Axa decreased its holdings in shares of Nike (NYSE:NKE) by 8.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 710,869 shares of the footwear maker’s stock after selling 67,496 shares during the quarter. Axa’s holdings in Nike were worth $44,464,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of NKE. Vanguard Group Inc. increased its stake in Nike by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 99,605,408 shares of the footwear maker’s stock worth $5,876,718,000 after buying an additional 2,452,993 shares during the period. Capital Research Global Investors increased its stake in Nike by 10.4% during the 2nd quarter. Capital Research Global Investors now owns 24,135,396 shares of the footwear maker’s stock worth $1,423,988,000 after buying an additional 2,274,869 shares during the period. Capital World Investors increased its stake in Nike by 58.7% during the 2nd quarter. Capital World Investors now owns 21,779,409 shares of the footwear maker’s stock worth $1,284,985,000 after buying an additional 8,058,601 shares during the period. Northern Trust Corp increased its stake in Nike by 6.7% during the 2nd quarter. Northern Trust Corp now owns 21,502,892 shares of the footwear maker’s stock worth $1,268,671,000 after buying an additional 1,344,638 shares during the period. Finally, Janus Henderson Group PLC increased its stake in 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 buying an additional 16,237,557 shares during the period. Institutional investors and hedge funds own 65.76% of the company’s stock.
Several equities research analysts recently issued reports on NKE shares. Argus raised shares of Nike from a “hold” rating to a “buy” rating and lifted their price target for the stock 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 stock a “buy” rating in a research note on Monday, December 25th. DA Davidson lifted their price target on shares of Nike from $68.00 to $78.00 and gave the stock a “buy” rating in a research note on Tuesday, December 26th. Zacks Investment Research downgraded shares of Nike from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Finally, Citigroup reaffirmed a “buy” rating and set a $74.00 price target on shares of Nike in a research note on Tuesday, December 19th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $66.10.
In other Nike news, Chairman Mark G. Parker sold 135,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were 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 directly owns 1,637,736 shares of the company’s stock, valued at approximately $114,641,520. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eric D. Sprunk sold 100,000 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $67.66, for a total transaction of $6,766,000.00. Following the transaction, the insider now directly owns 227,199 shares of the company’s stock, valued at $15,372,284.34. The disclosure for this sale can be found here. Insiders have sold a total of 1,047,802 shares of company stock valued at $67,768,107 over the last three months. 3.90% of the stock is currently owned by company insiders.
Nike (NYSE:NKE) opened at $65.91 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.67 and a current ratio of 2.46. The stock has a market cap of $108,012.48, a PE ratio of 28.53, a price-to-earnings-growth ratio of 3.00 and a beta of 0.68. Nike has a one year low of $50.35 and a one year high of $70.25.
Nike (NYSE:NKE) last posted its earnings results on Thursday, December 21st. The footwear maker reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The firm had revenue of $8.55 billion during the quarter, compared to analyst estimates of $8.39 billion. Nike had a net margin of 11.13% and a return on equity of 31.64%. Nike’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.50 EPS. equities research analysts predict that Nike will post 2.26 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 5th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Friday, March 2nd. Nike’s payout ratio is 34.63%.
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NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. It offers NIKE brand products in nine categories: running, NIKE basketball, the Jordan brand, football, men's training, women's training, action sports, sportswear, and golf.
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