Round Table Services LLC grew its position in Nike Inc (NYSE:NKE) by 5.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,711 shares of the footwear maker’s stock after buying an additional 179 shares during the quarter. Round Table Services LLC’s holdings in Nike were worth $313,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund raised its position in shares of 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 worth $476,000 after acquiring an additional 34,749,961 shares in the last quarter. Norges Bank bought a new position in shares of Nike in the 4th quarter worth $892,899,000. BlackRock Inc. raised its position in shares of Nike by 4.3% in the 4th quarter. BlackRock Inc. now owns 86,268,224 shares of the footwear maker’s stock worth $6,395,928,000 after acquiring an additional 3,592,186 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd bought a new position in shares of Nike in the 4th quarter worth $224,658,000. Finally, Jennison Associates LLC raised its position in shares of Nike by 10.7% in the 4th quarter. Jennison Associates LLC now owns 17,818,715 shares of the footwear maker’s stock worth $1,321,080,000 after acquiring an additional 1,723,608 shares in the last quarter. Institutional investors and hedge funds own 65.62% of the company’s stock.
In other news, CEO Mark G. Parker sold 150,000 shares of the stock in a transaction dated Friday, January 18th. The stock was sold at an average price of $80.00, for a total value of $12,000,000.00. Following the transaction, the chief executive officer now directly owns 1,687,863 shares of the company’s stock, valued at $135,029,040. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John F. Slusher sold 110,000 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $85.02, for a total value of $9,352,200.00. The disclosure for this sale can be found here. Insiders sold 466,504 shares of company stock worth $38,620,816 over the last three months. Corporate insiders own 3.90% of the company’s stock.
Nike (NYSE:NKE) last announced its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. The business had revenue of $9.61 billion for the quarter, compared to analyst estimates of $9.60 billion. Nike had a return on equity of 45.78% and a net margin of 10.79%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.68 earnings per share. Research analysts anticipate that Nike Inc will post 2.55 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, March 1st. Nike’s dividend payout ratio is presently 36.36%.
Several research analysts have recently commented on the company. JPMorgan Chase & Co. reissued a “buy” rating and issued a $90.00 price target on shares of Nike in a research report on Friday, April 12th. Citigroup assumed coverage on Nike in a research report on Wednesday, April 10th. They issued a “buy” rating and a $100.00 price target for the company. 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 price target 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 price target on Nike and gave the stock a “buy” rating in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $87.10.
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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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