Nike, Inc. (NKE) Shares Bought by Stonebridge Capital Advisors LLC

Stonebridge Capital Advisors LLC boosted its position in shares of Nike, Inc. (NYSE:NKE) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 112,849 shares of the footwear maker’s stock after purchasing an additional 1,049 shares during the quarter. Nike makes up 1.7% of Stonebridge Capital Advisors LLC’s portfolio, making the stock its 14th biggest holding. Stonebridge Capital Advisors LLC’s holdings in Nike were worth $6,658,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Quadrant Capital Group LLC boosted its position in Nike by 248.4% during the second quarter. Quadrant Capital Group LLC now owns 4,020 shares of the footwear maker’s stock worth $229,000 after purchasing an additional 2,866 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in shares of Nike by 86.5% in the second quarter. Coldstream Capital Management Inc. now owns 78,758 shares of the footwear maker’s stock valued at $4,647,000 after acquiring an additional 36,538 shares in the last quarter. Balentine LLC lifted its position in shares of Nike by 7.3% in the second quarter. Balentine LLC now owns 9,730 shares of the footwear maker’s stock valued at $574,000 after acquiring an additional 662 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Nike by 14.5% in the second quarter. The Manufacturers Life Insurance Company now owns 2,848,631 shares of the footwear maker’s stock valued at $168,069,000 after acquiring an additional 361,169 shares in the last quarter. Finally, Simmons Bank lifted its position in shares of Nike by 1.9% in the second quarter. Simmons Bank now owns 19,939 shares of the footwear maker’s stock valued at $1,177,000 after acquiring an additional 376 shares in the last quarter. Institutional investors own 63.05% of the company’s stock.

Shares of Nike, Inc. (NYSE NKE) opened at $59.88 on Friday. The company has a market capitalization of $97,695.23, a PE ratio of 25.48, a price-to-earnings-growth ratio of 2.81 and a beta of 0.63. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.81 and a current ratio of 2.67. Nike, Inc. has a 12 month low of $50.11 and a 12 month high of $61.21.

Nike (NYSE:NKE) last announced its quarterly earnings results on Tuesday, September 26th. The footwear maker reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.09. The company had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.08 billion. Nike had a return on equity of 31.88% and a net margin of 11.47%. The firm’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 earnings per share. sell-side analysts anticipate that Nike, Inc. will post 2.28 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, December 1st. This is a positive change from Nike’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 1.34%. Nike’s dividend payout ratio is currently 30.64%.

In other Nike news, Director Johnathan A. Rodgers sold 16,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 135,000 shares of the company’s stock in a transaction dated 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 sale, the chairman now owns 1,637,736 shares of the company’s stock, valued at $90,124,612.08. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

Several analysts have recently issued reports on the company. HSBC downgraded Nike from a “buy” rating to a “hold” rating and upped their price objective for the company from $58.95 to $62.00 in a research report on Tuesday, November 28th. Zacks Investment Research upgraded Nike from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Citigroup restated a “buy” rating and issued a $65.00 price objective (down from $67.00) on shares of Nike in a research report on Wednesday, September 27th. Goldman Sachs Group restated a “buy” rating and issued a $58.00 price objective (down from $63.00) on shares of Nike in a research report on Monday, August 21st. Finally, Vetr downgraded Nike from a “buy” rating to a “hold” rating and set a $57.75 price objective on the stock. in a research report on Thursday, October 26th. Three equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and nineteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $59.01.

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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.

Institutional Ownership by Quarter for Nike (NYSE:NKE)

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