Columbia Partners L L C Investment Management grew its position in Nike Inc (NYSE:NKE) by 18.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 109,813 shares of the footwear maker’s stock after purchasing an additional 16,854 shares during the period. Columbia Partners L L C Investment Management’s holdings in Nike were worth $5,693,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Apertura Capital LLC bought a new stake in shares of Nike during the first quarter worth $5,573,000. Nations Financial Group Inc. IA ADV increased its position in shares of Nike by 4.0% during the first quarter. Nations Financial Group Inc. IA ADV now owns 11,548 shares of the footwear maker’s stock worth $644,000 after acquiring an additional 440 shares in the last quarter. Balentine LLC increased its position in shares of Nike by 8.4% during the first quarter. Balentine LLC now owns 9,068 shares of the footwear maker’s stock worth $505,000 after acquiring an additional 703 shares in the last quarter. Royal Bank of Scotland Group PLC increased its position in shares of Nike by 6.2% during the first quarter. Royal Bank of Scotland Group PLC now owns 207,834 shares of the footwear maker’s stock worth $11,582,000 after acquiring an additional 12,201 shares in the last quarter. Finally, Global X Management Co. LLC increased its position in shares of Nike by 13.4% during the first quarter. Global X Management Co. LLC now owns 15,104 shares of the footwear maker’s stock worth $842,000 after acquiring an additional 1,780 shares in the last quarter. Institutional investors own 62.67% of the company’s stock.
Shares of Nike Inc (NKE) opened at $63.44 on Friday. The company has a market cap of $103,500.00, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 2.88 and a beta of 0.64. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.46 and a quick ratio of 1.67. Nike Inc has a 12 month low of $50.35 and a 12 month high of $65.18.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, December 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.26%. This is a boost from Nike’s previous quarterly dividend of $0.18. Nike’s dividend payout ratio (DPR) is currently 34.63%.
Several equities research analysts have recently issued reports on NKE shares. 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. Vetr downgraded shares of Nike from a “strong-buy” rating to a “buy” rating and set a $58.87 price objective for the company. in a research report on Tuesday, September 12th. Sanford C. Bernstein started coverage on shares of Nike in a research report on Tuesday, September 12th. They set an “outperform” rating and a $69.00 price objective for the company. Deutsche Bank reissued a “buy” rating and set a $61.00 price objective (down previously from $69.00) on shares of Nike in a research report on Wednesday, September 13th. Finally, Wedbush reissued a “neutral” rating and set a $53.40 price objective (up previously from $52.00) on shares of Nike in a research report on Thursday, September 14th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $64.06.
In other Nike news, insider Eric D. Sprunk sold 226,040 shares of the stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $63.10, for a total value of $14,263,124.00. Following the completion of the sale, the insider now owns 165,591 shares in the company, valued at $10,448,792.10. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 135,000 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $65.00, for a total transaction of $8,775,000.00. Following the completion of the sale, the chairman now owns 1,502,830 shares of the company’s stock, valued at approximately $97,683,950. The disclosure for this sale can be found here. In the last quarter, insiders sold 967,896 shares of company stock valued at $60,257,267. Corporate insiders own 3.90% of the company’s stock.
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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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