Alexandria Capital LLC increased its position in shares of Nike (NYSE:NKE) by 27.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,264 shares of the footwear maker’s stock after purchasing an additional 20,527 shares during the period. Alexandria Capital LLC’s holdings in Nike were worth $5,897,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Suntrust Banks Inc. increased its holdings in shares of Nike by 4.1% in the fourth quarter. Suntrust Banks Inc. now owns 200,403 shares of the footwear maker’s stock valued at $12,534,000 after buying an additional 7,958 shares in the last quarter. Gould Asset Management LLC CA purchased a new position in Nike during the 4th quarter worth approximately $205,000. Dynamic Advisors Solutions LLC grew its position in Nike by 6.7% during the 4th quarter. Dynamic Advisors Solutions LLC now owns 14,745 shares of the footwear maker’s stock worth $923,000 after purchasing an additional 923 shares in the last quarter. Norinchukin Bank The grew its position in Nike by 8.1% during the 4th quarter. Norinchukin Bank The now owns 1,028,095 shares of the footwear maker’s stock worth $64,308,000 after purchasing an additional 76,675 shares in the last quarter. Finally, American International Group Inc. grew its position in Nike by 5.4% during the 4th quarter. American International Group Inc. now owns 412,754 shares of the footwear maker’s stock worth $25,818,000 after purchasing an additional 20,999 shares in the last quarter. 65.67% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on the stock. Oppenheimer upgraded shares of Nike to a “buy” rating in a research report on Wednesday, January 31st. Stifel Nicolaus lifted their price objective on shares of Nike from $74.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Citigroup reiterated a “buy” rating and set a $78.00 price objective (up from $74.00) on shares of Nike in a research report on Wednesday, January 31st. Zacks Investment Research cut shares of Nike from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Finally, Buckingham Research lifted their price objective on shares of Nike from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $68.55.
In other news, Chairman Mark G. Parker sold 135,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $70.00, for a total transaction of $9,450,000.00. Following the completion of the transaction, the chairman now owns 1,637,736 shares of the company’s stock, valued at $114,641,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eric D. Sprunk sold 100,000 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $67.66, for a total transaction of $6,766,000.00. Following the transaction, the insider now directly owns 227,199 shares of the company’s stock, valued at approximately $15,372,284.34. The disclosure for this sale can be found here. Insiders have sold 460,722 shares of company stock valued at $30,466,859 in the last ninety days. 3.90% of the stock is owned by company insiders.
Nike stock traded down $2.32 on Monday, reaching $64.12. 12,382,464 shares of the stock were exchanged, compared to its average volume of 8,138,306. The firm has a market cap of $108,093.83, a price-to-earnings ratio of 25.55, a P/E/G ratio of 2.82 and a beta of 0.65. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.66 and a quick ratio of 1.73. Nike has a twelve month low of $50.35 and a twelve month high of $70.25.
Nike (NYSE:NKE) last released its earnings results on Thursday, March 22nd. The footwear maker reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.15. The firm had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.85 billion. Nike had a net margin of 5.11% and a return on equity of 33.38%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 EPS. sell-side analysts expect that Nike will post 2.31 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 5th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, March 2nd. Nike’s dividend payout ratio is currently 31.87%.
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NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. It offers NIKE brand products in nine categories: running, NIKE basketball, the Jordan brand, football, men's training, women's training, action sports, sportswear, and golf.
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