Bienville Capital Management LLC held its stake in Nike, Inc. (NYSE:NKE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,600 shares of the footwear maker’s stock at the close of the 2nd quarter. Bienville Capital Management LLC’s holdings in Nike were worth $272,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. Dearborn Partners LLC boosted its stake in Nike by 26.5% in the 2nd quarter. Dearborn Partners LLC now owns 38,448 shares of the footwear maker’s stock worth $2,268,000 after buying an additional 8,053 shares during the last quarter. Fiduciary Trust Co. boosted its stake in Nike by 4.9% in the 2nd quarter. Fiduciary Trust Co. now owns 230,463 shares of the footwear maker’s stock worth $13,597,000 after buying an additional 10,840 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Nike by 5,310.7% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 527,489 shares of the footwear maker’s stock worth $31,122,000 after buying an additional 517,740 shares during the last quarter. Sterling Investment Advisors Ltd. boosted its stake in Nike by 651.4% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 27,050 shares of the footwear maker’s stock worth $1,596,000 after buying an additional 23,450 shares during the last quarter. Finally, Atlantic Trust Group LLC boosted its stake in Nike by 6.6% in the 2nd quarter. Atlantic Trust Group LLC now owns 565,417 shares of the footwear maker’s stock worth $33,359,000 after buying an additional 35,136 shares during the last quarter. 62.57% of the stock is currently owned by hedge funds and other institutional investors.
NKE has been the topic of a number of research analyst reports. Jefferies Group LLC lowered Nike to a “buy” rating in a research note on Tuesday, August 29th. Vetr lowered Nike from a “strong-buy” rating to a “buy” rating and set a $59.57 price target on the stock. in a research note on Monday, September 4th. Telsey Advisory Group reduced their price objective on Nike from $63.00 to $61.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 30th. Morgan Stanley raised Nike from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $56.00 to $68.00 in a research note on Wednesday, July 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 price objective on shares of Nike in a research note on Thursday, August 24th. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and twenty have assigned a buy rating to the stock. Nike has a consensus rating of “Hold” and an average price target of $58.93.
In other news, Director Johnathan A. Rodgers sold 16,000 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $53.45, for a total value of $855,200.00. Following the sale, the director now owns 25,660 shares of the company’s stock, valued at approximately $1,371,527. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Mark G. Parker sold 135,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $55.03, for a total value of $7,429,050.00. Following the completion of the sale, the chairman now directly owns 1,637,736 shares in the company, valued at approximately $90,124,612.08. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by insiders.
Shares of Nike, Inc. (NYSE:NKE) opened at $55.71 on Monday. Nike, Inc. has a 12 month low of $49.75 and a 12 month high of $60.53. The company has a quick ratio of 1.81, a current ratio of 2.67 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $91,542.34, a price-to-earnings ratio of 23.71, a PEG ratio of 2.60 and a beta of 0.60.
Nike (NYSE:NKE) last posted its quarterly earnings data on Tuesday, September 26th. The footwear maker reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.09. Nike had a return on equity of 31.88% and a net margin of 11.47%. The company had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $9.08 billion. During the same quarter in the previous year, the business earned $0.73 EPS. The company’s quarterly revenue was up .1% compared to the same quarter last year. research analysts forecast that Nike, Inc. will post 2.29 earnings per share for the current fiscal year.
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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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