MUFG Securities EMEA plc raised its stake in shares of Nike (NYSE:NKE) by 63.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 196,700 shares of the footwear maker’s stock after purchasing an additional 76,700 shares during the period. MUFG Securities EMEA plc’s holdings in Nike were worth $12,304,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. Boys Arnold & Co. Inc. lifted its position in Nike by 1.8% in the 2nd quarter. Boys Arnold & Co. Inc. now owns 22,261 shares of the footwear maker’s stock valued at $1,313,000 after acquiring an additional 383 shares in the last quarter. Airain ltd bought a new position in Nike in the 2nd quarter valued at about $3,189,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Nike by 15.7% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 311,645 shares of the footwear maker’s stock valued at $18,387,000 after acquiring an additional 42,388 shares in the last quarter. Windsor Capital Management LLC lifted its position in Nike by 55.9% in the 2nd quarter. Windsor Capital Management LLC now owns 8,120 shares of the footwear maker’s stock valued at $479,000 after acquiring an additional 2,912 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in Nike by 8.4% in the 2nd quarter. Pacer Advisors Inc. now owns 30,447 shares of the footwear maker’s stock valued at $1,796,000 after acquiring an additional 2,349 shares in the last quarter. 65.76% of the stock is owned by institutional investors and hedge funds.
NKE has been the topic of several recent research reports. HSBC cut shares of Nike from a “buy” rating to a “hold” rating and raised their price target for the company from $58.95 to $62.00 in a research report on Tuesday, November 28th. OTR Global raised shares of Nike to a “positive” rating in a research report on Monday, December 11th. Susquehanna Bancshares reissued a “hold” rating and set a $57.00 target price on shares of Nike in a research report on Wednesday, December 13th. Vetr cut shares of Nike from a “hold” rating to a “sell” rating and set a $59.88 target price on the stock. in a research report on Thursday, December 14th. Finally, DA Davidson set a $68.00 price target on shares of Nike and gave the stock a “buy” rating in a report on Thursday, December 14th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $66.10.
Shares of Nike (NYSE:NKE) opened at $65.91 on Friday. The firm has a market cap of $108,012.48, a PE ratio of 28.53, a price-to-earnings-growth ratio of 3.00 and a beta of 0.68. The company has a quick ratio of 1.67, a current ratio of 2.46 and a debt-to-equity ratio of 0.30. Nike has a fifty-two week low of $50.35 and a fifty-two week high of $70.25.
Nike (NYSE:NKE) last announced its quarterly earnings data on Thursday, December 21st. The footwear maker reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.06. The business had revenue of $8.55 billion for the quarter, compared to analysts’ expectations of $8.39 billion. Nike had a net margin of 11.13% and a return on equity of 31.64%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.50 earnings per share. equities analysts expect that Nike will post 2.26 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 5th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, March 2nd. Nike’s payout ratio is 34.63%.
Nike Company Profile
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. It offers NIKE brand products in nine categories: running, NIKE basketball, the Jordan brand, football, men's training, women's training, action sports, sportswear, and golf.
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