firm had revenue of $8.55 billion for the quarter, compared to analysts’ expectations of $8.39 billion. Nike had a return on equity of 31.64% and a net margin of 11.13%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.50 EPS. equities research analysts expect that Nike Inc will post 2.26 earnings per share for the current fiscal 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 given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.21%. The ex-dividend date is Friday, March 2nd. Nike’s payout ratio is 34.63%.
A number of equities analysts have weighed in on NKE shares. Stifel Nicolaus set a $74.00 price target on Nike and gave the stock a “buy” rating in a research report on Friday, December 15th. Guggenheim reaffirmed a “buy” rating and set a $70.00 price target on shares of Nike in a research report on Friday, December 15th. Deutsche Bank set a $76.00 price target on Nike and gave the stock a “buy” rating in a research report on Thursday, December 14th. Argus raised Nike from a “hold” rating to a “buy” rating and upped their price target for the stock from $50.35 to $64.46 in a research report on Thursday, December 14th. Finally, DA Davidson set a $68.00 price target on Nike and gave the stock a “buy” rating in a research report on Thursday, December 14th. Three research 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 company. The stock presently has a consensus rating of “Buy” and a consensus price target of $66.10.
In other Nike news, insider Eric D. Sprunk sold 226,040 shares of the stock in a transaction 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 transaction, the insider now owns 165,591 shares in the company, valued at approximately $10,448,792.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Mark G. Parker sold 135,000 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $65.00, for a total value of $8,775,000.00. Following the transaction, the chairman now owns 1,502,830 shares in the company, valued at approximately $97,683,950. The disclosure for this sale can be found here. Insiders have sold a total of 1,047,802 shares of company stock worth $67,768,107 in the last quarter. Company insiders own 3.90% of the company’s stock.
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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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