British Airways Pensions Investment Management Ltd continued to hold its position in shares of Nike Inc. (NYSE:NKE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 227,840 shares of the footwear maker’s stock at the end of the second quarter. British Airways Pensions Investment Management Ltd’s holdings in Nike were worth $12,627,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the stock. Nicolet Bankshares Inc. raised its position in shares of Nike by 3.3% in the first quarter. Nicolet Bankshares Inc. now owns 7,775 shares of the footwear maker’s stock valued at $478,000 after buying an additional 250 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Nike by 54.3% in the first quarter. Fisher Asset Management LLC now owns 46,232 shares of the footwear maker’s stock valued at $2,751,000 after buying an additional 16,270 shares during the period. Laurel Grove Capital LLC increased its stake in shares of Nike by 12.4% in the first quarter. Laurel Grove Capital LLC now owns 55,136 shares of the footwear maker’s stock valued at $3,389,000 after buying an additional 6,075 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Nike during the first quarter valued at $1,045,000. Finally, Sigma Planning Corp increased its stake in shares of Nike by 5.2% in the first quarter. Sigma Planning Corp now owns 32,279 shares of the footwear maker’s stock valued at $1,984,000 after buying an additional 1,586 shares during the period. 62.04% of the stock is currently owned by institutional investors.
Nike Inc. (NYSE:NKE) traded up 1.73% during trading on Tuesday, reaching $55.34. 17,945,212 shares of the company’s stock traded hands. The firm has a market capitalization of $92.84 billion, a PE ratio of 25.62 and a beta of 0.52. Nike Inc. has a 1-year low of $51.48 and a 1-year high of $68.19. The firm has a 50 day moving average of $56.79 and a 200 day moving average of $57.33.
Nike (NYSE:NKE) last issued its quarterly earnings results on Tuesday, September 27th. The footwear maker reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.17. The business earned $9.06 billion during the quarter, compared to the consensus estimate of $8.88 billion. Nike had a net margin of 11.61% and a return on equity of 29.57%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.34 earnings per share. Equities analysts forecast that Nike Inc. will post $2.40 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Tuesday, September 6th will be issued a dividend of $0.16 per share. The ex-dividend date is Thursday, September 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.16%. Nike’s dividend payout ratio (DPR) is presently 29.63%.
Several brokerages have weighed in on NKE. Nomura restated a “buy” rating and issued a $64.00 target price on shares of Nike in a research note on Tuesday. JPMorgan Chase & Co. restated an “overweight” rating and issued a $62.00 target price on shares of Nike in a research note on Tuesday. Vetr upgraded shares of Nike from a “hold” rating to a “buy” rating and set a $58.12 target price for the company in a research note on Monday. B. Riley lowered their target price on shares of Nike from $62.00 to $55.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Deutsche Bank AG restated a “buy” rating and issued a $75.00 target price on shares of Nike in a research note on Sunday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $65.15.
In other news, EVP Hilary K. Krane sold 100,000 shares of Nike stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $56.99, for a total transaction of $5,699,000.00. Following the completion of the sale, the executive vice president now directly owns 310,795 shares in the company, valued at $17,712,207.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John F. Slusher sold 72,696 shares of Nike stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $57.75, for a total transaction of $4,198,194.00. Following the sale, the executive vice president now owns 231,861 shares of the company’s stock, valued at $13,389,972.75. The disclosure for this sale can be found here. 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 sells its products to retail accounts, through NIKE-owned retail stores and Internet Websites (which the Company refers to as its Direct to Consumer or DTC operations), and through a mix of independent distributors and licensees throughout the world.
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