Nike, Inc. (NKE) Holdings Raised by Colony Group LLC

Colony Group LLC boosted its stake in shares of Nike, Inc. (NYSE:NKE) by 220.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,742 shares of the footwear maker’s stock after purchasing an additional 8,074 shares during the quarter. Colony Group LLC’s holdings in Nike were worth $693,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Asset Planning Services Ltd. boosted its position in shares of Nike by 0.3% in the second quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock valued at $126,000 after acquiring an additional 7 shares during the period. Stearns Financial Services Group boosted its position in shares of Nike by 0.4% in the second quarter. Stearns Financial Services Group now owns 4,160 shares of the footwear maker’s stock valued at $245,000 after acquiring an additional 17 shares during the period. Accredited Investors Inc. boosted its position in shares of Nike by 0.5% in the first quarter. Accredited Investors Inc. now owns 4,167 shares of the footwear maker’s stock valued at $232,000 after acquiring an additional 19 shares during the period. Smith Shellnut Wilson LLC ADV boosted its position in shares of Nike by 0.3% in the second quarter. Smith Shellnut Wilson LLC ADV now owns 14,894 shares of the footwear maker’s stock valued at $822,000 after acquiring an additional 41 shares during the period. Finally, Buckingham Asset Management LLC boosted its position in shares of Nike by 0.7% in the second quarter. Buckingham Asset Management LLC now owns 6,797 shares of the footwear maker’s stock valued at $401,000 after acquiring an additional 45 shares during the period. 62.78% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Johnathan A. Rodgers sold 16,000 shares of the firm’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 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 filing with the SEC, which is accessible through this link. Also, Chairman Mark G. Parker sold 135,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were 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 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 equities research analysts have recently weighed in on the company. HSBC cut Nike from a “buy” rating to a “hold” rating and increased their price objective for the company from $58.95 to $62.00 in a research report on Tuesday, November 28th. Robert W. Baird reissued a “buy” rating and issued a $65.00 price objective on shares of Nike in a research report on Friday, November 17th. Vetr cut Nike from a “buy” rating to a “hold” rating and set a $58.81 price objective for the company. in a research report on Friday, November 17th. B. Riley restated a “neutral” rating on shares of Nike in a research note on Wednesday, November 1st. Finally, Forward View upgraded Nike from a “sell” rating to a “hold” rating in a research note on Sunday, October 29th. 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 company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $59.01.

Nike, Inc. (NYSE:NKE) traded up $0.32 during trading on Wednesday, reaching $60.42. The company’s stock had a trading volume of 8,862,800 shares, compared to its average volume of 9,586,421. The company has a quick ratio of 1.81, a current ratio of 2.67 and a debt-to-equity ratio of 0.29. Nike, Inc. has a 1 year low of $50.26 and a 1 year high of $61.21. The firm has a market capitalization of $98,054.16, a price-to-earnings ratio of 25.57, a P/E/G ratio of 2.82 and a beta of 0.64.

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 return on equity of 31.88% and a net margin of 11.47%. The firm had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.08 billion. During the same period in the prior year, the company posted $0.73 earnings per share. The business’s revenue for the quarter was up .1% compared to the same quarter last year. sell-side analysts forecast that Nike, Inc. will post 2.28 EPS for the current fiscal year.

The business also recently disclosed 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. 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 1.32%. The ex-dividend date is Friday, December 1st. Nike’s dividend payout ratio is currently 34.04%.

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About Nike

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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