CAPROCK Group Inc. lifted its stake in shares of Nike Inc (NYSE:NKE) by 8.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,981 shares of the footwear maker’s stock after buying an additional 1,048 shares during the period. CAPROCK Group Inc.’s holdings in Nike were worth $675,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of NKE. Janus Henderson Group PLC lifted its position in Nike by 4,252.6% during the second quarter. Janus Henderson Group PLC now owns 16,619,387 shares of the footwear maker’s stock valued at $980,539,000 after purchasing an additional 16,237,557 shares during the period. Capital World Investors lifted its position in Nike by 58.7% during the second quarter. Capital World Investors now owns 21,779,409 shares of the footwear maker’s stock valued at $1,284,985,000 after purchasing an additional 8,058,601 shares during the period. OppenheimerFunds Inc. lifted its position in Nike by 7,020.1% during the first quarter. OppenheimerFunds Inc. now owns 5,349,793 shares of the footwear maker’s stock valued at $298,145,000 after purchasing an additional 5,274,656 shares during the period. Orbis Allan Gray Ltd acquired a new position in Nike during the second quarter valued at $226,588,000. Finally, Alliancebernstein L.P. lifted its position in Nike by 25.5% during the second quarter. Alliancebernstein L.P. now owns 14,927,619 shares of the footwear maker’s stock valued at $880,730,000 after purchasing an additional 3,033,280 shares during the period. Institutional investors and hedge funds own 62.78% of the company’s stock.
In related news, Chairman Mark G. Parker sold 135,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were 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 owns 1,637,736 shares of the company’s stock, valued at approximately $90,124,612.08. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Johnathan A. Rodgers sold 16,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $53.45, for a total transaction of $855,200.00. Following the sale, the director now directly owns 25,660 shares of the company’s stock, valued at approximately $1,371,527. The disclosure for this sale can be found here. 3.90% of the stock is owned by insiders.
A number of research analysts recently issued reports on the stock. B. Riley restated a “neutral” rating on shares of Nike in a research report on Wednesday, November 1st. Susquehanna Bancshares restated a “hold” rating and set a $57.00 target price on shares of Nike in a research report on Wednesday. FBR & Co restated a “hold” rating and set a $53.00 target price on shares of Nike in a research report on Thursday, September 14th. Raymond James Financial cut their price objective on shares of Nike from $71.00 to $67.00 and set an “outperform” rating for the company in a report on Tuesday, September 19th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $53.40 price objective (up previously from $52.00) on shares of Nike in a report on Thursday, September 14th. Three analysts have rated the stock with a sell rating, twenty-one have given a hold rating and twenty have given a buy rating to the stock. Nike presently has an average rating of “Hold” and an average target price of $59.27.
Nike Inc (NYSE:NKE) traded up $2.00 during mid-day trading on Wednesday, hitting $64.17. 9,469,666 shares of the stock were exchanged, compared to its average volume of 9,538,237. The stock has a market capitalization of $101,007.22, a PE ratio of 26.34, a P/E/G ratio of 2.90 and a beta of 0.64. 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 twelve month low of $50.35 and a twelve month high of $62.53.
Nike (NYSE:NKE) last released its earnings results on Tuesday, September 26th. The footwear maker reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.09. The business had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $9.08 billion. Nike had a net margin of 11.47% and a return on equity of 31.88%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.73 earnings per share. equities research analysts expect that Nike Inc will post 2.28 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders 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 represents a $0.80 dividend on an annualized basis and a dividend yield of 1.25%. This is a boost from Nike’s previous quarterly dividend of $0.18. Nike’s payout ratio is currently 34.04%.
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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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