Atlanta Capital Management Co. L L C lessened its stake in shares of Nike Inc (NYSE:NKE) by 3.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 488,332 shares of the footwear maker’s stock after selling 16,146 shares during the period. Atlanta Capital Management Co. L L C’s holdings in Nike were worth $25,320,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its stake in shares of Nike by 4,252.6% during the 2nd quarter. Janus Henderson Group PLC now owns 16,619,387 shares of the footwear maker’s stock worth $980,539,000 after purchasing an additional 16,237,557 shares during the last quarter. Capital World Investors raised its stake in shares of Nike by 58.7% in the second quarter. Capital World Investors now owns 21,779,409 shares of the footwear maker’s stock worth $1,284,985,000 after purchasing an additional 8,058,601 shares during the last quarter. Harding Loevner LP raised its stake in shares of Nike by 97.1% in the third quarter. Harding Loevner LP now owns 12,151,210 shares of the footwear maker’s stock worth $390,421,000 after purchasing an additional 5,987,728 shares during the last quarter. Orbis Allan Gray Ltd acquired a new stake in Nike during the second quarter worth about $226,588,000. Finally, Alliancebernstein L.P. grew its holdings in Nike by 25.5% during the second quarter. Alliancebernstein L.P. now owns 14,927,619 shares of the footwear maker’s stock worth $880,730,000 after acquiring an additional 3,033,280 shares during the period. Institutional investors own 62.78% of the company’s stock.
Shares of Nike Inc (NYSE:NKE) traded up $3.00 during trading hours on Friday, reaching $65.49. The company’s stock had a trading volume of 13,692,782 shares, compared to its average volume of 8,160,000. The firm has a market cap of $106,850.00, a PE ratio of 28.35, a PEG ratio of 2.96 and a beta of 0.68. The company has a current ratio of 2.46, a quick ratio of 1.67 and a debt-to-equity ratio of 0.30. Nike Inc has a 52-week low of $50.35 and a 52-week high of $68.83.
Nike (NYSE:NKE) last announced its earnings results on Thursday, December 21st. The footwear maker reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. Nike had a return on equity of 31.64% and a net margin of 11.13%. The firm had revenue of $8.55 billion for the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter in the prior year, the firm earned $0.50 EPS. Nike’s quarterly revenue was up 4.6% on a year-over-year basis. equities analysts anticipate that Nike Inc will post 2.26 EPS for the current year.
In related news, EVP Monique S. Matheson sold 10,000 shares of the 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 directly owns 23,248 shares of the company’s stock, valued at approximately $1,441,376. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Eric D. Sprunk sold 226,040 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $63.10, for a total value of $14,263,124.00. Following the completion of the transaction, the insider now directly owns 165,591 shares in the company, valued at $10,448,792.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 932,896 shares of company stock worth $59,594,217. Corporate insiders own 3.90% of the company’s stock.
Several research firms recently commented on NKE. B. Riley reaffirmed a “neutral” rating on shares of Nike in a report on Wednesday, November 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $74.00 target price on shares of Nike in a report on Friday, December 22nd. Macquarie set a $72.00 price objective on Nike and gave the company a “buy” rating in a report on Thursday, January 11th. Cowen set a $64.00 price objective on Nike and gave the company a “hold” rating in a report on Thursday, January 11th. Finally, Barclays set a $71.00 price target on Nike and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $65.37.
Nike Company Profile
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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