Macquarie Group Ltd. Has $19.42 Million Position in Nike (NKE)

Macquarie Group Ltd. boosted its holdings in Nike (NYSE:NKE) by 28.3% during the 4th quarter, HoldingsChannel reports. The fund owned 319,375 shares of the footwear maker’s stock after buying an additional 70,519 shares during the period. Macquarie Group Ltd.’s holdings in Nike were worth $19,419,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Janus Henderson Group PLC raised its stake in Nike by 4,252.6% during the 2nd quarter. Janus Henderson Group PLC now owns 16,619,387 shares of the footwear maker’s stock valued at $980,539,000 after buying an additional 16,237,557 shares during the last quarter. Capital World Investors raised its stake in Nike by 58.7% during the 2nd quarter. Capital World Investors now owns 21,779,409 shares of the footwear maker’s stock valued at $1,284,985,000 after buying an additional 8,058,601 shares during the last quarter. Harding Loevner LP raised its stake in Nike by 97.1% during the 3rd quarter. Harding Loevner LP now owns 12,151,210 shares of the footwear maker’s stock valued at $390,421,000 after buying an additional 5,987,728 shares during the last quarter. Orbis Allan Gray Ltd purchased a new stake in Nike during the 2nd quarter valued at $226,588,000. Finally, Capital Research Global Investors raised its stake in Nike by 10.4% during the 2nd quarter. Capital Research Global Investors now owns 24,135,396 shares of the footwear maker’s stock valued at $1,423,988,000 after buying an additional 2,274,869 shares during the last quarter. 65.65% of the stock is currently owned by institutional investors and hedge funds.

Nike (NKE) opened at $64.63 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.46 and a quick ratio of 1.67. Nike has a 1-year low of $50.35 and a 1-year high of $70.25. The company has a market cap of $105,149.06, a PE ratio of 60.97, a P/E/G ratio of 2.93 and a beta of 0.68.

Nike (NYSE:NKE) last announced its quarterly earnings results on Thursday, March 22nd. The footwear maker reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.15. Nike had a net margin of 5.11% and a return on equity of 31.81%. The firm had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.85 billion. During the same quarter last year, the firm earned $0.68 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. research analysts expect that Nike will post 2.29 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 5th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Friday, March 2nd. Nike’s payout ratio is 75.47%.

In related news, COO Eric D. Sprunk sold 226,040 shares of the stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $63.10, for a total value of $14,263,124.00. Following the completion of the transaction, the chief operating officer now owns 165,591 shares of the company’s stock, valued at approximately $10,448,792.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Mark G. Parker sold 135,000 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $70.00, for a total transaction of $9,450,000.00. Following the completion of the transaction, the chairman now directly owns 1,637,736 shares of the company’s stock, valued at approximately $114,641,520. The disclosure for this sale can be found here. In the last ninety days, insiders sold 912,802 shares of company stock valued at $58,993,107. 3.90% of the stock is owned by insiders.

A number of brokerages have weighed in on NKE. Canaccord Genuity set a $62.00 target price on shares of Nike and gave the company a “hold” rating in a research note on Sunday. TheStreet lowered shares of Nike from a “b+” rating to a “c+” rating in a research note on Thursday. Robert W. Baird restated a “buy” rating and issued a $78.00 price objective on shares of Nike in a research note on Friday. Jefferies Group set a $68.00 price objective on Nike and gave the stock a “neutral” rating in a research note on Friday. Finally, Macquarie restated a “buy” rating and issued a $80.00 price objective on shares of Nike in a research note on Friday. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $68.07.

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Nike Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. It offers NIKE brand products in nine categories: running, NIKE basketball, the Jordan brand, football, men's training, women's training, action sports, sportswear, and golf.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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