Mizuho Securities USA LLC grew its holdings in Nike Inc (NYSE:NKE) by 20.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 18,506 shares of the footwear maker’s stock after buying an additional 3,199 shares during the quarter. Mizuho Securities USA LLC’s holdings in Nike were worth $1,158,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Nike by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 99,605,408 shares of the footwear maker’s stock worth $5,876,718,000 after acquiring an additional 2,452,993 shares in the last quarter. Capital Research Global Investors raised its position in shares of Nike by 10.4% in 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 acquiring an additional 2,274,869 shares in the last quarter. Capital World Investors raised its position in shares of Nike by 58.7% in the 2nd quarter. Capital World Investors now owns 21,779,409 shares of the footwear maker’s stock worth $1,284,985,000 after acquiring an additional 8,058,601 shares in the last quarter. Northern Trust Corp raised its position in shares of Nike by 6.7% in the 2nd quarter. Northern Trust Corp now owns 21,502,892 shares of the footwear maker’s stock worth $1,268,671,000 after acquiring an additional 1,344,638 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Nike by 4,252.6% in the 2nd quarter. Janus Henderson Group PLC now owns 16,619,387 shares of the footwear maker’s stock worth $980,539,000 after acquiring an additional 16,237,557 shares in the last quarter. Institutional investors and hedge funds own 62.78% of the company’s stock.
Several brokerages have recently issued reports on NKE. UBS Group set a $76.00 target price on Nike and gave the stock a “buy” rating in a research report on Thursday, February 1st. Oppenheimer raised Nike to a “buy” rating in a research report on Wednesday, January 31st. Citigroup reissued a “buy” rating and issued a $78.00 target price (up previously from $74.00) on shares of Nike in a research report on Wednesday, January 31st. Wedbush raised Nike from a “neutral” rating to an “outperform” rating and set a $74.00 target price for the company in a research report on Friday, January 19th. Finally, Cowen set a $64.00 target price on Nike and gave the stock a “hold” rating in a research report on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-three have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $65.37.
Nike (NYSE:NKE) last released its quarterly earnings results on Thursday, December 21st. The footwear maker reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.06. The firm had revenue of $8.55 billion for 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%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the business posted $0.50 EPS. research analysts predict that Nike Inc will post 2.26 earnings per share for the current year.
In related news, COO Eric D. Sprunk sold 226,040 shares of Nike stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $63.10, for a total transaction of $14,263,124.00. Following the transaction, the chief operating officer now directly owns 165,591 shares in the company, valued at $10,448,792.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Monique S. Matheson sold 10,000 shares of Nike stock in a transaction on Monday, December 11th. The shares were sold at an average price of $62.00, for a total value of $620,000.00. Following the transaction, the executive vice president now owns 23,248 shares in the company, valued at $1,441,376. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 932,896 shares of company stock worth $59,594,217. Company insiders own 3.90% of the company’s stock.
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.
Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nike Inc (NYSE:NKE).
Receive News & Ratings for Nike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nike and related companies with MarketBeat.com's FREE daily email newsletter.