YHB Investment Advisors Inc. cut its stake in Nike Inc (NYSE:NKE) by 7.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,809 shares of the footwear maker’s stock after selling 7,955 shares during the period. YHB Investment Advisors Inc.’s holdings in Nike were worth $5,279,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of NKE. Asset Planning Services Ltd. lifted its position in shares of Nike by 0.3% during the second quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock valued at $126,000 after buying an additional 7 shares during the last quarter. Atlantic Trust LLC purchased a new stake in shares of Nike during the second quarter valued at about $136,000. Howe & Rusling Inc. lifted its position in shares of Nike by 751.3% during the third quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock valued at $137,000 after buying an additional 2,329 shares during the last quarter. Kistler Tiffany Companies LLC lifted its position in shares of Nike by 91.7% during the second quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock valued at $149,000 after buying an additional 1,209 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Nike by 7.8% during the second quarter. Parkside Financial Bank & Trust now owns 2,780 shares of the footwear maker’s stock valued at $164,000 after buying an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 62.67% of the company’s stock.
Several analysts have commented on the stock. Goldman Sachs Group set a $59.00 price target on shares of Nike and gave the company a “neutral” rating in a research report on Thursday, December 14th. HSBC lowered shares of Nike from a “buy” rating to a “hold” rating and increased their price target for the company from $58.95 to $62.00 in a research report on Tuesday, November 28th. Buckingham Research started coverage on shares of Nike in a research report on Sunday, December 31st. They issued a “buy” rating and a $72.00 price objective for the company. Zacks Investment Research raised shares of Nike from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, B. Riley increased their price objective on shares of Nike from $53.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, December 22nd. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. Nike has a consensus rating of “Hold” and an average target price of $64.40.
In other news, Chairman Mark G. Parker sold 135,000 shares of Nike stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $55.03, for a total transaction of $7,429,050.00. Following the transaction, the chairman now owns 1,637,736 shares in the company, valued at approximately $90,124,612.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Monique S. Matheson sold 10,000 shares of Nike stock in a transaction on Monday, December 11th. The stock was sold at an average price of $62.00, for a total value of $620,000.00. Following the transaction, the executive vice president now owns 23,248 shares in the company, valued at approximately $1,441,376. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 967,896 shares of company stock worth $60,257,267. 3.90% of the stock is currently owned by corporate insiders.
Shares of Nike Inc (NYSE:NKE) opened at $64.67 on Friday. Nike Inc has a one year low of $50.35 and a one year high of $65.18. The stock has a market cap of $105,510.00, a price-to-earnings ratio of 28.00, a P/E/G ratio of 2.90 and a beta of 0.64. The company has a quick ratio of 1.67, a current ratio of 2.46 and a debt-to-equity ratio of 0.30.
Nike (NYSE:NKE) last announced its earnings results on Thursday, December 21st. The footwear maker reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.06. Nike had a net margin of 11.13% and a return on equity of 31.64%. The company had revenue of $8.55 billion for the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter in the previous year, the company posted $0.50 EPS. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. equities analysts expect that Nike Inc will post 2.25 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Friday, December 1st. This is a boost from Nike’s previous quarterly dividend of $0.18. Nike’s payout ratio is 34.63%.
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NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.
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