Swiss National Bank Purchases 30,400 Shares of Nike Inc (NKE)
Swiss National Bank raised its position in Nike Inc (NYSE:NKE) by 0.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,872,268 shares of the footwear maker’s stock after purchasing an additional 30,400 shares during the quarter. Swiss National Bank owned approximately 296,512.76% of Nike worth $252,627,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Asset Planning Services Ltd. boosted its stake in shares of Nike by 0.3% during the 2nd quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock worth $126,000 after acquiring an additional 7 shares in the last quarter. Stearns Financial Services Group boosted its stake in shares of Nike by 0.4% during the 2nd quarter. Stearns Financial Services Group now owns 4,160 shares of the footwear maker’s stock worth $245,000 after acquiring an additional 17 shares in the last quarter. Smith Shellnut Wilson LLC ADV boosted its stake in shares of Nike by 0.3% during the 2nd quarter. Smith Shellnut Wilson LLC ADV now owns 14,894 shares of the footwear maker’s stock worth $822,000 after acquiring an additional 41 shares in the last quarter. Buckingham Asset Management LLC boosted its stake in shares of Nike by 0.7% during the 2nd quarter. Buckingham Asset Management LLC now owns 6,797 shares of the footwear maker’s stock worth $401,000 after acquiring an additional 45 shares in the last quarter. Finally, Sullivan Bruyette Speros & Blaney LLC boosted its stake in shares of Nike by 1.0% during the 2nd quarter. Sullivan Bruyette Speros & Blaney LLC now owns 6,048 shares of the footwear maker’s stock worth $357,000 after acquiring an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 62.67% of the company’s stock.
In other news, EVP Monique S. Matheson sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $62.00, for a total value of $620,000.00. Following the sale, the executive vice president now directly owns 23,248 shares in the company, valued at approximately $1,441,376. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Mark G. Parker sold 135,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $65.00, for a total value of $8,775,000.00. Following the completion of the sale, the chairman now owns 1,502,830 shares in the company, valued at $97,683,950. The disclosure for this sale can be found here. In the last ninety days, insiders sold 290,094 shares of company stock valued at $17,480,160. Insiders own 3.90% of the company’s stock.
NKE has been the subject of several recent analyst reports. Jefferies Group downgraded Nike to a “buy” rating in a research note on Tuesday, August 29th. Morgan Stanley reiterated a “buy” rating and set a $64.00 price target (down previously from $68.00) on shares of Nike in a research note on Tuesday, August 29th. Telsey Advisory Group decreased their price target on Nike from $63.00 to $61.00 and set an “outperform” rating for the company in a research note on Wednesday, August 30th. Vetr cut Nike from a “strong-buy” rating to a “buy” rating and set a $59.57 price objective for the company. in a research report on Monday, September 4th. Finally, Robert W. Baird reissued a “buy” rating and set a $65.00 price objective on shares of Nike in a research report on Sunday, September 10th. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $63.75.
Nike Inc (NKE) opened at $63.65 on Wednesday. The company has a quick ratio of 1.67, a current ratio of 2.46 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $103,258.71, a P/E ratio of 27.55, a price-to-earnings-growth ratio of 2.99 and a beta of 0.64. Nike Inc has a twelve month low of $50.35 and a twelve month high of $65.18.
Nike (NYSE:NKE) last posted its quarterly earnings results on Thursday, December 21st. The footwear maker reported $0.46 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. The firm had revenue of $8.55 billion during the quarter, compared to analysts’ expectations of $8.39 billion. Nike had a return on equity of 31.64% and a net margin of 11.13%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.50 EPS. equities research analysts expect that Nike Inc will post 2.27 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th will be issued a $0.20 dividend. This is a boost from Nike’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.80 annualized dividend and a yield of 1.26%. Nike’s dividend payout ratio is 34.63%.
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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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