NS Partners Ltd raised its position in Nike, Inc. (NYSE:NKE) by 2.1% during the first quarter, Holdings Channel reports. The institutional investor owned 75,733 shares of the footwear maker’s stock after buying an additional 1,576 shares during the period. NS Partners Ltd’s holdings in Nike were worth $4,221,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Weiss Multi Strategy Advisers LLC acquired a new position in Nike during the first quarter worth approximately $2,686,000. Keel Point LLC boosted its position in Nike by 0.5% in the first quarter. Keel Point LLC now owns 9,638 shares of the footwear maker’s stock worth $537,000 after buying an additional 51 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Nike during the first quarter worth approximately $2,973,000. Edmond DE Rothschild Holding S.A. boosted its position in Nike by 4.5% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 243,229 shares of the footwear maker’s stock worth $13,557,000 after buying an additional 10,465 shares in the last quarter. Finally, Bronson Point Management LLC acquired a new position in Nike during the first quarter worth approximately $10,031,000. 64.77% of the stock is currently owned by institutional investors.

Shares of Nike, Inc. (NYSE:NKE) traded up 0.0906% during mid-day trading on Friday, reaching $59.1235. The company’s stock had a trading volume of 1,851,154 shares. Nike, Inc. has a 1-year low of $49.01 and a 1-year high of $60.53. The company has a market capitalization of $97.15 billion, a price-to-earnings ratio of 23.5552 and a beta of 0.59. The company’s 50 day moving average price is $57.77 and its 200-day moving average price is $55.57.

Nike (NYSE:NKE) last released its earnings results on Thursday, June 29th. The footwear maker reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.10. Nike had a return on equity of 34.18% and a net margin of 12.34%. The company had revenue of $8.68 billion for the quarter, compared to analysts’ expectations of $8.63 billion. During the same quarter in the previous year, the firm posted $0.49 EPS. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. Analysts predict that Nike, Inc. will post $2.42 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Tuesday, September 5th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.22%. Nike’s dividend payout ratio is currently 28.69%.

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NKE has been the topic of several recent research reports. Cowen and Company set a $54.00 price objective on Nike and gave the stock a “hold” rating in a report on Friday, August 4th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Nike in a report on Thursday, July 27th. Zacks Investment Research raised Nike from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Guggenheim reaffirmed a “buy” rating and set a $70.00 price objective on shares of Nike in a report on Monday, July 24th. Finally, Stifel Nicolaus set a $66.00 price objective on Nike and gave the stock a “buy” rating in a report on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $61.04.

In related news, insider Eric D. Sprunk sold 112,323 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $58.61, for a total value of $6,583,251.03. Following the sale, the insider now owns 139,551 shares in the company, valued at approximately $8,179,084.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Trevor A. Edwards sold 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $57.63, for a total value of $11,526,000.00. Following the completion of the sale, the insider now owns 729,610 shares in the company, valued at approximately $42,047,424.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 492,360 shares of company stock worth $28,485,174. Insiders own 3.90% of the company’s stock.

Nike Company Profile

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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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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