Nike Inc. (NKE) Stake Held by Pensionfund DSM Netherlands
Pensionfund DSM Netherlands held its position in shares of Nike Inc. (NYSE:NKE) during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 85,200 shares of the footwear maker’s stock at the end of the third quarter. Pensionfund DSM Netherlands’ holdings in Nike were worth $4,486,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in NKE. SevenBridge Financial Group LLC bought a new position in shares of Nike during the second quarter valued at $100,000. Cribstone Capital Management LLC bought a new position in shares of Nike during the second quarter valued at $106,000. Gierl Augustine Investment Management Inc raised its position in shares of Nike by 0.3% in the second quarter. Gierl Augustine Investment Management Inc now owns 2,003 shares of the footwear maker’s stock valued at $111,000 after buying an additional 6 shares during the last quarter. Banced Corp bought a new position in shares of Nike during the second quarter valued at $258,000. Finally, CWM LLC raised its position in shares of Nike by 0.3% in the second quarter. CWM LLC now owns 2,227 shares of the footwear maker’s stock valued at $123,000 after buying an additional 7 shares during the last quarter. Institutional investors and hedge funds own 61.15% of the company’s stock.
Shares of Nike Inc. (NYSE:NKE) traded down 0.74% during midday trading on Tuesday, hitting $50.63. 6,063,464 shares of the company were exchanged. The firm has a market cap of $84.32 billion, a P/E ratio of 22.85 and a beta of 0.48. Nike Inc. has a one year low of $49.01 and a one year high of $68.19. The company’s 50 day moving average price is $51.15 and its 200 day moving average price is $54.58.
Nike (NYSE:NKE) last issued its quarterly earnings results on Tuesday, September 27th. The footwear maker reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.17. The company had revenue of $9.06 billion for the quarter. Nike had a return on equity of 30.56% and a net margin of 11.60%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.34 earnings per share. Equities analysts expect that Nike Inc. will post $2.37 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Monday, December 5th will be given a $0.18 dividend. This is an increase from Nike’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 1.42%. The ex-dividend date is Thursday, December 1st. Nike’s payout ratio is currently 28.83%.
Several research analysts recently commented on NKE shares. B. Riley lowered shares of Nike to a “neutral” rating and set a $62.00 price target on the stock. in a report on Wednesday, August 31st. Vetr upgraded shares of Nike from a “sell” rating to a “hold” rating and set a $54.01 price target on the stock in a report on Wednesday, August 3rd. Piper Jaffray Cos. set a $58.00 price target on shares of Nike and gave the company a “hold” rating in a report on Thursday, September 22nd. Brean Capital restated a “hold” rating on shares of Nike in a report on Wednesday, November 9th. Finally, Wedbush started coverage on shares of Nike in a report on Tuesday, November 1st. They issued a “neutral” rating and a $53.00 price target on the stock. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-two have given a buy rating to the company. Nike has a consensus rating of “Buy” and a consensus target price of $63.43.
In other Nike news, Director John C. Lechleiter purchased 1,000 shares of the company’s stock in a transaction on Friday, September 30th. The shares were bought at an average cost of $52.72 per share, with a total value of $52,720.00. Following the transaction, the director now directly owns 27,560 shares in the company, valued at approximately $1,452,963.20. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Mark G. Parker sold 150,000 shares of Nike stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $49.78, for a total value of $7,467,000.00. Following the completion of the transaction, the chairman now directly owns 1,985,225 shares in the company, valued at $98,824,500.50. The disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.
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.
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