Aberdeen Asset Management PLC UK boosted its position in Nike, Inc. (NYSE:NKE) by 10.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund 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 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Perigon Wealth Management LLC boosted its stake in shares of Nike by 14.2% in the fourth quarter. Perigon Wealth Management LLC now owns 40,734 shares of the footwear maker’s stock valued at $2,310,000 after buying an additional 5,080 shares during the period. HighPoint Advisor Group LLC boosted its stake in shares of Nike by 56.1% in the fourth quarter. HighPoint Advisor Group LLC now owns 11,126 shares of the footwear maker’s stock valued at $645,000 after buying an additional 3,997 shares during the period. Becker Capital Management Inc. bought a new stake in shares of Nike during the fourth quarter valued at about $20,996,000. Garde Capital Inc. boosted its stake in shares of Nike by 122.6% in the fourth quarter. Garde Capital Inc. now owns 9,832 shares of the footwear maker’s stock valued at $500,000 after buying an additional 5,416 shares during the period. Finally, Kentucky Retirement Systems bought a new stake in shares of Nike during the fourth quarter valued at about $4,928,000. Institutional investors own 63.47% of the company’s stock.
Shares of Nike, Inc. (NYSE NKE) traded down 4.37% during midday trading on Friday, hitting $54.95. 22,905,183 shares of the stock traded hands. The firm has a market capitalization of $90.29 billion, a PE ratio of 21.89 and a beta of 0.59. Nike, Inc. has a 52 week low of $49.01 and a 52 week high of $60.53. The company’s 50-day moving average is $58.64 and its 200 day moving average is $55.77. Nike also was the target of some unusual options trading activity on Wednesday. Investors bought 14,365 call options on the company. This is an increase of 228% compared to the typical volume of 4,379 call options.
Nike (NYSE:NKE) last announced its earnings results on Thursday, June 29th. The footwear maker reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.10. Nike had a net margin of 12.34% and a return on equity of 34.18%. The business had revenue of $8.68 billion during the quarter, compared to analysts’ expectations of $8.63 billion. During the same period in the prior year, the company earned $0.49 earnings per share. The firm’s revenue was up 5.3% on a year-over-year basis. Analysts anticipate that Nike, Inc. will post $2.42 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Tuesday, September 5th will be paid a $0.18 dividend. The ex-dividend date is Thursday, August 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.31%. Nike’s dividend payout ratio (DPR) is presently 28.69%.
Several equities research analysts recently issued reports on NKE shares. Canaccord Genuity set a $51.00 price target on Nike and gave the company a “hold” rating in a research note on Friday, May 26th. Cowen and Company set a $54.00 price target on Nike and gave the company a “hold” rating in a research note on Friday, August 4th. Vetr cut Nike from a “buy” rating to a “hold” rating and set a $58.44 target price for the company. in a research note on Monday, April 24th. Nomura restated a “buy” rating on shares of Nike in a research note on Monday, May 15th. Finally, Instinet restated a “buy” rating on shares of Nike in a research note on Monday, May 15th. Two 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, CFO Andrew Campion sold 5,722 shares of the firm’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $59.40, for a total transaction of $339,886.80. Following the completion of the transaction, the chief financial officer now directly owns 34,976 shares of the company’s stock, valued at $2,077,574.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Trevor A. Edwards sold 200,000 shares of the firm’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $57.63, for a total transaction of $11,526,000.00. Following the transaction, the insider now directly owns 729,610 shares of the company’s stock, valued at $42,047,424.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 492,360 shares of company stock valued at $28,485,174. Corporate 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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