IFG Advisory LLC acquired a new stake in Nike Inc (NYSE:NKE) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 6,824 shares of the footwear maker’s stock, valued at approximately $384,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Field & Main Bank acquired a new position in Nike in the 4th quarter valued at about $100,000. Willingdon Wealth Management bought a new stake in shares of Nike during the 3rd quarter worth approximately $114,000. Atlantic Trust LLC bought a new stake in shares of Nike during the 2nd quarter worth approximately $136,000. Howe & Rusling Inc. lifted its holdings in shares of Nike by 751.3% during the 3rd quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock worth $137,000 after acquiring an additional 2,329 shares during the period. Finally, Fieldpoint Private Securities LLC lifted its holdings in shares of Nike by 110.5% during the 2nd quarter. Fieldpoint Private Securities LLC now owns 3,048 shares of the footwear maker’s stock worth $180,000 after acquiring an additional 1,600 shares during the period. 65.06% of the stock is currently owned by institutional investors and hedge funds.
NKE has been the subject of several research reports. Argus raised shares of Nike from a “hold” rating to a “buy” rating and increased their price objective for the company from $50.35 to $64.46 in a research note on Thursday, December 14th. Buckingham Research set a $71.00 price target on shares of Nike and gave the company a “buy” rating in a research report on Monday, December 25th. DA Davidson increased their price objective on shares of Nike from $68.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, December 26th. Robert W. Baird restated a “buy” rating and issued a $65.00 price target on shares of Nike in a report on Friday, November 17th. Finally, Zacks Investment Research cut shares of Nike from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $65.61.
In related news, EVP Monique S. Matheson sold 10,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $65.00, for a total value of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 23,248 shares of the company’s stock, valued at approximately $1,511,120. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Mark G. Parker sold 135,000 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $65.00, for a total transaction of $8,775,000.00. Following the completion of the sale, the chairman now directly owns 1,502,830 shares of the company’s stock, valued at $97,683,950. The disclosure for this sale can be found here. Insiders sold a total of 1,067,896 shares of company stock worth $69,044,217 in the last quarter. Company insiders own 3.90% of the company’s stock.
Nike Inc (NYSE:NKE) traded up $0.94 on Thursday, reaching $65.11. 5,573,005 shares of the company’s stock traded hands, compared to its average volume of 7,990,000. Nike Inc has a 1-year low of $50.35 and a 1-year high of $70.25. The company has a quick ratio of 1.67, a current ratio of 2.46 and a debt-to-equity ratio of 0.30. The company has a market cap of $106,230.00, a PE ratio of 28.19, a P/E/G ratio of 2.95 and a beta of 0.68.
Nike (NYSE:NKE) last issued its quarterly earnings data on Thursday, December 21st. The footwear maker reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ 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 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 business earned $0.50 EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis. research analysts forecast that Nike Inc will post 2.26 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 5th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Friday, March 2nd. Nike’s dividend payout ratio (DPR) is presently 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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