Dividend Assets Capital LLC cut its position in Nike, Inc. (NYSE:NKE) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,149,799 shares of the footwear maker’s stock after selling 6,035 shares during the quarter. Nike comprises approximately 2.7% of Dividend Assets Capital LLC’s holdings, making the stock its 6th biggest position. Dividend Assets Capital LLC owned approximately 0.09% of Nike worth $67,838,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in NKE. OppenheimerFunds Inc. grew its stake in shares of Nike by 7,020.1% in the first quarter. OppenheimerFunds Inc. now owns 5,349,793 shares of the footwear maker’s stock valued at $298,145,000 after buying an additional 5,274,656 shares in the last quarter. Flossbach Von Storch AG grew its stake in shares of Nike by 141.9% in the second quarter. Flossbach Von Storch AG now owns 4,669,950 shares of the footwear maker’s stock valued at $275,527,000 after buying an additional 2,739,500 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Nike by 5.0% in the first quarter. Wellington Management Group LLP now owns 49,907,256 shares of the footwear maker’s stock valued at $2,781,332,000 after buying an additional 2,375,447 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of Nike in the first quarter valued at $122,886,000. Finally, Harbour Capital Advisors LLC grew its stake in shares of Nike by 5,753.4% in the second quarter. Harbour Capital Advisors LLC now owns 1,925,583 shares of the footwear maker’s stock valued at $32,637,000 after buying an additional 1,892,686 shares in the last quarter. 62.63% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently weighed in on the stock. UBS AG reissued a “buy” rating and issued a $62.00 target price (down from $63.00) on shares of Nike in a research note on Tuesday, June 27th. FBR & Co set a $53.00 target price on shares of Nike and gave the company a “hold” rating in a research note on Saturday, July 1st. Canaccord Genuity set a $51.00 target price on shares of Nike and gave the company a “hold” rating in a research note on Saturday, July 1st. Wells Fargo & Company set a $56.00 target price on shares of Nike and gave the company a “hold” rating in a research note on Saturday, July 1st. Finally, Piper Jaffray Companies set a $50.00 target price on shares of Nike and gave the company a “hold” rating in a research note on Saturday, July 1st. Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $59.14.
Shares of Nike, Inc. (NYSE NKE) opened at 51.03 on Thursday. Nike, Inc. has a one year low of $49.01 and a one year high of $60.53. The company has a market capitalization of $83.64 billion, a PE ratio of 21.72 and a beta of 0.61. The company has a 50-day moving average price of $52.84 and a 200 day moving average price of $54.89.
Nike (NYSE:NKE) last posted its quarterly earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.09. Nike had a return on equity of 31.88% and a net margin of 11.47%. The business had revenue of $9.07 billion for the quarter, compared to analyst estimates of $9.08 billion. During the same period last year, the company earned $0.73 EPS. Nike’s revenue for the quarter was up .1% compared to the same quarter last year. Equities analysts anticipate that Nike, Inc. will post $2.32 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Tuesday, September 5th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.72 annualized dividend and a yield of 1.41%. Nike’s payout ratio is 30.64%.
In other news, CAO Hilary K. Krane sold 28,072 shares of Nike stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $58.10, for a total value of $1,630,983.20. Following the sale, the chief accounting officer now directly owns 177,723 shares in the company, valued at approximately $10,325,706.30. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Johnathan A. Rodgers sold 16,000 shares of Nike stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $53.45, for a total value of $855,200.00. Following the completion of the sale, the director now owns 25,660 shares in the company, valued at $1,371,527. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 162,117 shares of company stock worth $9,409,321. 3.90% of the stock is owned by corporate 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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