South Dakota Investment Council Boosts Holdings in Nike Inc (NYSE:NKE)

South Dakota Investment Council raised its position in Nike Inc (NYSE:NKE) by 152.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,814 shares of the footwear maker’s stock after purchasing an additional 19,814 shares during the period. South Dakota Investment Council’s holdings in Nike were worth $1,701,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of NKE. Vanguard Group Inc. increased its position in shares of Nike by 2.5% in the second quarter. Vanguard Group Inc. now owns 99,605,408 shares of the footwear maker’s stock valued at $5,876,718,000 after acquiring an additional 2,452,993 shares during the period. Capital Research Global Investors increased its position in shares of Nike by 10.4% in the second quarter. Capital Research Global Investors now owns 24,135,396 shares of the footwear maker’s stock valued at $1,423,988,000 after acquiring an additional 2,274,869 shares during the period. Capital World Investors increased its position in shares of Nike by 58.7% in the second quarter. Capital World Investors now owns 21,779,409 shares of the footwear maker’s stock valued at $1,284,985,000 after acquiring an additional 8,058,601 shares during the period. Northern Trust Corp increased its position in shares of Nike by 6.7% in the second quarter. Northern Trust Corp now owns 21,502,892 shares of the footwear maker’s stock valued at $1,268,671,000 after acquiring an additional 1,344,638 shares during the period. Finally, Janus Henderson Group PLC increased its position in shares of Nike by 4,252.6% in the second quarter. Janus Henderson Group PLC now owns 16,619,387 shares of the footwear maker’s stock valued at $980,539,000 after acquiring an additional 16,237,557 shares during the period. 62.97% of the stock is owned by institutional investors.

Shares of Nike Inc (NKE) traded up $0.89 during mid-day trading on Wednesday, reaching $68.22. 11,036,394 shares of the company’s stock were exchanged, compared to its average volume of 8,440,000. The company has a current ratio of 2.46, a quick ratio of 1.67 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $111,300.00, a PE ratio of 29.53, a P/E/G ratio of 3.06 and a beta of 0.64. Nike Inc has a twelve month low of $50.35 and a twelve month high of $68.83.

Nike (NYSE:NKE) last announced its quarterly earnings data on Thursday, December 21st. The footwear maker reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.06. The firm had revenue of $8.55 billion during 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 company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.50 earnings per share. sell-side analysts predict that Nike Inc will post 2.25 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 4th were paid a $0.20 dividend. The ex-dividend date was Friday, December 1st. This is a boost from Nike’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.17%. Nike’s dividend payout ratio is 34.63%.

In related news, EVP Monique S. Matheson sold 10,000 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $62.00, for a total transaction of $620,000.00. Following the completion of the transaction, the executive vice president now owns 23,248 shares in the company, valued at $1,441,376. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 135,000 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $65.00, for a total transaction of $8,775,000.00. Following the transaction, the chairman now owns 1,502,830 shares of the company’s stock, valued at approximately $97,683,950. The disclosure for this sale can be found here. Over the last three months, insiders sold 832,896 shares of company stock valued at $52,828,217. Corporate insiders own 3.90% of the company’s stock.

NKE has been the topic of several research analyst reports. Deutsche Bank set a $61.00 price target on shares of Nike and gave the company a “buy” rating in a research report on Thursday, October 26th. Buckingham Research set a $64.00 price target on shares of Nike and gave the company a “buy” rating in a research report on Tuesday, October 17th. Citigroup reissued a “buy” rating and set a $65.00 price objective on shares of Nike in a research note on Monday, October 16th. Robert W. Baird reissued a “buy” rating on shares of Nike in a research note on Friday, October 13th. Finally, Vetr raised shares of Nike from a “hold” rating to a “buy” rating and set a $58.95 price objective on the stock in a research note on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twenty-two have assigned a buy rating to the company. Nike currently has a consensus rating of “Hold” and a consensus target price of $65.05.

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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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