Rhumbline Advisers increased its position in shares of Nike Inc (NYSE:NKE) by 0.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,333,088 shares of the footwear maker’s stock after buying an additional 1,325 shares during the quarter. Rhumbline Advisers owned about 0.14% of Nike worth $145,935,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the stock. YorkBridge Wealth Partners LLC grew its stake in Nike by 0.3% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 26,169 shares of the footwear maker’s stock worth $1,535,000 after buying an additional 68 shares during the last quarter. Keel Point LLC grew its stake in Nike by 1.2% during the 2nd quarter. Keel Point LLC now owns 9,757 shares of the footwear maker’s stock worth $576,000 after buying an additional 119 shares during the last quarter. Associated Banc Corp grew its stake in Nike by 3.7% during the 2nd quarter. Associated Banc Corp now owns 4,252 shares of the footwear maker’s stock worth $251,000 after buying an additional 150 shares during the last quarter. Israel Discount Bank of New York grew its stake in Nike by 1.6% during the 2nd quarter. Israel Discount Bank of New York now owns 13,932 shares of the footwear maker’s stock worth $822,000 after buying an additional 215 shares during the last quarter. Finally, Security National Bank of Sioux City Iowa IA lifted its position in Nike by 0.6% during the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 43,462 shares of the footwear maker’s stock worth $2,564,000 after acquiring an additional 250 shares during the period. Hedge funds and other institutional investors own 65.76% of the company’s stock.
A number of analysts have weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $74.00 price objective on shares of Nike in a research report on Friday, December 22nd. Wedbush reaffirmed an “outperform” rating and set a $74.00 price objective on shares of Nike in a research report on Monday. Cowen set a $64.00 price objective on Nike and gave the stock a “hold” rating in a research report on Thursday, January 11th. Macquarie set a $72.00 price objective on Nike and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, Credit Suisse Group assumed coverage on Nike in a research report on Monday. They set an “outperform” rating and a $78.00 price objective for the company. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. Nike presently has an average rating of “Buy” and an average price target of $66.10.
Nike Inc (NKE) traded up $0.03 during trading on Wednesday, reaching $66.20. The company’s stock had a trading volume of 6,456,979 shares, compared to its average volume of 7,980,000. 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 stock has a market capitalization of $108,010.00, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 3.02 and a beta of 0.68. Nike Inc has a one year low of $50.35 and a one year high of $70.25.
Nike (NYSE:NKE) last released its quarterly earnings results on Thursday, December 21st. The footwear maker reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. The company had revenue of $8.55 billion during the quarter, compared to the consensus estimate of $8.39 billion. Nike had a return on equity of 31.64% and a net margin of 11.13%. Nike’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 earnings per share. research analysts anticipate that Nike Inc will post 2.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 5th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.21%. The ex-dividend date is Friday, March 2nd. Nike’s payout ratio is 34.63%.
In other Nike news, Chairman Mark G. Parker sold 135,000 shares of the firm’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 transaction, the chairman now owns 1,637,736 shares of the company’s stock, valued at $114,641,520. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Eric D. Sprunk sold 226,040 shares of the firm’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $63.10, for a total value of $14,263,124.00. Following the transaction, the chief operating officer now directly owns 165,591 shares of the company’s stock, valued at approximately $10,448,792.10. The disclosure for this sale can be found here. Insiders have sold 1,057,896 shares of company stock valued at $68,424,217 in the last three months. 3.90% of the stock is currently owned by company insiders.
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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