B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund Has $850,000 Stake in Nike, Inc. (NKE)

B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund decreased its position in Nike, Inc. (NYSE:NKE) by 7.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,261 shares of the footwear maker’s stock after selling 1,239 shares during the period. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Nike were worth $850,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Flagship Harbor Advisors LLC grew its stake in shares of Nike by 50.5% in the 1st quarter. Flagship Harbor Advisors LLC now owns 13,032 shares of the footwear maker’s stock valued at $715,000 after buying an additional 4,370 shares during the period. Caxton Associates LP grew its stake in shares of Nike by 105.6% in the 1st quarter. Caxton Associates LP now owns 10,000 shares of the footwear maker’s stock valued at $557,000 after buying an additional 190,000 shares during the period. Blue Ridge Capital L.L.C. grew its stake in shares of Nike by 7.0% in the 1st quarter. Blue Ridge Capital L.L.C. now owns 5,335,000 shares of the footwear maker’s stock valued at $297,320,000 after buying an additional 348,500 shares during the period. Tudor Investment Corp ET AL grew its stake in shares of Nike by 977.1% in the 1st quarter. Tudor Investment Corp ET AL now owns 200,000 shares of the footwear maker’s stock valued at $11,146,000 after buying an additional 181,432 shares during the period. Finally, Barings LLC grew its stake in shares of Nike by 41.4% in the 1st quarter. Barings LLC now owns 100,172 shares of the footwear maker’s stock valued at $5,583,000 after buying an additional 29,324 shares during the period. 62.72% of the stock is owned by institutional investors and hedge funds.

Shares of Nike, Inc. (NYSE NKE) traded up 1.24% during mid-day trading on Tuesday, hitting $53.69. 3,894,947 shares of the stock traded hands. The firm’s 50 day moving average price is $56.57 and its 200-day moving average price is $55.58. Nike, Inc. has a 12-month low of $49.01 and a 12-month high of $60.53. The stock has a market cap of $88.22 billion, a P/E ratio of 21.39 and a beta of 0.61.

Nike (NYSE:NKE) last released its quarterly earnings results on Thursday, June 29th. The footwear maker reported $0.60 EPS for the quarter, topping the consensus estimate of $0.50 by $0.10. The business had revenue of $8.68 billion during the quarter, compared to analyst estimates of $8.63 billion. Nike had a net margin of 12.34% and a return on equity of 34.18%. The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 earnings per share. Analysts predict that Nike, Inc. will post $2.41 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Tuesday, September 5th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, August 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.36%. Nike’s dividend payout ratio is currently 28.69%.

WARNING: This report was originally posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://sportsperspectives.com/2017/09/12/b-s-pension-fund-trustee-ltd-acting-for-the-british-steel-pension-fund-has-850000-stake-in-nike-inc-nke.html.

In other news, insider Eric D. Sprunk sold 112,323 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $58.61, for a total transaction of $6,583,251.03. Following the completion of the transaction, the insider now owns 139,551 shares in the company, valued at $8,179,084.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eric D. Sprunk sold 50,000 shares of the company’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $59.00, for a total transaction of $2,950,000.00. Following the transaction, the insider now owns 300,108 shares of the company’s stock, valued at approximately $17,706,372. The disclosure for this sale can be found here. Insiders have sold 492,360 shares of company stock valued at $28,485,174 in the last 90 days. Insiders own 3.90% of the company’s stock.

Several equities analysts have recently commented on NKE shares. Stifel Nicolaus set a $66.00 price objective on shares of Nike and gave the stock a “buy” rating in a report on Saturday, July 22nd. Piper Jaffray Companies set a $53.00 price objective on shares of Nike and gave the stock a “hold” rating in a report on Saturday, July 22nd. Guggenheim restated a “buy” rating and issued a $70.00 price objective on shares of Nike in a report on Monday, July 24th. Cowen and Company set a $54.00 price objective on shares of Nike and gave the stock a “hold” rating in a report on Friday, August 4th. Finally, Barclays PLC restated an “overweight” rating and issued a $65.00 price objective on shares of Nike in a report on Friday, June 30th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $60.66.

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.

Institutional Ownership by Quarter for Nike (NYSE:NKE)

Receive News & Ratings for Nike Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nike Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply