D Orazio & Associates Inc. continued to hold its position in Nike Inc (NYSE:NKE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,192 shares of the footwear maker’s stock at the end of the fourth quarter. D Orazio & Associates Inc.’s holdings in Nike were worth $111,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Clarius Group LLC bought a new stake in shares of Nike during the fourth quarter worth $111,000. SRS Capital Advisors Inc. bought a new stake in shares of Nike during the fourth quarter worth $120,000. First Command Bank bought a new stake in shares of Nike during the fourth quarter worth $128,000. Catalyst Capital Advisors LLC bought a new stake in shares of Nike during the third quarter worth $130,000. Finally, Bank Hapoalim BM bought a new stake in shares of Nike during the third quarter worth $137,000. 62.23% of the stock is currently owned by institutional investors and hedge funds.
Nike Inc (NYSE:NKE) opened at 56.36 on Monday. The company has a 50 day moving average of $56.45 and a 200-day moving average of $53.41. The stock has a market capitalization of $93.25 billion, a P/E ratio of 24.85 and a beta of 0.44. Nike Inc has a 52-week low of $49.01 and a 52-week high of $62.64.
Nike (NYSE:NKE) last posted its earnings results on Tuesday, March 21st. The footwear maker reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.15. Nike had a net margin of 11.60% and a return on equity of 31.70%. The business had revenue of $8.43 billion for the quarter, compared to analysts’ expectations of $8.47 billion. During the same period in the previous year, the company posted $0.55 earnings per share. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts anticipate that Nike Inc will post $2.34 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Monday, March 6th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, March 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.28%. Nike’s payout ratio is currently 31.72%.
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A number of equities research analysts have recently weighed in on NKE shares. Jefferies Group LLC set a $75.00 price objective on shares of Nike and gave the company a “buy” rating in a report on Tuesday, December 27th. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Nike in a research report on Thursday, December 15th. Forward View started coverage on shares of Nike in a research report on Friday, January 27th. They set a “hold” rating and a $55.00 target price for the company. HSBC Holdings plc upgraded shares of Nike from a “hold” rating to a “buy” rating and boosted their target price for the company from $56.00 to $60.00 in a research report on Monday, December 5th. Finally, Zacks Investment Research upgraded shares of Nike from a “sell” rating to a “hold” rating in a research report on Tuesday, December 13th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. Nike has an average rating of “Buy” and a consensus price target of $61.46.
In related news, Chairman Mark G. Parker sold 100,000 shares of the company’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $52.94, for a total value of $5,294,000.00. Following the sale, the chairman now directly owns 1,966,235 shares of the company’s stock, valued at $104,092,480.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David J. Ayre sold 200,000 shares of the company’s stock in a transaction on Monday, January 30th. The shares were sold at an average price of $53.08, for a total transaction of $10,616,000.00. Following the completion of the sale, the executive vice president now directly owns 357,713 shares in the company, valued at $18,987,406.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 636,000 shares of company stock worth $33,477,680. Corporate insiders own 3.90% of the company’s stock.
Nike Company Profile
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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