Nike, Inc. (NYSE:NKE) Shares Bought by Rothschild Investment Corp IL
Rothschild Investment Corp IL boosted its position in Nike, Inc. (NYSE:NKE) by 10.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,894 shares of the footwear maker’s stock after buying an additional 1,275 shares during the period. Rothschild Investment Corp IL’s holdings in Nike were worth $820,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of NKE. Macquarie Group Ltd. increased its stake in Nike by 41.0% in the fourth quarter. Macquarie Group Ltd. now owns 209,770 shares of the footwear maker’s stock worth $10,663,000 after buying an additional 61,015 shares during the last quarter. Addenda Capital Inc. increased its stake in Nike by 0.4% in the first quarter. Addenda Capital Inc. now owns 205,617 shares of the footwear maker’s stock worth $11,428,000 after buying an additional 748 shares during the last quarter. Vontobel Asset Management Inc. increased its stake in Nike by 22.9% in the first quarter. Vontobel Asset Management Inc. now owns 4,423,909 shares of the footwear maker’s stock worth $254,710,000 after buying an additional 823,384 shares during the last quarter. Country Club Trust Company n.a. purchased a new stake in Nike during the first quarter worth approximately $253,000. Finally, National Pension Service increased its stake in Nike by 6.8% in the first quarter. National Pension Service now owns 985,191 shares of the footwear maker’s stock worth $55,210,000 after buying an additional 62,631 shares during the last quarter. Institutional investors own 64.77% of the company’s stock.
Shares of Nike, Inc. (NYSE NKE) traded down 0.17% during mid-day trading on Friday, hitting $58.97. 4,979,994 shares of the company’s stock traded hands. The company has a market cap of $96.90 billion, a PE ratio of 23.49 and a beta of 0.59. Nike, Inc. has a 52 week low of $49.01 and a 52 week high of $60.53. The firm has a 50-day moving average of $57.96 and a 200 day moving average of $55.61.
Nike (NYSE:NKE) last announced its earnings results on Thursday, June 29th. The footwear maker reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.10. Nike had a net margin of 12.34% and a return on equity of 34.18%. The business had revenue of $8.68 billion during the quarter, compared to the consensus estimate of $8.63 billion. During the same quarter last year, the firm earned $0.49 earnings per share. Nike’s quarterly revenue was up 5.3% on a year-over-year basis. Equities research analysts predict that Nike, Inc. will post $2.42 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Tuesday, September 5th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Thursday, August 31st. Nike’s dividend payout ratio is presently 28.69%.
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A number of equities analysts have recently weighed in on NKE shares. Vetr cut Nike from a “buy” rating to a “hold” rating and set a $58.44 price target for the company. in a report on Monday, April 17th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $62.00 price target on shares of Nike in a report on Tuesday, April 18th. Deutsche Bank AG reissued a “buy” rating and issued a $64.00 price target on shares of Nike in a report on Saturday, April 22nd. Jefferies Group LLC reissued a “buy” rating and issued a $75.00 price target on shares of Nike in a report on Friday, May 5th. Finally, Nomura reissued a “buy” rating on shares of Nike in a report on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-two have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $61.04.
In other Nike news, CFO Andrew Campion sold 96,243 shares of the firm’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $56.68, for a total value of $5,455,053.24. Following the completion of the sale, the chief financial officer now directly owns 50,246 shares in the company, valued at $2,847,943.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Trevor A. Edwards sold 200,000 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $57.63, for a total transaction of $11,526,000.00. Following the completion of the sale, the insider now owns 729,610 shares of the company’s stock, valued at $42,047,424.30. The disclosure for this sale can be found here. Insiders have sold 492,360 shares of company stock valued at $28,485,174 in the last three months. 3.90% of the stock is owned by insiders.
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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