Zeke Capital Advisors LLC reduced its stake in Nike Inc (NYSE:NKE) by 10.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,184 shares of the footwear maker’s stock after selling 2,918 shares during the period. Zeke Capital Advisors LLC’s holdings in Nike were worth $2,653,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Private Ocean LLC lifted its position in Nike by 38.8% in the third quarter. Private Ocean LLC now owns 2,376 shares of the footwear maker’s stock valued at $224,000 after acquiring an additional 664 shares during the last quarter. Boston Advisors LLC lifted its holdings in shares of Nike by 12.6% in the 3rd quarter. Boston Advisors LLC now owns 101,036 shares of the footwear maker’s stock valued at $9,489,000 after buying an additional 11,298 shares during the period. Klingenstein Fields & Co. LLC lifted its holdings in shares of Nike by 8.9% in the 3rd quarter. Klingenstein Fields & Co. LLC now owns 6,857 shares of the footwear maker’s stock valued at $644,000 after buying an additional 560 shares during the period. MidWestOne Financial Group Inc. acquired a new stake in shares of Nike in the 2nd quarter valued at approximately $222,000. Finally, Resources Management Corp CT ADV acquired a new stake in shares of Nike in the 3rd quarter valued at approximately $144,000. Hedge funds and other institutional investors own 65.09% of the company’s stock.
In other news, CAO Hilary K. Krane sold 32,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $89.30, for a total transaction of $2,902,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter B. Henry sold 2,416 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $101.14, for a total transaction of $244,354.24. Following the sale, the director now directly owns 4,046 shares of the company’s stock, valued at approximately $409,212.44. The disclosure for this sale can be found here. Insiders sold 477,916 shares of company stock valued at $46,659,474 in the last ninety days. 3.80% of the stock is owned by corporate insiders.
NKE stock traded up $0.97 on Friday, hitting $104.35. 1,474,822 shares of the company were exchanged, compared to its average volume of 5,390,297. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.98 and a quick ratio of 1.23. The stock has a market capitalization of $160.66 billion, a price-to-earnings ratio of 41.91, a price-to-earnings-growth ratio of 2.60 and a beta of 0.84. Nike Inc has a twelve month low of $77.07 and a twelve month high of $103.89. The business’s fifty day moving average is $99.21 and its two-hundred day moving average is $90.95.
Nike (NYSE:NKE) last announced its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.12. Nike had a net margin of 11.21% and a return on equity of 50.03%. The company had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.09 billion. During the same quarter last year, the business earned $0.52 EPS. Nike’s revenue for the quarter was up 10.2% on a year-over-year basis. Equities research analysts expect that Nike Inc will post 3.01 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were given a $0.245 dividend. This is an increase from Nike’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, November 29th. This represents a $0.98 annualized dividend and a yield of 0.94%. Nike’s dividend payout ratio (DPR) is 39.36%.
NKE has been the subject of a number of research analyst reports. Deutsche Bank set a $120.00 price target on shares of Nike and gave the company a “buy” rating in a report on Wednesday, January 1st. JPMorgan Chase & Co. raised their price objective on shares of Nike from $109.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. Stifel Nicolaus reissued a “buy” rating and set a $110.00 price objective on shares of Nike in a report on Monday, December 16th. Cowen reissued a “buy” rating and set a $106.00 price objective on shares of Nike in a report on Friday, December 20th. Finally, BNP Paribas began coverage on shares of Nike in a report on Thursday, October 3rd. They set an “underperform” rating and a $82.50 price objective on the stock. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $106.19.
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.
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