NKE Stock: Nike, Inc Stake Lowered by Macquarie Group Ltd.

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Macquarie Group Ltd. reduced its stake in shares of Nike, Inc. (NYSE:NKE) by 4.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,741 shares of the footwear maker’s stock after selling 11,473 shares during the quarter. Macquarie Group Ltd.’s holdings in Nike were worth $15,502,000 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 business. Fiduciary Trust Co. boosted its holdings in Nike by 4.9% during the second quarter. Fiduciary Trust Co. now owns 230,463 shares of the footwear maker’s stock worth $13,597,000 after buying an additional 10,840 shares in the last quarter. Sterling Investment Advisors Ltd. lifted its holdings in shares of Nike by 651.4% in the second quarter. Sterling Investment Advisors Ltd. now owns 27,050 shares of the footwear maker’s stock valued at $1,596,000 after purchasing an additional 23,450 shares in the last quarter. Royal Bank of Scotland Group PLC lifted its holdings in shares of Nike by 6.2% in the first quarter. Royal Bank of Scotland Group PLC now owns 207,834 shares of the footwear maker’s stock valued at $11,582,000 after purchasing an additional 12,201 shares in the last quarter. Great Lakes Advisors LLC lifted its holdings in shares of Nike by 4.3% in the second quarter. Great Lakes Advisors LLC now owns 97,145 shares of the footwear maker’s stock valued at $5,732,000 after purchasing an additional 4,030 shares in the last quarter. Finally, North Star Asset Management Inc. lifted its holdings in shares of Nike by 7.8% in the first quarter. North Star Asset Management Inc. now owns 56,732 shares of the footwear maker’s stock valued at $3,162,000 after purchasing an additional 4,129 shares in the last quarter. Institutional investors own 62.78% of the company’s stock.

Shares of Nike, Inc. (NKE) traded up $0.88 during mid-day trading on Friday, reaching $60.60. 6,113,200 shares of the company were exchanged, compared to its average volume of 9,564,397. Nike, Inc. has a fifty-two week low of $50.35 and a fifty-two week high of $61.21. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.67 and a quick ratio of 1.81. The company has a market capitalization of $97,434.20, a price-to-earnings ratio of 25.41, a P/E/G ratio of 2.80 and a beta of 0.64.

Nike (NYSE:NKE) last issued its earnings results on Tuesday, September 26th. The footwear maker reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.09. Nike had a net margin of 11.47% and a return on equity of 31.88%. The company had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $9.08 billion. During the same quarter in the previous year, the company earned $0.73 EPS. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. equities analysts anticipate that Nike, Inc. will post 2.28 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 4th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, December 1st. This is an increase from Nike’s previous quarterly dividend of $0.18. Nike’s payout ratio is currently 34.04%.

In related news, Chairman Mark G. Parker sold 135,000 shares of Nike stock in a transaction dated 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 transaction, the chairman now directly owns 1,637,736 shares of the company’s stock, valued at $90,124,612.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Johnathan A. Rodgers sold 16,000 shares of Nike stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $53.45, for a total value of $855,200.00. Following the completion of the transaction, the director now directly owns 25,660 shares of the company’s stock, valued at $1,371,527. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by insiders.

Several analysts have issued reports on the stock. B. Riley reaffirmed a “neutral” rating on shares of Nike in a report on Wednesday, November 1st. FBR & Co reissued a “hold” rating and issued a $53.00 price objective on shares of Nike in a research report on Thursday, September 14th. Susquehanna Bancshares reissued a “neutral” rating and issued a $64.00 price objective on shares of Nike in a research report on Tuesday, September 19th. Raymond James Financial cut their price objective on shares of Nike from $71.00 to $67.00 and set an “outperform” rating for the company in a research report on Tuesday, September 19th. Finally, Wedbush reaffirmed a “neutral” rating and set a $53.40 price target (up previously from $52.00) on shares of Nike in a research report on Thursday, September 14th. Three analysts have rated the stock with a sell rating, twenty-two have given a hold rating and nineteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $59.01.

About Nike

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.

Institutional Ownership by Quarter for Nike (NYSE:NKE)

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