Nike (NKE) Shares Bought by Sather Financial Group Inc

Sather Financial Group Inc boosted its position in Nike (NYSE:NKE) by 0.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 174,859 shares of the footwear maker’s stock after purchasing an additional 747 shares during the period. Nike makes up about 2.7% of Sather Financial Group Inc’s portfolio, making the stock its 15th largest holding. Sather Financial Group Inc’s holdings in Nike were worth $11,618,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Nike by 3.3% in the first quarter. BlackRock Inc. now owns 81,870,764 shares of the footwear maker’s stock worth $5,439,495,000 after purchasing an additional 2,649,041 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Nike by 1.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 17,523,005 shares of the footwear maker’s stock valued at $1,164,228,000 after buying an additional 248,381 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Nike by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 14,472,375 shares of the footwear maker’s stock valued at $903,432,000 after buying an additional 336,633 shares in the last quarter. Polen Capital Management LLC increased its holdings in shares of Nike by 1.2% in the fourth quarter. Polen Capital Management LLC now owns 12,741,989 shares of the footwear maker’s stock valued at $797,011,000 after buying an additional 155,509 shares in the last quarter. Finally, Sands Capital Management LLC increased its holdings in shares of Nike by 19.5% in the fourth quarter. Sands Capital Management LLC now owns 9,012,009 shares of the footwear maker’s stock valued at $563,701,000 after buying an additional 1,470,320 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NKE has been the topic of several research reports. Citigroup reaffirmed 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. Guggenheim reaffirmed a “buy” rating and issued a $78.00 price target on shares of Nike in a report on Friday, March 23rd. Barclays set a $75.00 price target on Nike and gave the company a “buy” rating in a report on Friday, March 23rd. Credit Suisse Group initiated coverage on Nike in a report on Monday, March 12th. They issued an “outperform” rating and a $78.00 price target on the stock. Finally, UBS set a $76.00 price target on Nike and gave the company a “buy” rating in a report on Thursday, February 1st. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-five have issued a buy rating to the company. Nike has a consensus rating of “Hold” and an average price target of $69.30.

In related news, insider Eric D. Sprunk sold 50,000 shares of the company’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $70.00, for a total value of $3,500,000.00. Following the completion of the sale, the insider now directly owns 191,959 shares in the company, valued at $13,437,130. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Mark G. Parker sold 135,000 shares of the company’s stock in a transaction 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 sale, the chairman now owns 1,637,736 shares of the company’s stock, valued at $114,641,520. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

Shares of NYSE:NKE opened at $71.31 on Wednesday. The firm has a market capitalization of $116.13 billion, a P/E ratio of 28.41, a price-to-earnings-growth ratio of 3.42 and a beta of 0.64. Nike has a 1 year low of $50.35 and a 1 year high of $72.19. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.66 and a quick ratio of 1.73.

Nike (NYSE:NKE) last issued its quarterly earnings data 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. The firm had revenue of $8.98 billion during the quarter, compared to analysts’ expectations of $8.85 billion. Nike had a net margin of 5.11% and a return on equity of 33.38%. Nike’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 earnings per share. equities analysts anticipate that Nike will post 2.33 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 5th. Investors of record on Monday, June 4th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Friday, June 1st. Nike’s dividend payout ratio is presently 31.87%.

Nike 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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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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