Aperio Group LLC grew its position in Nike Inc (NYSE:NKE) by 2.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 890,774 shares of the footwear maker’s stock after buying an additional 22,783 shares during the period. Aperio Group LLC’s holdings in Nike were worth $55,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently made changes to their positions in NKE. Vanguard Group Inc. boosted its holdings in shares of Nike by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 99,605,408 shares of the footwear maker’s stock worth $5,876,718,000 after buying an additional 2,452,993 shares during the period. Capital Research Global Investors boosted its holdings in shares of Nike by 10.4% during the 2nd quarter. Capital Research Global Investors now owns 24,135,396 shares of the footwear maker’s stock worth $1,423,988,000 after buying an additional 2,274,869 shares during the period. Capital World Investors boosted its holdings in shares of Nike by 58.7% during the 2nd quarter. Capital World Investors now owns 21,779,409 shares of the footwear maker’s stock worth $1,284,985,000 after buying an additional 8,058,601 shares during the period. Northern Trust Corp boosted its holdings in shares of Nike by 6.7% during the 2nd quarter. Northern Trust Corp now owns 21,502,892 shares of the footwear maker’s stock worth $1,268,671,000 after buying an additional 1,344,638 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of Nike by 4,252.6% during the 2nd quarter. Janus Henderson Group PLC now owns 16,619,387 shares of the footwear maker’s stock worth $980,539,000 after buying an additional 16,237,557 shares during the period. 61.57% of the stock is owned by institutional investors.
In other Nike news, insider Eric D. Sprunk sold 226,040 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $63.10, for a total transaction of $14,263,124.00. Following the sale, the insider now directly owns 165,591 shares of the company’s stock, valued at approximately $10,448,792.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Eric D. Sprunk sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $67.66, for a total transaction of $6,766,000.00. Following the sale, the insider now directly owns 227,199 shares in the company, valued at $15,372,284.34. The disclosure for this sale can be found here. Insiders have sold a total of 932,896 shares of company stock worth $59,594,217 over the last three months. Insiders own 3.90% of the company’s stock.
Nike (NYSE:NKE) last posted its earnings results on Thursday, December 21st. The footwear maker reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.06. Nike had a net margin of 11.13% and a return on equity of 31.64%. The firm had revenue of $8.55 billion for the quarter, compared to analyst estimates of $8.39 billion. During the same period in the previous year, the firm posted $0.50 EPS. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. analysts anticipate that Nike Inc will post 2.26 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 5th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Friday, March 2nd. Nike’s payout ratio is 34.63%.
Several analysts recently commented on the stock. B. Riley reaffirmed a “neutral” rating on shares of Nike in a report on Wednesday, November 1st. Stifel Nicolaus reissued a “buy” rating and issued a $74.00 price objective on shares of Nike in a report on Friday, December 22nd. Buckingham Research boosted their price objective on shares of Nike from $72.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Macquarie set a $72.00 price objective on shares of Nike and gave the company a “buy” rating in a report on Thursday, January 11th. Finally, Cowen set a $64.00 price objective on shares of Nike and gave the company a “hold” rating in a report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-three have given a buy rating to the company’s stock. Nike presently has an average rating of “Buy” and a consensus price target of $65.61.
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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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