Norinchukin Bank The Buys 17,843 Shares of Nike, Inc. (NKE)
Norinchukin Bank The increased its stake in shares of Nike, Inc. (NYSE:NKE) by 1.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 941,052 shares of the footwear maker’s stock after purchasing an additional 17,843 shares during the period. Nike accounts for 1.1% of Norinchukin Bank The’s investment portfolio, making the stock its 7th largest position. Norinchukin Bank The owned about 0.07% of Nike worth $55,522,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of NKE. OppenheimerFunds Inc. lifted its holdings in Nike by 7,020.1% during the 1st quarter. OppenheimerFunds Inc. now owns 5,349,793 shares of the footwear maker’s stock worth $298,145,000 after purchasing an additional 5,274,656 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Nike by 25.5% during the 2nd quarter. Alliancebernstein L.P. now owns 14,927,619 shares of the footwear maker’s stock worth $880,730,000 after purchasing an additional 3,033,280 shares in the last quarter. Flossbach Von Storch AG lifted its holdings in Nike by 141.9% during the 2nd quarter. Flossbach Von Storch AG now owns 4,669,950 shares of the footwear maker’s stock worth $275,527,000 after purchasing an additional 2,739,500 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Nike by 5.0% during the 1st quarter. Wellington Management Group LLP now owns 49,907,256 shares of the footwear maker’s stock worth $2,781,332,000 after purchasing an additional 2,375,447 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Nike during the 1st quarter worth about $122,886,000. 62.24% of the stock is currently owned by institutional investors and hedge funds.
In other Nike news, Chairman Mark G. Parker sold 135,000 shares of Nike stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $55.03, for a total value of $7,429,050.00. Following the completion of the sale, the chairman now owns 1,637,736 shares of the company’s stock, valued at approximately $90,124,612.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Johnathan A. Rodgers sold 16,000 shares of Nike stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $53.45, for a total value of $855,200.00. Following the completion of the sale, the director now directly owns 25,660 shares of the company’s stock, valued at approximately $1,371,527. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by company insiders.
A number of brokerages have weighed in on NKE. Zacks Investment Research upgraded Nike from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Citigroup Inc. restated a “buy” rating and issued a $65.00 target price (down from $67.00) on shares of Nike in a research note on Wednesday, September 27th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $58.00 target price (down from $63.00) on shares of Nike in a research note on Monday, August 21st. Vetr lowered Nike from a “buy” rating to a “hold” rating and set a $57.75 target price on the stock. in a research note on Thursday, October 26th. Finally, FBR & Co restated a “hold” rating and issued a $53.00 target price on shares of Nike in a research note on Wednesday, September 27th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and twenty have issued a buy rating to the company. Nike currently has a consensus rating of “Hold” and a consensus price target of $58.93.
ILLEGAL ACTIVITY NOTICE: “Norinchukin Bank The Buys 17,843 Shares of Nike, Inc. (NKE)” was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://www.dailypolitical.com/2017/11/14/norinchukin-bank-the-buys-17843-shares-of-nike-inc-nke.html.
Shares of Nike, Inc. (NYSE:NKE) opened at $55.91 on Tuesday. The company has a market capitalization of $91,511.79, a price-to-earnings ratio of 23.87, a price-to-earnings-growth ratio of 2.62 and a beta of 0.60. Nike, Inc. has a fifty-two week low of $49.75 and a fifty-two week high of $60.53. The company has a quick ratio of 1.81, a current ratio of 2.67 and a debt-to-equity ratio of 0.29.
Nike (NYSE:NKE) last posted its earnings results on Tuesday, September 26th. The footwear maker reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.09. The business had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.08 billion. Nike had a return on equity of 31.88% and a net margin of 11.47%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 EPS. sell-side analysts expect that Nike, Inc. will post 2.29 earnings per share for the current year.
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.
Receive News & Ratings for Nike Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nike Inc. and related companies with MarketBeat.com's FREE daily email newsletter.