Nike, Inc. (NKE) Holdings Boosted by Guardian Capital LP

Guardian Capital LP boosted its holdings in shares of Nike, Inc. (NYSE:NKE) by 9.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,546 shares of the footwear maker’s stock after buying an additional 1,299 shares during the quarter. Guardian Capital LP’s holdings in Nike were worth $917,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NKE. Pacer Advisors Inc. increased its position in Nike by 14.7% during the first quarter. Pacer Advisors Inc. now owns 28,098 shares of the footwear maker’s stock worth $1,566,000 after buying an additional 3,609 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Nike by 2.6% in the first quarter. Nordea Investment Management AB now owns 259,983 shares of the footwear maker’s stock valued at $14,489,000 after purchasing an additional 6,580 shares during the last quarter. Delta Lloyd NV grew its position in shares of Nike by 0.3% in the first quarter. Delta Lloyd NV now owns 337,466 shares of the footwear maker’s stock valued at $18,699,000 after purchasing an additional 1,102 shares during the last quarter. Peapack Gladstone Financial Corp grew its position in shares of Nike by 6.6% in the first quarter. Peapack Gladstone Financial Corp now owns 42,492 shares of the footwear maker’s stock valued at $2,368,000 after purchasing an additional 2,649 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK grew its position in shares of Nike by 10.5% in the first quarter. Aberdeen Asset Management PLC UK now owns 279,282 shares of the footwear maker’s stock valued at $15,565,000 after purchasing an additional 26,641 shares during the last quarter. 62.02% of the stock is currently owned by hedge funds and other institutional investors.

In other Nike news, Chairman Mark G. Parker sold 135,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $55.03, for a total transaction of $7,429,050.00. Following the completion of the sale, the chairman now directly owns 1,637,736 shares in the company, valued at $90,124,612.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Johnathan A. Rodgers sold 16,000 shares of the stock in a transaction on Thursday, September 14th. The shares were 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 disclosure for this sale can be found here. 3.90% of the stock is owned by corporate insiders.

Several research firms have recently commented on NKE. Cowen Inc set a $54.00 target price on Nike and gave the company a “hold” rating in a research report on Friday, August 4th. Robert W. Baird reaffirmed a “buy” rating and issued a $65.00 target price on shares of Nike in a research report on Friday, November 17th. Jefferies Group LLC set a $75.00 target price on Nike and gave the company a “buy” rating in a research report on Tuesday, August 15th. Vetr downgraded Nike from a “buy” rating to a “hold” rating and set a $58.81 target price on the stock. in a research report on Friday, November 17th. Finally, FBR & Co reaffirmed a “hold” rating and issued a $53.00 target price on shares of Nike in a research report on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and nineteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $58.92.

Nike, Inc. (NYSE NKE) traded up $0.25 during midday trading on Monday, reaching $59.32. The company’s stock had a trading volume of 3,400,400 shares, compared to its average volume of 9,584,150. The company has a quick ratio of 1.81, a current ratio of 2.67 and a debt-to-equity ratio of 0.29. Nike, Inc. has a 12-month low of $50.06 and a 12-month high of $60.53. The company has a market capitalization of $96,781.59, a PE ratio of 25.24, a PEG ratio of 2.78 and a beta of 0.60.

Nike (NYSE:NKE) last released its earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share 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 firm had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $9.08 billion. During the same period in the prior year, the company earned $0.73 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. equities research analysts expect that Nike, Inc. will post 2.28 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 1st. This is a boost from Nike’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 1.35%. Nike’s dividend payout ratio is presently 30.64%.

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Nike 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)

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