Dimensional Fund Advisors LP Has $167.98 Million Position in Nike Inc (NKE)

Dimensional Fund Advisors LP raised its stake in shares of Nike Inc (NYSE:NKE) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,239,456 shares of the footwear maker’s stock after purchasing an additional 93,581 shares during the period. Dimensional Fund Advisors LP’s holdings in Nike were worth $167,979,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Willingdon Wealth Management bought a new position in Nike during the 3rd quarter worth $114,000. Asset Planning Services Ltd. raised its position in Nike by 0.3% during the 2nd quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock worth $126,000 after purchasing an additional 7 shares during the last quarter. Atlantic Trust LLC bought a new position in Nike during the 2nd quarter worth $136,000. Howe & Rusling Inc. raised its position in Nike by 751.3% during the 3rd quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock worth $137,000 after purchasing an additional 2,329 shares during the last quarter. Finally, Kistler Tiffany Companies LLC raised its position in Nike by 91.7% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock worth $149,000 after purchasing an additional 1,209 shares during the last quarter. 62.67% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on NKE. B. Riley reaffirmed a “neutral” rating on shares of Nike in a research report on Wednesday, November 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $74.00 target price on shares of Nike in a research report on Friday, December 22nd. Macquarie set a $72.00 price target on Nike and gave the stock a “buy” rating in a report on Thursday. Cowen set a $64.00 price target on Nike and gave the stock a “hold” rating in a report on Thursday. Finally, Raymond James Financial decreased their price target on Nike from $71.00 to $67.00 and set an “outperform” rating for the company in a report on Tuesday, September 19th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and twenty-one have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $64.40.

Shares of Nike Inc (NYSE:NKE) opened at $64.67 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.46 and a quick ratio of 1.67. The company has a market capitalization of $105,510.00, a PE ratio of 28.00, a PEG ratio of 2.92 and a beta of 0.64. Nike Inc has a 12 month low of $50.35 and a 12 month high of $65.18.

Nike (NYSE:NKE) last issued its earnings results on Thursday, December 21st. The footwear maker reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.06. The company had revenue of $8.55 billion during the quarter, compared to the consensus estimate of $8.39 billion. Nike had a return on equity of 31.64% and a net margin of 11.13%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the business posted $0.50 EPS. analysts anticipate that Nike Inc will post 2.25 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, December 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.24%. This is an increase from Nike’s previous quarterly dividend of $0.18. Nike’s payout ratio is 34.63%.

In other Nike news, COO Eric D. Sprunk sold 226,040 shares of Nike stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $63.10, for a total transaction of $14,263,124.00. Following the completion of the transaction, the chief operating officer now owns 165,591 shares in the company, valued at approximately $10,448,792.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John F. Slusher sold 125,722 shares of Nike stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $63.17, for a total value of $7,941,858.74. Following the transaction, the executive vice president now owns 268,169 shares of the company’s stock, valued at approximately $16,940,235.73. The disclosure for this sale can be found here. Insiders have sold a total of 967,896 shares of company stock valued at $60,257,267 in the last quarter. Company insiders own 3.90% of the company’s stock.

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Nike 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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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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