Ameritas Investment Partners Inc. cut its stake in shares of Nike, Inc. (NYSE:NKE) by 4.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,485 shares of the footwear maker’s stock after selling 1,362 shares during the period. Ameritas Investment Partners Inc.’s holdings in Nike were worth $1,699,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC purchased a new position in Nike during the first quarter valued at approximately $117,000. Webster Bank N. A. raised its position in Nike by 75.5% in the first quarter. Webster Bank N. A. now owns 2,092 shares of the footwear maker’s stock valued at $117,000 after buying an additional 900 shares in the last quarter. Gierl Augustine Investment Management Inc raised its position in Nike by 5.3% in the first quarter. Gierl Augustine Investment Management Inc now owns 2,121 shares of the footwear maker’s stock valued at $118,000 after buying an additional 107 shares in the last quarter. Asset Planning Services Ltd. purchased a new position in Nike during the first quarter valued at approximately $118,000. Finally, Rational Advisors LLC raised its position in Nike by 14.3% in the first quarter. Rational Advisors LLC now owns 2,572 shares of the footwear maker’s stock valued at $143,000 after buying an additional 321 shares in the last quarter. 64.17% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Nike, Inc. (NYSE:NKE) opened at 58.67 on Friday. Nike, Inc. has a 52 week low of $49.01 and a 52 week high of $60.33. The firm’s 50-day moving average is $56.05 and its 200-day moving average is $55.16. The company has a market cap of $96.41 billion, a price-to-earnings ratio of 23.37 and a beta of 0.60.
Nike (NYSE:NKE) last announced its quarterly earnings data on Thursday, June 29th. The footwear maker reported $0.60 EPS for the quarter, beating the consensus estimate of $0.50 by $0.10. The business had revenue of $8.68 billion during the quarter, compared to analyst estimates of $8.63 billion. Nike had a return on equity of 34.18% and a net margin of 12.34%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 earnings per share. Equities research analysts predict that Nike, Inc. will post $2.42 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Shareholders of record on Monday, June 5th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.23%. The ex-dividend date was Thursday, June 1st. Nike’s dividend payout ratio is currently 28.69%.
Several equities analysts have commented on the stock. Piper Jaffray Companies set a $50.00 target price on shares of Nike and gave the company a “hold” rating in a report on Saturday, July 1st. BidaskClub raised shares of Nike from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Vetr lowered shares of Nike from a “buy” rating to a “hold” rating and set a $54.16 target price on the stock. in a report on Monday, June 5th. Robert W. Baird reissued an “outperform” rating and issued a $62.00 target price on shares of Nike in a report on Friday, June 30th. Finally, Nomura reissued a “buy” rating on shares of Nike in a report on Monday, May 15th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-two have assigned a buy rating to the company. Nike presently has an average rating of “Buy” and a consensus target price of $61.04.
In other Nike news, CAO Hilary K. Krane sold 28,072 shares of the firm’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $58.10, for a total transaction of $1,630,983.20. Following the completion of the transaction, the chief accounting officer now owns 177,723 shares of the company’s stock, valued at $10,325,706.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew Campion sold 96,243 shares of the firm’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $56.68, for a total value of $5,455,053.24. Following the transaction, the chief financial officer now directly owns 50,246 shares of the company’s stock, valued at approximately $2,847,943.28. The disclosure for this sale can be found here. Insiders have sold 380,037 shares of company stock valued at $21,901,923 in the last three months. Insiders own 3.90% of the company’s stock.
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.
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