Green Square Capital LLC maintained its position in Nike Inc. (NYSE:NKE) during the second quarter, Holdings Channel reports. The fund owned 4,508 shares of the footwear maker’s stock at the end of the second quarter. Green Square Capital LLC’s holdings in Nike were worth $250,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of NKE. BlackRock Institutional Trust Company N.A. boosted its position in Nike by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 36,848,805 shares of the footwear maker’s stock valued at $2,265,096,000 after buying an additional 204,944 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Nike by 92.6% in the first quarter. Wellington Management Group LLP now owns 27,329,360 shares of the footwear maker’s stock valued at $1,679,937,000 after buying an additional 13,136,502 shares during the last quarter. BlackRock Group LTD raised its stake in shares of Nike by 1.5% in the first quarter. BlackRock Group LTD now owns 11,814,496 shares of the footwear maker’s stock valued at $726,236,000 after buying an additional 177,028 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Nike by 5.7% in the first quarter. Geode Capital Management LLC now owns 11,593,721 shares of the footwear maker’s stock valued at $711,300,000 after buying an additional 628,853 shares during the last quarter. Finally, Alecta Pensionsforsakring Omsesidigt raised its stake in shares of Nike by 161.5% in the second quarter. Alecta Pensionsforsakring Omsesidigt now owns 4,210,000 shares of the footwear maker’s stock valued at $232,392,000 after buying an additional 2,600,000 shares during the last quarter. 62.04% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Nike Inc. (NYSE:NKE) traded up 1.73% during midday trading on Tuesday, reaching $55.34. 17,945,212 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $56.79 and its 200 day moving average price is $57.33. The company has a market cap of $92.84 billion, a price-to-earnings ratio of 25.62 and a beta of 0.52. Nike Inc. has a 12-month low of $51.48 and a 12-month high of $68.19.
Nike (NYSE:NKE) last released its 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 company earned $9.06 billion during the quarter, compared to analysts’ expectations of $8.88 billion. Nike had a net margin of 11.61% and a return on equity of 29.57%. Nike’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the business earned $1.34 EPS. Equities analysts anticipate that Nike Inc. will post $2.40 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Tuesday, September 6th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, September 1st. Nike’s dividend payout ratio (DPR) is presently 29.63%.
Several equities research analysts have recently issued reports on NKE shares. Brean Capital decreased their price target on shares of Nike from $68.00 to $62.00 in a research note on Wednesday, June 29th. Deutsche Bank AG restated a “buy” rating on shares of Nike in a research note on Tuesday, May 31st. Vetr lowered shares of Nike from a “strong-buy” rating to a “buy” rating and set a $61.63 price target for the company. in a research note on Monday, June 13th. Credit Suisse Group AG restated a “buy” rating and set a $68.00 price target on shares of Nike in a research note on Thursday, June 16th. Finally, Jefferies Group restated a “buy” rating and set a $67.00 price target (down previously from $74.00) on shares of Nike in a research note on Tuesday, June 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-three have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $65.15.
In related news, EVP Hilary K. Krane sold 100,000 shares of Nike stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $56.99, for a total value 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 approximately $17,712,207.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John F. Slusher sold 72,696 shares of Nike stock in a transaction that occurred on 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 completion of 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. 3.90% of the stock is currently owned by corporate insiders.
Nike Company Profile
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.
Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nike Inc. (NYSE:NKE).
Receive News & Ratings for Nike Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nike Inc. and related companies with MarketBeat.com's FREE daily email newsletter.