Trillium Asset Management LLC lowered its position in shares of Nike Inc. (NYSE:NKE) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 155,549 shares of the footwear maker’s stock after selling 3,383 shares during the period. Trillium Asset Management LLC’s holdings in Nike were worth $8,586,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Badgley Phelps & Bell Inc. increased its position in Nike by 13.6% in the first quarter. Badgley Phelps & Bell Inc. now owns 5,987 shares of the footwear maker’s stock worth $368,000 after buying an additional 718 shares during the period. Virginia Retirement System acquired a new position in Nike during the first quarter worth approximately $26,653,000. Nisa Investment Advisors L.L.C. increased its position in Nike by 3.6% in the first quarter. Nisa Investment Advisors L.L.C. now owns 493,008 shares of the footwear maker’s stock worth $30,305,000 after buying an additional 16,950 shares during the period. Alexandria Capital LLC increased its position in Nike by 194.8% in the first quarter. Alexandria Capital LLC now owns 190,476 shares of the footwear maker’s stock worth $11,709,000 after buying an additional 125,857 shares during the period. Finally, Buffington Mohr McNeal increased its position in Nike by 250.0% in the first quarter. Buffington Mohr McNeal now owns 5,600 shares of the footwear maker’s stock worth $344,000 after buying an additional 4,000 shares during the period. 62.04% of the stock is currently owned by institutional investors and hedge funds.
Nike Inc. (NYSE:NKE) traded down 0.17% on Thursday, reaching $52.03. 9,391,223 shares of the company’s stock were exchanged. The company has a market capitalization of $86.99 billion, a PE ratio of 23.48 and a beta of 0.56. The company has a 50 day moving average price of $56.14 and a 200-day moving average price of $56.95. Nike Inc. has a 1-year low of $51.48 and a 1-year high of $68.19.
Nike (NYSE:NKE) last released its earnings results on Tuesday, September 27th. The footwear maker reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.17. Nike had a return on equity of 30.56% and a net margin of 11.60%. The company earned $9.06 billion during the quarter. During the same period last year, the business posted $1.34 EPS. Nike’s revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts anticipate that Nike Inc. will post $2.38 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Tuesday, September 6th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Thursday, September 1st. Nike’s dividend payout ratio is currently 28.83%.
A number of brokerages have recently issued reports on NKE. Vetr downgraded shares of Nike from a “hold” rating to a “sell” rating and set a $54.86 price objective on the stock. in a research report on Monday, July 11th. Barclays PLC set a $70.00 price objective on shares of Nike and gave the stock a “buy” rating in a research report on Monday, September 12th. Citigroup Inc. lifted their price objective on shares of Nike from $61.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, September 28th. B. Riley reaffirmed a “neutral” rating and issued a $55.00 price objective (down previously from $62.00) on shares of Nike in a research report on Monday, September 26th. Finally, OTR Global downgraded shares of Nike to a “positive” rating in a research report on Thursday, June 16th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have issued a buy rating to the company. Nike has an average rating of “Buy” and a consensus price target of $64.54.
In other news, EVP Hilary K. Krane sold 100,000 shares of the firm’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $56.99, for a total value of $5,699,000.00. Following the completion of the transaction, the executive vice president now owns 310,795 shares in the company, valued at $17,712,207.05. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John F. Slusher sold 72,696 shares of the firm’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $57.75, for a total value of $4,198,194.00. Following the completion of the transaction, the executive vice president now owns 231,861 shares of the company’s stock, valued at approximately $13,389,972.75. The disclosure for this sale can be found here. 3.90% of the stock is owned by insiders.
NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company sells its products to retail accounts, through NIKE-owned retail stores and Internet Websites (which the Company refers to as its Direct to Consumer or DTC operations), and through a mix of independent distributors and licensees throughout the world.
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