Machina Capital S.A.S. Buys Shares of 7,681 Nike Inc (NYSE:NKE)

Machina Capital S.A.S. bought a new stake in Nike Inc (NYSE:NKE) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,681 shares of the footwear maker’s stock, valued at approximately $645,000.

Several other large investors have also recently made changes to their positions in the company. FMR LLC grew its holdings in shares of Nike by 27.0% during the 1st quarter. FMR LLC now owns 23,077,703 shares of the footwear maker’s stock worth $1,943,374,000 after purchasing an additional 4,908,916 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Nike by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 17,065,913 shares of the footwear maker’s stock worth $1,263,116,000 after purchasing an additional 796,906 shares in the last quarter. Norges Bank acquired a new stake in shares of Nike during the 4th quarter worth approximately $892,899,000. American Century Companies Inc. grew its holdings in shares of Nike by 19.7% during the 4th quarter. American Century Companies Inc. now owns 6,357,307 shares of the footwear maker’s stock worth $471,331,000 after purchasing an additional 1,047,428 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Nike by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,507,942 shares of the footwear maker’s stock worth $260,074,000 after purchasing an additional 69,032 shares in the last quarter. 65.67% of the stock is currently owned by institutional investors.

Several analysts have recently weighed in on the company. Piper Jaffray Companies set a $97.00 price objective on Nike and gave the stock a “buy” rating in a report on Friday, June 28th. Pivotal Research set a $101.00 target price on Nike and gave the stock a “buy” rating in a research report on Friday, June 28th. UBS Group downgraded JinkoSolar from a “buy” rating to a “neutral” rating and raised their target price for the stock from $22.00 to $25.00 in a research report on Monday, June 17th. Morgan Stanley set a $103.00 target price on Nike and gave the stock a “buy” rating in a research report on Friday, June 28th. Finally, Citigroup initiated coverage on Dicks Sporting Goods in a research report on Wednesday, April 10th. They set a “neutral” rating and a $40.00 target price for the company. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $89.86.

In other news, Director Elizabeth J. Comstock sold 24,000 shares of Nike stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $84.84, for a total value of $2,036,160.00. Following the completion of the sale, the director now directly owns 38,813 shares of the company’s stock, valued at approximately $3,292,894.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John C. Lechleiter sold 5,406 shares of Nike stock in a transaction on Friday, July 26th. The shares were sold at an average price of $87.13, for a total value of $471,024.78. Following the completion of the sale, the director now directly owns 68,457 shares of the company’s stock, valued at $5,964,658.41. The disclosure for this sale can be found here. Insiders sold a total of 84,637 shares of company stock valued at $7,388,637 over the last three months. Insiders own 3.80% of the company’s stock.

NKE traded down $0.43 during trading on Wednesday, hitting $86.77. The company’s stock had a trading volume of 1,613,790 shares, compared to its average volume of 5,202,430. The company’s 50 day moving average price is $85.96. The company has a quick ratio of 1.39, a current ratio of 2.10 and a debt-to-equity ratio of 0.38. Nike Inc has a 12 month low of $66.53 and a 12 month high of $90.00. The company has a market capitalization of $137.06 billion, a PE ratio of 34.85, a price-to-earnings-growth ratio of 2.32 and a beta of 0.78.

Nike (NYSE:NKE) last released its earnings results on Thursday, June 27th. The footwear maker reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.04). The firm had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.15 billion. Nike had a net margin of 10.30% and a return on equity of 45.12%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the business posted $0.69 earnings per share. As a group, analysts predict that Nike Inc will post 2.9 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 3rd were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.88 annualized dividend and a dividend yield of 1.01%. Nike’s dividend payout ratio (DPR) is currently 35.34%.

About Nike

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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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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