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, 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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