Brooklyn Investment Group raised its position in shares of NIKE, Inc. (NYSE:NKE – Free Report) by 28.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,092 shares of the footwear maker’s stock after purchasing an additional 1,130 shares during the quarter. Brooklyn Investment Group’s holdings in NIKE were worth $385,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Range Financial Group LLC bought a new position in NIKE in the 4th quarter worth approximately $642,000. Cacti Asset Management LLC purchased a new stake in shares of NIKE in the fourth quarter worth about $9,987,000. FNY Investment Advisers LLC boosted its stake in NIKE by 5,745.9% during the fourth quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker’s stock valued at $654,000 after buying an additional 8,504 shares during the last quarter. Mirador Capital Partners LP grew its holdings in NIKE by 69.8% during the 4th quarter. Mirador Capital Partners LP now owns 72,986 shares of the footwear maker’s stock valued at $5,523,000 after buying an additional 30,011 shares in the last quarter. Finally, Eagle Rock Investment Company LLC increased its stake in NIKE by 49.2% in the 4th quarter. Eagle Rock Investment Company LLC now owns 60,642 shares of the footwear maker’s stock worth $4,589,000 after acquiring an additional 19,991 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.
Insider Activity
In other news, Director John W. Rogers, Jr. bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The shares were purchased at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the purchase, the director now owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Report on NIKE
NIKE Price Performance
NYSE:NKE opened at $70.89 on Friday. The company has a market capitalization of $104.85 billion, a P/E ratio of 21.88, a P/E/G ratio of 2.26 and a beta of 1.02. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 52 week low of $70.32 and a 52 week high of $107.43. The stock’s fifty day moving average is $75.87 and its two-hundred day moving average is $77.96.
NIKE (NYSE:NKE – Get Free Report) last announced its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business had revenue of $12.35 billion during the quarter, compared to analysts’ expectations of $12.11 billion. During the same period last year, the business earned $1.03 earnings per share. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. Equities analysts expect that NIKE, Inc. will post 2.1 EPS for the current year.
NIKE Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Monday, December 2nd. This is a boost from NIKE’s previous quarterly dividend of $0.37. NIKE’s dividend payout ratio is currently 49.38%.
NIKE Profile
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.
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