Mitchell Capital Management Co. lessened its holdings in shares of Nike (NYSE:NKE) by 5.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 64,639 shares of the footwear maker’s stock after selling 4,053 shares during the quarter. Mitchell Capital Management Co.’s holdings in Nike were worth $4,043,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of NKE. Amalgamated Bank boosted 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 acquiring an additional 3,189 shares during the period. Stifel Financial Corp boosted 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 acquiring an additional 49,251 shares during the period. Sun Life Financial INC boosted 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 acquiring an additional 9,499 shares during the period. Sather Financial Group Inc purchased a new position in Nike in the 2nd quarter worth approximately $9,275,000. Finally, Capital Bank & Trust Co boosted its holdings in Nike by 63.7% in the 3rd quarter. Capital Bank & Trust Co now owns 653,742 shares of the footwear maker’s stock worth $33,897,000 after acquiring an additional 254,372 shares during the period. 65.67% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on the company. Oppenheimer upgraded Nike to a “buy” rating in a report on Wednesday, January 31st. Stifel Nicolaus upped their price target on Nike from $74.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Citigroup restated a “buy” rating and issued a $78.00 price target (up previously from $74.00) on shares of Nike in a report on Wednesday, January 31st. Zacks Investment Research cut Nike from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Finally, Buckingham Research upped their price target on Nike from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. Nike has a consensus rating of “Hold” and a consensus target price of $68.55.
NYSE NKE traded down $2.04 during trading hours on Friday, hitting $67.55. The company had a trading volume of 9,719,265 shares, compared to its average volume of 8,573,114. Nike has a fifty-two week low of $50.35 and a fifty-two week high of $70.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.66 and a quick ratio of 1.73. The firm has a market capitalization of $109,899.73, a PE ratio of 26.91, a P/E/G ratio of 2.86 and a beta of 0.65.
Nike (NYSE:NKE) last issued its earnings results on Thursday, March 22nd. The footwear maker reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.15. Nike had a return on equity of 33.38% and a net margin of 5.11%. The firm had revenue of $8.98 billion for the quarter, compared to analyst estimates of $8.85 billion. During the same period last year, the company earned $0.68 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. equities research analysts expect that Nike will post 2.32 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Monday, March 5th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Friday, March 2nd. Nike’s dividend payout ratio is presently 31.87%.
In other Nike news, insider Eric D. Sprunk sold 100,000 shares of the 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 sale, the insider now directly owns 227,199 shares of the company’s stock, valued at $15,372,284.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Mark G. Parker sold 135,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $70.00, for a total value of $9,450,000.00. Following the transaction, the chairman now directly owns 1,637,736 shares in the company, valued at $114,641,520. The disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.
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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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