Howland Capital Management LLC increased its holdings in shares of NIKE, Inc. (NYSE:NKE) by 12.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,800 shares of the footwear maker’s stock after buying an additional 878 shares during the quarter. Howland Capital Management LLC’s holdings in NIKE were worth $1,037,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. GFG Capital LLC raised its stake in NIKE by 16.6% during the 1st quarter. GFG Capital LLC now owns 13,887 shares of the footwear maker’s stock worth $1,845,000 after buying an additional 1,972 shares during the period. Cypress Wealth Services LLC raised its stake in NIKE by 38.4% during the 1st quarter. Cypress Wealth Services LLC now owns 3,098 shares of the footwear maker’s stock worth $412,000 after buying an additional 859 shares during the period. Probity Advisors Inc. acquired a new stake in NIKE during the 1st quarter worth $499,000. J.W. Cole Advisors Inc. raised its stake in NIKE by 14.3% during the 1st quarter. J.W. Cole Advisors Inc. now owns 6,486 shares of the footwear maker’s stock worth $862,000 after buying an additional 812 shares during the period. Finally, Csenge Advisory Group raised its stake in NIKE by 20.1% during the 1st quarter. Csenge Advisory Group now owns 1,927 shares of the footwear maker’s stock worth $261,000 after buying an additional 322 shares during the period. 64.20% of the stock is currently owned by institutional investors and hedge funds.
Shares of NIKE stock opened at $133.03 on Tuesday. The company has a quick ratio of 1.97, a current ratio of 2.66 and a debt-to-equity ratio of 0.88. NIKE, Inc. has a twelve month low of $84.11 and a twelve month high of $147.95. The stock has a market cap of $210.18 billion, a price-to-earnings ratio of 76.02, a P/E/G ratio of 2.51 and a beta of 0.83. The company’s fifty day moving average is $134.38 and its 200 day moving average is $135.89.
NIKE (NYSE:NKE) last issued its quarterly earnings data on Wednesday, March 17th. The footwear maker reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.15. NIKE had a net margin of 7.39% and a return on equity of 34.89%. The company had revenue of $10.40 billion for the quarter, compared to analysts’ expectations of $10.98 billion. During the same quarter in the previous year, the firm posted $0.78 earnings per share. NIKE’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, equities analysts anticipate that NIKE, Inc. will post 2.96 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 1st. Investors of record on Monday, March 1st were paid a $0.275 dividend. The ex-dividend date of this dividend was Friday, February 26th. This represents a $1.10 annualized dividend and a dividend yield of 0.83%. NIKE’s dividend payout ratio is 59.46%.
NKE has been the topic of several recent research reports. Robert W. Baird raised NIKE from a “neutral” rating to an “outperform” rating and set a $150.00 price target on the stock in a research note on Thursday, April 1st. KeyCorp lifted their price target on NIKE from $174.00 to $180.00 and gave the company an “overweight” rating in a research note on Monday, January 25th. Pivotal Research lifted their price target on NIKE from $160.00 to $167.00 and gave the company a “buy” rating in a research note on Tuesday, March 16th. DZ Bank reissued a “sell” rating on shares of NIKE in a research note on Friday, April 23rd. Finally, The Goldman Sachs Group set a $164.00 price target on NIKE and gave the company a “buy” rating in a research note on Monday, January 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirty have assigned a buy rating to the company’s stock. NIKE presently has an average rating of “Buy” and an average price target of $159.83.
In other NIKE news, CAO Hilary K. Krane sold 15,000 shares of the company’s stock in a transaction on Wednesday, April 14th. The shares were sold at an average price of $133.54, for a total transaction of $2,003,100.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Peter B. Henry sold 3,388 shares of the company’s stock in a transaction on Tuesday, April 20th. The shares were sold at an average price of $127.03, for a total transaction of $430,377.64. Following the sale, the director now directly owns 2,282 shares in the company, valued at approximately $289,882.46. The disclosure for this sale can be found here. In the last three months, insiders sold 132,482 shares of company stock worth $17,342,141. 3.80% of the stock is currently owned by insiders.
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.
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