Nike, Inc. (NKE) Shares Bought by Sequoia Financial Advisors LLC
Sequoia Financial Advisors LLC grew its holdings in Nike, Inc. (NYSE:NKE) by 0.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 170,795 shares of the footwear maker’s stock after buying an additional 1 shares during the quarter. Nike makes up about 1.2% of Sequoia Financial Advisors LLC’s investment portfolio, making the stock its 18th largest holding. Sequoia Financial Advisors LLC’s holdings in Nike were worth $10,077,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. OppenheimerFunds Inc. lifted its stake in shares of Nike by 7,020.1% in the 1st 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. Flossbach Von Storch AG lifted its stake in shares of Nike by 141.9% in the 2nd quarter. Flossbach Von Storch AG now owns 4,669,950 shares of the footwear maker’s stock valued at $275,527,000 after purchasing an additional 2,739,500 shares during the period. Wellington Management Group LLP lifted its stake in shares of Nike by 5.0% in the 1st quarter. Wellington Management Group LLP now owns 49,907,256 shares of the footwear maker’s stock valued at $2,781,332,000 after purchasing an additional 2,375,447 shares during the period. OMERS ADMINISTRATION Corp purchased a new position in shares of Nike in the 1st quarter valued at approximately $122,886,000. Finally, Harbour Capital Advisors LLC lifted its stake in shares of Nike by 5,753.4% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,925,583 shares of the footwear maker’s stock valued at $32,637,000 after purchasing an additional 1,892,686 shares during the period. Institutional investors and hedge funds own 62.46% of the company’s stock.
Shares of Nike, Inc. (NKE) opened at 54.99 on Wednesday. The stock has a market capitalization of $89.72 billion, a P/E ratio of 23.41 and a beta of 0.61. Nike, Inc. has a 52-week low of $49.01 and a 52-week high of $60.53. The company has a 50 day moving average price of $52.99 and a 200-day moving average price of $54.68.
Nike (NYSE:NKE) last issued its quarterly earnings data on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.09. The business had revenue of $9.07 billion for the quarter, compared to analysts’ expectations of $9.08 billion. Nike had a return on equity of 31.88% and a net margin of 11.47%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.73 EPS. On average, analysts predict that Nike, Inc. will post $2.32 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Tuesday, September 5th were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, August 31st. This represents a $0.72 dividend on an annualized basis and a yield of 1.31%. Nike’s dividend payout ratio (DPR) is 30.64%.
A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Nike from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Citigroup Inc. restated a “buy” rating and issued a $65.00 target price (down previously from $67.00) on shares of Nike in a research note on Wednesday, September 27th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $58.00 target price (down previously from $63.00) on shares of Nike in a research note on Monday, August 21st. Vetr cut Nike from a “buy” rating to a “hold” rating and set a $57.75 target price for the company. in a research note on Thursday, October 26th. Finally, FBR & Co restated a “hold” rating and issued a $53.00 target price on shares of Nike in a research note on Wednesday, September 27th. Four investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty have issued a buy rating to the stock. Nike has a consensus rating of “Hold” and an average target price of $58.93.
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In other Nike news, Director Johnathan A. Rodgers sold 16,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $53.45, for a total value of $855,200.00. Following the sale, the director now owns 25,660 shares of the company’s stock, valued at approximately $1,371,527. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.90% of the company’s stock.
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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