2,270 Shares in NIKE, Inc. (NYSE:NKE) Bought by Buckhead Capital Management LLC


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Buckhead Capital Management LLC purchased a new position in NIKE, Inc. (NYSE:NKE) in the fourth quarter, Holdings Channel.com reports. The fund purchased 2,270 shares of the footwear maker’s stock, valued at approximately $321,000.

Other hedge funds have also made changes to their positions in the company. Altium Wealth Management LLC lifted its stake in NIKE by 7.4% in the fourth quarter. Altium Wealth Management LLC now owns 13,338 shares of the footwear maker’s stock worth $1,887,000 after acquiring an additional 916 shares during the period. Ninety One North America Inc. lifted its stake in NIKE by 4.4% in the fourth quarter. Ninety One North America Inc. now owns 58,681 shares of the footwear maker’s stock worth $8,302,000 after acquiring an additional 2,496 shares during the period. EFG Asset Management Americas Corp. lifted its stake in NIKE by 4.4% in the fourth quarter. EFG Asset Management Americas Corp. now owns 60,956 shares of the footwear maker’s stock worth $8,629,000 after acquiring an additional 2,559 shares during the period. Toronto Dominion Bank lifted its stake in NIKE by 59.6% in the fourth quarter. Toronto Dominion Bank now owns 1,529,403 shares of the footwear maker’s stock worth $216,354,000 after acquiring an additional 571,274 shares during the period. Finally, Strs Ohio lifted its stake in NIKE by 2.5% in the fourth quarter. Strs Ohio now owns 1,161,561 shares of the footwear maker’s stock worth $164,326,000 after acquiring an additional 27,941 shares during the period. 64.20% of the stock is owned by institutional investors.

NKE stock opened at $136.67 on Tuesday. NIKE, Inc. has a twelve month low of $60.00 and a twelve month high of $147.95. The company has a quick ratio of 1.97, a current ratio of 2.66 and a debt-to-equity ratio of 0.88. The stock has a market cap of $215.46 billion, a P/E ratio of 78.10, a PEG ratio of 2.51 and a beta of 0.83. The business’s 50-day moving average price is $141.23 and its 200-day moving average price is $129.43.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, December 17th. The footwear maker reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.15. NIKE had a return on equity of 34.89% and a net margin of 7.39%. The firm had revenue of $11.24 billion for the quarter, compared to analysts’ expectations of $10.51 billion. During the same period in the previous year, the firm earned $0.70 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. On average, equities research analysts expect that NIKE, Inc. will post 2.96 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 1st. Stockholders of record on Monday, March 1st will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, February 26th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.80%. NIKE’s payout ratio is currently 59.46%.

In related news, Chairman Mark G. Parker sold 130,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 30th. The stock was sold at an average price of $141.27, for a total value of $18,365,100.00. Following the transaction, the chairman now directly owns 1,532,001 shares of the company’s stock, valued at approximately $216,425,781.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Chris L. Abston sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 30th. The stock was sold at an average price of $142.16, for a total value of $2,843,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 444,500 shares of company stock worth $62,461,870. Insiders own 3.80% of the company’s stock.

NKE has been the subject of several recent research reports. KeyCorp raised their price objective on NIKE from $174.00 to $180.00 and gave the company an “overweight” rating in a research report on Monday, January 25th. Wedbush raised their price objective on NIKE from $142.00 to $152.00 and gave the company an “outperform” rating in a research report on Friday, December 11th. Wells Fargo & Company raised their price objective on NIKE from $146.00 to $157.00 and gave the company an “overweight” rating in a research report on Monday, December 21st. JPMorgan Chase & Co. set a $170.00 price objective on NIKE and gave the company a “buy” rating in a research report on Monday, January 4th. Finally, Smith Barney Citigroup raised their price objective on NIKE from $137.00 to $157.00 in a research report on Monday, December 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $154.63.

About NIKE

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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