Aberdeen Asset Management PLC UK increased its stake in Nike, Inc. (NYSE:NKE) by 10.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 279,282 shares of the footwear maker’s stock after buying an additional 26,641 shares during the period. Aberdeen Asset Management PLC UK’s holdings in Nike were worth $15,565,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the company. Personal Capital Advisors Corp boosted its stake in Nike by 15.5% in the first quarter. Personal Capital Advisors Corp now owns 83,943 shares of the footwear maker’s stock valued at $4,758,000 after buying an additional 11,288 shares during the last quarter. Stillwater Investment Management LLC boosted its stake in Nike by 4.6% in the first quarter. Stillwater Investment Management LLC now owns 37,813 shares of the footwear maker’s stock valued at $2,107,000 after buying an additional 1,677 shares during the last quarter. Adviser Investments LLC purchased a new stake in Nike during the first quarter valued at about $2,645,000. Lederer & Associates Investment Counsel CA boosted its stake in Nike by 1.4% in the first quarter. Lederer & Associates Investment Counsel CA now owns 6,330 shares of the footwear maker’s stock valued at $353,000 after buying an additional 90 shares during the last quarter. Finally, DnB Asset Management AS boosted its stake in Nike by 11.7% in the first quarter. DnB Asset Management AS now owns 146,817 shares of the footwear maker’s stock valued at $8,182,000 after buying an additional 15,380 shares during the last quarter. 64.77% of the stock is currently owned by institutional investors.
Shares of Nike, Inc. (NYSE:NKE) traded down 0.17% during mid-day trading on Friday, hitting $58.97. 4,979,994 shares of the company were exchanged. The company has a market capitalization of $96.90 billion, a price-to-earnings ratio of 23.49 and a beta of 0.59. Nike, Inc. has a 12-month low of $49.01 and a 12-month high of $60.53. The firm has a 50 day moving average of $57.77 and a 200 day moving average of $55.57.
Nike (NYSE:NKE) last announced its quarterly earnings results on Thursday, June 29th. The footwear maker reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.10. Nike had a return on equity of 34.18% and a net margin of 12.34%. The business had revenue of $8.68 billion during the quarter, compared to the consensus estimate of $8.63 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. Nike’s revenue was up 5.3% compared to the same quarter last year. Equities research analysts forecast that Nike, Inc. will post $2.42 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Tuesday, September 5th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.72 dividend on an annualized basis and a yield of 1.22%. Nike’s dividend payout ratio (DPR) is 28.69%.
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A number of research analysts have weighed in on the stock. Cowen and Company set a $54.00 target price on shares of Nike and gave the stock a “hold” rating in a research note on Friday, August 4th. Piper Jaffray Companies reissued a “buy” rating on shares of Nike in a research note on Thursday, July 27th. Zacks Investment Research upgraded shares of Nike from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Guggenheim restated a “buy” rating and issued a $70.00 price target on shares of Nike in a research note on Monday, July 24th. Finally, Stifel Nicolaus set a $66.00 price target on shares of Nike and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-two have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $61.04.
In related news, insider Eric D. Sprunk sold 112,323 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $58.61, for a total transaction of $6,583,251.03. Following the transaction, the insider now directly owns 139,551 shares in the company, valued at approximately $8,179,084.11. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Andrew Campion sold 5,722 shares of Nike stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $59.40, for a total value of $339,886.80. Following the completion of the sale, the chief financial officer now owns 34,976 shares in the company, valued at $2,077,574.40. The disclosure for this sale can be found here. Insiders have sold a total of 492,360 shares of company stock worth $28,485,174 in the last three months. 3.90% of the stock is currently owned by insiders.
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.
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