Brown Advisory Securities LLC lessened its position in shares of Nike Inc (NYSE:NKE) by 10.7% in the fourth quarter, Holdings Channel reports. The fund owned 14,930 shares of the footwear maker’s stock after selling 1,793 shares during the quarter. Brown Advisory Securities LLC’s holdings in Nike were worth $937,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the stock. West Chester Capital Advisors Inc. purchased a new stake in Nike during the fourth quarter valued at $734,000. Mawer Investment Management Ltd. increased its position in Nike by 7.7% during the fourth quarter. Mawer Investment Management Ltd. now owns 1,213,385 shares of the footwear maker’s stock valued at $75,871,000 after acquiring an additional 87,136 shares during the last quarter. Dragon Financial & Investment Group LLC purchased a new stake in Nike during the fourth quarter valued at $300,000. Alexandria Capital LLC increased its position in Nike by 27.8% during the fourth quarter. Alexandria Capital LLC now owns 94,264 shares of the footwear maker’s stock valued at $5,897,000 after acquiring an additional 20,527 shares during the last quarter. Finally, Suntrust Banks Inc. increased its position in Nike by 4.1% during the fourth quarter. Suntrust Banks Inc. now owns 200,403 shares of the footwear maker’s stock valued at $12,534,000 after acquiring an additional 7,958 shares during the last quarter. Institutional investors own 65.06% of the company’s stock.
A number of brokerages have commented on NKE. Oppenheimer upgraded Nike to a “buy” rating in a research report on Wednesday, January 31st. Stifel Nicolaus upped their price target on Nike from $74.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Citigroup restated a “buy” rating and issued a $78.00 price target (up previously from $74.00) on shares of Nike in a research report on Wednesday, January 31st. Zacks Investment Research cut Nike from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Finally, Buckingham Research upped their price target on Nike from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $65.61.
Nike Inc (NYSE:NKE) opened at $66.30 on Monday. Nike Inc has a one year low of $50.35 and a one year high of $70.25. The company has a market capitalization of $108,170.00, a P/E ratio of 28.70, a P/E/G ratio of 3.00 and a beta of 0.68. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.67 and a current ratio of 2.46.
Nike (NYSE:NKE) last announced its quarterly earnings results on Thursday, December 21st. The footwear maker reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. Nike had a return on equity of 31.64% and a net margin of 11.13%. The company had revenue of $8.55 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same period in the prior year, the company earned $0.50 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. equities analysts anticipate that Nike Inc will post 2.26 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 5th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Friday, March 2nd. Nike’s payout ratio is presently 34.63%.
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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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