Compagnie Lombard Odier SCmA lifted its holdings in Nike, Inc. (NYSE:NKE) by 25.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,695 shares of the footwear maker’s stock after purchasing an additional 32,196 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Nike were worth $9,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of NKE. OppenheimerFunds Inc. raised 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 worth $298,145,000 after purchasing an additional 5,274,656 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Nike by 25.5% in the second quarter. Alliancebernstein L.P. now owns 14,927,619 shares of the footwear maker’s stock worth $880,730,000 after purchasing an additional 3,033,280 shares during the last quarter. Flossbach Von Storch AG raised 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 worth $275,527,000 after purchasing an additional 2,739,500 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Nike by 2.5% in the second quarter. Vanguard Group Inc. now owns 99,605,408 shares of the footwear maker’s stock worth $5,876,718,000 after purchasing an additional 2,452,993 shares during the last quarter. Finally, Wellington Management Group LLP raised 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 worth $2,781,332,000 after purchasing an additional 2,375,447 shares during the last quarter. Hedge funds and other institutional investors own 62.02% of the company’s stock.
NKE has been the subject of several recent analyst reports. Vetr upgraded Nike from a “buy” rating to a “strong-buy” rating and set a $57.97 price target for the company in a research note on Wednesday, October 4th. Jefferies Group LLC lowered Nike from a “buy” rating to a “hold” rating and cut their price objective for the stock from $75.00 to $60.00 in a report on Monday, August 21st. Canaccord Genuity reaffirmed a “hold” rating and issued a $50.00 price objective (down previously from $51.00) on shares of Nike in a report on Wednesday, September 27th. Susquehanna Bancshares Inc reaffirmed a “hold” rating and issued a $47.00 price objective (down previously from $54.00) on shares of Nike in a report on Wednesday, September 27th. Finally, Instinet reaffirmed a “buy” rating and issued a $62.00 price objective (up previously from $59.00) on shares of Nike in a report on Wednesday, September 27th. Three investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and nineteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $58.92.
Shares of Nike, Inc. (NYSE NKE) opened at $59.32 on Friday. Nike, Inc. has a fifty-two week low of $50.06 and a fifty-two week high of $60.53. The company has a current ratio of 2.67, a quick ratio of 1.81 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $96,781.59, a PE ratio of 25.24, a price-to-earnings-growth ratio of 2.78 and a beta of 0.60.
Nike (NYSE:NKE) last released its quarterly earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $9.08 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. Nike’s revenue for the quarter was up .1% on a year-over-year basis. equities research analysts expect that Nike, Inc. will post 2.28 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.35%. The ex-dividend date is Friday, December 1st. This is a positive change from Nike’s previous quarterly dividend of $0.18. Nike’s payout ratio is currently 30.64%.
In other news, Director Johnathan A. Rodgers sold 16,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 25,660 shares of the company’s stock, valued at $1,371,527. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 135,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $55.03, for a total value of $7,429,050.00. Following the completion of the transaction, the chairman now directly owns 1,637,736 shares of the company’s stock, valued at approximately $90,124,612.08. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.
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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.
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