Calamos Advisors LLC increased its position in shares of Nike Inc (NYSE:NKE) by 0.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 491,061 shares of the footwear maker’s stock after acquiring an additional 2,368 shares during the period. Calamos Advisors LLC’s holdings in Nike were worth $41,352,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of NKE. Oregon Public Employees Retirement Fund raised its position in Nike by 6,517.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 35,283,152 shares of the footwear maker’s stock valued at $476,000 after purchasing an additional 34,749,961 shares in the last quarter. Norges Bank acquired a new stake in Nike in the 4th quarter valued at about $892,899,000. BlackRock Inc. raised its position in Nike by 4.3% in the 4th quarter. BlackRock Inc. now owns 86,268,224 shares of the footwear maker’s stock valued at $6,395,928,000 after purchasing an additional 3,592,186 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in Nike in the 4th quarter valued at about $224,658,000. Finally, AQR Capital Management LLC raised its position in Nike by 352.5% in the 3rd quarter. AQR Capital Management LLC now owns 3,839,908 shares of the footwear maker’s stock valued at $325,317,000 after purchasing an additional 2,991,299 shares in the last quarter. 65.62% of the stock is currently owned by institutional investors.
A number of research firms have issued reports on NKE. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $90.00 price target on shares of Nike in a research report on Friday, April 12th. Citigroup began coverage on Nike in a research report on Wednesday, April 10th. They set a “buy” rating and a $100.00 target price on the stock. Zacks Investment Research lowered Nike from a “buy” rating to a “hold” rating in a research report on Monday, March 25th. Macquarie set a $96.00 target price on Nike and gave the stock a “buy” rating in a research report on Friday, March 22nd. Finally, Piper Jaffray Companies set a $93.00 target price on Nike and gave the stock a “buy” rating in a research report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $87.10.
Nike (NYSE:NKE) last released its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. The firm had revenue of $9.61 billion for the quarter, compared to the consensus estimate of $9.60 billion. Nike had a return on equity of 45.78% and a net margin of 10.79%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 EPS. On average, research analysts expect that Nike Inc will post 2.55 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a dividend of $0.22 per share. The ex-dividend date was Friday, March 1st. This represents a $0.88 dividend on an annualized basis and a yield of 1.00%. Nike’s dividend payout ratio is presently 36.36%.
In related news, EVP John F. Slusher sold 110,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $85.02, for a total transaction of $9,352,200.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Monique S. Matheson sold 16,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $88.21, for a total value of $1,455,465.00. The disclosure for this sale can be found here. Insiders have sold a total of 426,500 shares of company stock worth $35,107,665 in the last 90 days. 3.90% of the stock is currently owned by company insiders.
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NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.
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