Amalgamated Bank raised its stake in shares of Nike (NYSE:NKE) by 8.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,399 shares of the footwear maker’s stock after purchasing an additional 13,076 shares during the period. Amalgamated Bank’s holdings in Nike were worth $10,784,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of NKE. Vanguard Group Inc. lifted its stake in shares of Nike by 2.5% in the second quarter. Vanguard Group Inc. now owns 99,605,408 shares of the footwear maker’s stock worth $5,876,718,000 after buying an additional 2,452,993 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of Nike by 10.4% in the second quarter. Capital Research Global Investors now owns 24,135,396 shares of the footwear maker’s stock worth $1,423,988,000 after buying an additional 2,274,869 shares in the last quarter. Capital World Investors lifted its stake in shares of Nike by 58.7% in the second quarter. Capital World Investors now owns 21,779,409 shares of the footwear maker’s stock worth $1,284,985,000 after buying an additional 8,058,601 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Nike by 6.7% in the second quarter. Northern Trust Corp now owns 21,502,892 shares of the footwear maker’s stock worth $1,268,671,000 after buying an additional 1,344,638 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Nike by 4,252.6% in the second quarter. Janus Henderson Group PLC now owns 16,619,387 shares of the footwear maker’s stock worth $980,539,000 after buying an additional 16,237,557 shares in the last quarter. 65.67% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Eric D. Sprunk sold 100,000 shares of Nike stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $67.66, for a total value of $6,766,000.00. Following the completion of the transaction, the insider now owns 227,199 shares in the company, valued at $15,372,284.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Mark G. Parker sold 135,000 shares of Nike stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $70.00, for a total transaction of $9,450,000.00. Following the completion of the transaction, the chairman now owns 1,637,736 shares of the company’s stock, valued at approximately $114,641,520. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.
Shares of NYSE NKE traded down $2.04 during midday trading on Friday, hitting $67.55. The company’s stock had a trading volume of 9,719,265 shares, compared to its average volume of 8,573,114. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.73 and a current ratio of 2.66. Nike has a 1 year low of $50.35 and a 1 year high of $70.25. The firm has a market cap of $113,218.68, a price-to-earnings ratio of 26.91, a PEG ratio of 2.95 and a beta of 0.65.
Nike (NYSE:NKE) last posted its quarterly earnings data on Thursday, March 22nd. The footwear maker reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.15. Nike had a net margin of 5.11% and a return on equity of 33.38%. The business had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.85 billion. During the same quarter last year, the firm posted $0.68 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. equities analysts predict that Nike will post 2.32 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Monday, March 5th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Friday, March 2nd. Nike’s payout ratio is 31.87%.
NKE has been the topic of several research reports. OTR Global raised shares of Nike to a “positive” rating in a research note on Monday, December 11th. Susquehanna Bancshares reissued a “hold” rating and issued a $57.00 price target on shares of Nike in a research note on Wednesday, December 13th. Vetr downgraded shares of Nike from a “hold” rating to a “sell” rating and set a $59.88 price target on the stock. in a research note on Thursday, December 14th. DA Davidson set a $68.00 price target on shares of Nike and gave the stock a “buy” rating in a research note on Thursday, December 14th. Finally, Wedbush restated a “hold” rating and set a $57.00 price objective (up from $52.00) on shares of Nike in a research report on Thursday, December 14th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-four have given a buy rating to the stock. Nike has an average rating of “Hold” and an average price target of $68.55.
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Nike Company Profile
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. It offers NIKE brand products in nine categories: running, NIKE basketball, the Jordan brand, football, men's training, women's training, action sports, sportswear, and golf.
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