WINTON GROUP Ltd grew its holdings in Nike (NYSE:NKE) by 1,359.2% in the 4th quarter, according to the company in its most recent 13F 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 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Sandy Spring Bank raised its stake in shares of Nike by 2.3% during the 2nd quarter. Sandy Spring Bank now owns 140,017 shares of the footwear maker’s stock worth $8,261,000 after acquiring an additional 3,198 shares in the last quarter. HS Management Partners LLC raised its stake in shares of Nike by 24.5% during the 2nd quarter. HS Management Partners LLC now owns 4,911,432 shares of the footwear maker’s stock worth $289,774,000 after acquiring an additional 966,325 shares in the last quarter. Semper Augustus Investments Group LLC bought a new position in shares of Nike during the 2nd quarter worth approximately $2,338,000. Artisan Partners Limited Partnership bought a new position in shares of Nike during the 2nd quarter worth approximately $15,132,000. Finally, Bank Hapoalim BM bought a new position in shares of Nike during the 2nd quarter worth approximately $205,000. Institutional investors and hedge funds own 65.67% of the company’s stock.
NYSE NKE traded down $2.04 during mid-day trading on Friday, reaching $67.55. 9,719,265 shares of the stock were exchanged, compared to its average volume of 8,573,114. Nike has a 1 year low of $50.35 and a 1 year high of $70.25. The company has a market capitalization of $109,899.73, a PE ratio of 26.91, a price-to-earnings-growth ratio of 2.86 and a beta of 0.65. 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 (NYSE:NKE) last announced its quarterly earnings results on Thursday, March 22nd. The footwear maker reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.85 billion. During the same period in the prior year, the firm posted $0.68 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. equities analysts expect that Nike will post 2.32 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Monday, March 5th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Friday, March 2nd. Nike’s dividend payout ratio (DPR) is presently 31.87%.
NKE has been the subject of several recent analyst reports. Stifel Nicolaus set a $74.00 price objective on shares of Nike and gave the stock a “buy” rating in a research note on Friday, December 15th. Guggenheim reiterated a “buy” rating and set a $70.00 price objective on shares of Nike in a research note on Friday, December 15th. Deutsche Bank set a $76.00 price objective on shares of Nike and gave the stock a “buy” rating in a research note on Thursday, December 14th. Argus upgraded shares of Nike from a “hold” rating to a “buy” rating and upped their price target for the company from $50.35 to $64.46 in a research note on Thursday, December 14th. Finally, DA Davidson set a $68.00 price target on shares of Nike and gave the company a “buy” rating in a research note 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. The company has a consensus rating of “Hold” and a consensus target price of $68.55.
In other Nike news, insider Eric D. Sprunk sold 100,000 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $67.66, for a total transaction of $6,766,000.00. Following the transaction, the insider now directly owns 227,199 shares of the company’s stock, valued at $15,372,284.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Mark G. Parker sold 135,000 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $70.00, for a total transaction 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. Corporate insiders own 3.90% of the company’s stock.
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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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