Swiss National Bank grew its stake in shares of Nike, Inc. (NYSE:NKE) by 2.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,841,868 shares of the footwear maker’s stock after acquiring an additional 107,400 shares during the period. Swiss National Bank owned about 0.37% of Nike worth $285,670,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. V Wealth Management LLC bought a new stake in shares of Nike during the second quarter valued at approximately $100,000. Asset Planning Services Ltd. increased its holdings in Nike by 0.3% during the second quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock valued at $126,000 after buying an additional 7 shares during the period. Kistler Tiffany Companies LLC increased its holdings in Nike by 91.7% during the second quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock valued at $149,000 after buying an additional 1,209 shares during the period. Rational Advisors LLC increased its holdings in Nike by 14.3% during the first quarter. Rational Advisors LLC now owns 2,572 shares of the footwear maker’s stock valued at $143,000 after buying an additional 321 shares during the period. Finally, Parkside Financial Bank & Trust increased its holdings in Nike by 7.8% during the second quarter. Parkside Financial Bank & Trust now owns 2,780 shares of the footwear maker’s stock valued at $164,000 after buying an additional 201 shares during the period. 62.46% of the stock is owned by hedge funds and other institutional investors.
Shares of Nike, Inc. (NYSE:NKE) opened at 55.27 on Tuesday. The firm’s 50-day moving average is $52.94 and its 200-day moving average is $54.68. Nike, Inc. has a 12-month low of $49.01 and a 12-month high of $60.53. The firm has a market capitalization of $90.17 billion, a price-to-earnings ratio of 23.53 and a beta of 0.61.
Nike (NYSE:NKE) last released its quarterly earnings data on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.09. Nike had a net margin of 11.47% and a return on equity of 31.88%. The company had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.08 billion. During the same period in the previous year, the firm earned $0.73 earnings per share. Nike’s revenue for the quarter was up .1% on a year-over-year basis. Equities research analysts forecast that Nike, Inc. will post $2.33 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Tuesday, September 5th were paid a dividend of $0.18 per share. The ex-dividend date was Thursday, August 31st. This represents a $0.72 annualized dividend and a yield of 1.30%. Nike’s dividend payout ratio is currently 30.64%.
Several equities analysts recently issued reports 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, July 4th. DA Davidson cut their price objective on shares of Nike from $70.00 to $69.00 and set a “buy” rating on the stock in a report on Monday, July 3rd. UBS AG set a $64.00 price objective on shares of Nike and gave the company a “buy” rating in a report on Monday, July 3rd. Nomura set a $62.00 price objective on shares of Nike and gave the company a “buy” rating in a report on Monday, July 17th. Finally, Stifel Nicolaus set a $66.00 price objective on shares of Nike and gave the company a “buy” rating in a report on Saturday, July 22nd. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $58.93.
In other Nike news, Director Johnathan A. Rodgers sold 16,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $53.45, for a total transaction of $855,200.00. Following the completion of the sale, the director now directly owns 25,660 shares in the company, valued at $1,371,527. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.90% of the stock is owned by insiders.
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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