Hartford Investment Management Co. Acquires 1,888 Shares of Nike Inc (NYSE:NKE)

Share on StockTwits

Hartford Investment Management Co. increased its holdings in Nike Inc (NYSE:NKE) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 264,943 shares of the footwear maker’s stock after purchasing an additional 1,888 shares during the quarter. Hartford Investment Management Co.’s holdings in Nike were worth $22,242,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NKE. Dimensional Fund Advisors LP grew its stake in shares of Nike by 2.0% in the fourth 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 during the last quarter. Geode Capital Management LLC grew its stake in shares of Nike by 4.9% in the fourth 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 during the last quarter. Nordea Investment Management AB grew its stake in shares of Nike by 38.3% in the fourth quarter. Nordea Investment Management AB now owns 1,757,962 shares of the footwear maker’s stock worth $130,336,000 after purchasing an additional 486,593 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Nike by 19.7% in the fourth 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 during the last quarter. Finally, Van Leeuwen & Company LLC boosted its position in Nike by 3.4% during the fourth quarter. Van Leeuwen & Company LLC now owns 4,655 shares of the footwear maker’s stock valued at $345,000 after acquiring an additional 155 shares during the last quarter. 65.68% of the stock is currently owned by institutional investors.

In other news, insider Elliott Hill sold 3,228 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $87.07, for a total transaction of $281,061.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Hilary K. Krane sold 17,903 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $88.70, for a total transaction of $1,587,996.10. The disclosure for this sale can be found here. Insiders have sold 84,637 shares of company stock worth $7,388,637 in the last quarter. Company insiders own 3.80% of the company’s stock.

A number of analysts have commented on the stock. Piper Jaffray Companies set a $97.00 price target on shares of Nike and gave the company a “buy” rating in a research report on Friday, June 28th. Zacks Investment Research raised shares of Nike from a “sell” rating to a “hold” rating and set a $95.00 price target on the stock in a research report on Monday, May 27th. Pivotal Research set a $101.00 price target on shares of Nike and gave the company a “buy” rating in a research report on Friday, June 28th. JPMorgan Chase & Co. upped their price target on shares of Nike from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, July 9th. Finally, Deutsche Bank set a $100.00 price target on shares of Nike and gave the company a “buy” rating in a research report on Wednesday, July 10th. One equities 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 company’s stock. The company has an average rating of “Buy” and an average price target of $89.86.

Shares of NYSE NKE opened at $79.87 on Monday. The firm’s 50-day moving average is $85.99. Nike Inc has a 1-year low of $66.53 and a 1-year high of $90.00. The firm has a market capitalization of $127.53 billion, a price-to-earnings ratio of 32.08, a P/E/G ratio of 2.15 and a beta of 0.78. 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 (NYSE:NKE) last announced its quarterly earnings data on Thursday, June 27th. The footwear maker reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.04). Nike had a net margin of 10.30% and a return on equity of 45.12%. The company had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same quarter in the prior year, the company posted $0.69 EPS. Nike’s revenue for the quarter was up 4.0% on a year-over-year basis. Sell-side analysts forecast that Nike Inc will post 2.9 earnings per share for the current fiscal year.

Nike Profile

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.

Featured Story: Dividend

Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nike Inc (NYSE:NKE).

Institutional Ownership by Quarter for Nike (NYSE:NKE)

Receive News & Ratings for Nike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nike and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

IceChain Reaches 1-Day Volume of $4.00
IceChain Reaches 1-Day Volume of $4.00
Elitium  Price Hits $1.23
Elitium Price Hits $1.23
Zacks: Analysts Anticipate BlackBerry Ltd  to Post -$0.01 Earnings Per Share
Zacks: Analysts Anticipate BlackBerry Ltd to Post -$0.01 Earnings Per Share
CyberFM Market Capitalization Achieves $805,684.00
CyberFM Market Capitalization Achieves $805,684.00
Columbia Sportswear  Expected to Post Earnings of $1.54 Per Share
Columbia Sportswear Expected to Post Earnings of $1.54 Per Share
Air Products & Chemicals, Inc.  Given Average Rating of “Buy” by Brokerages
Air Products & Chemicals, Inc. Given Average Rating of “Buy” by Brokerages


© 2006-2019 Ticker Report