Nike Inc (NKE) Position Lessened by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC decreased its position in shares of Nike Inc (NYSE:NKE) by 67.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 24,776 shares of the footwear maker’s stock after selling 52,370 shares during the period. Cubist Systematic Strategies LLC’s holdings in Nike were worth $1,285,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Asset Planning Services Ltd. raised its stake in Nike by 0.3% during the second 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 period. Willingdon Wealth Management purchased a new position in Nike during the third quarter worth approximately $114,000. Atlantic Trust LLC purchased a new position in Nike during the second quarter worth approximately $136,000. Howe & Rusling Inc. raised its stake in Nike by 751.3% during the third 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 period. Finally, Oakworth Capital Inc. raised its stake in Nike by 14.3% during the second quarter. Oakworth Capital Inc. now owns 2,994 shares of the footwear maker’s stock worth $177,000 after purchasing an additional 374 shares during the period. 62.75% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have weighed in on NKE. Wedbush raised shares of Nike from a “neutral” rating to an “outperform” rating and set a $74.00 price target on the stock in a research note on Friday. Cowen set a $64.00 price target on shares of Nike and gave the stock a “hold” rating in a research note on Thursday, January 11th. Macquarie set a $72.00 price target on shares of Nike and gave the stock a “buy” rating in a research note on Thursday, January 11th. Barclays set a $75.00 price target on shares of Nike and gave the stock a “buy” rating in a research note on Tuesday, January 9th. Finally, Canaccord Genuity set a $60.00 price target on shares of Nike and gave the stock a “hold” rating in a research note on Sunday, January 7th. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-one have issued a buy rating to the company. Nike currently has a consensus rating of “Hold” and a consensus price target of $64.94.

In related news, EVP Monique S. Matheson sold 10,000 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $62.00, for a total transaction of $620,000.00. Following the completion of the sale, the executive vice president now directly owns 23,248 shares of the company’s stock, valued at approximately $1,441,376. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Eric D. Sprunk sold 226,040 shares of the firm’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $63.10, for a total transaction of $14,263,124.00. Following the sale, the insider now directly owns 165,591 shares of the company’s stock, valued at $10,448,792.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 967,896 shares of company stock valued at $60,257,267. Company insiders own 3.90% of the company’s stock.

Shares of Nike Inc (NYSE:NKE) opened at $67.21 on Monday. The firm has a market cap of $109,650.00, a price-to-earnings ratio of 29.10, a P/E/G ratio of 3.05 and a beta of 0.64. Nike Inc has a fifty-two week low of $50.35 and a fifty-two week high of $67.24. The company has a current ratio of 2.46, a quick ratio of 1.67 and a debt-to-equity ratio of 0.30.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 4th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.19%. This is a positive change from Nike’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, December 1st. Nike’s dividend payout ratio (DPR) is presently 34.63%.

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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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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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