Personal Capital Advisors Corp lifted its position in shares of Nike Inc (NYSE:NKE) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,656 shares of the footwear maker’s stock after acquiring an additional 298 shares during the quarter. Personal Capital Advisors Corp’s holdings in Nike were worth $493,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the stock. Resources Management Corp CT ADV purchased a new stake in shares of Nike during the 3rd quarter worth $113,000. G&S Capital LLC lifted its position in shares of Nike by 14.4% during the 4th quarter. G&S Capital LLC now owns 1,522 shares of the footwear maker’s stock worth $113,000 after purchasing an additional 191 shares during the last quarter. Stelac Advisory Services LLC purchased a new stake in shares of Nike during the 3rd quarter worth $115,000. Highwater Wealth Management LLC purchased a new stake in Nike in the fourth quarter valued at $116,000. Finally, Polaris Greystone Financial Group LLC purchased a new stake in Nike in the third quarter valued at $119,000. 64.78% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:NKE traded down $0.03 during trading hours on Friday, reaching $82.36. 3,786,506 shares of the company were exchanged, compared to its average volume of 5,910,714. Nike Inc has a 52-week low of $62.84 and a 52-week high of $86.04. The company has a market cap of $129.62 billion, a P/E ratio of 34.03, a P/E/G ratio of 2.54 and a beta of 0.69. The company has a quick ratio of 1.40, a current ratio of 2.14 and a debt-to-equity ratio of 0.40.
Nike (NYSE:NKE) last released its quarterly earnings data on Thursday, December 20th. The footwear maker reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.06. Nike had a net margin of 5.66% and a return on equity of 44.85%. The company had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.17 billion. During the same quarter in the prior year, the business earned $0.46 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. Research analysts forecast that Nike Inc will post 2.63 earnings per share for the current fiscal year.
In other news, Chairman Mark G. Parker sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $82.00, for a total value of $12,300,000.00. Following the transaction, the chairman now directly owns 1,539,963 shares in the company, valued at approximately $126,276,966. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John F. Slusher sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $74.05, for a total transaction of $14,810,000.00. Following the completion of the transaction, the executive vice president now owns 284,805 shares in the company, valued at $21,089,810.25. The disclosure for this sale can be found here. Insiders have sold a total of 800,000 shares of company stock worth $61,862,000 over the last quarter. 3.90% of the stock is currently owned by insiders.
A number of brokerages recently weighed in on NKE. Zacks Investment Research cut shares of Nike from a “hold” rating to a “sell” rating in a research report on Tuesday, November 27th. Macquarie set a $98.00 price objective on shares of Nike and gave the company a “buy” rating in a research note on Tuesday, November 20th. Oppenheimer lifted their price objective on shares of Nike from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday. UBS Group lifted their price objective on shares of Nike from $77.00 to $78.00 and gave the company a “neutral” rating in a research note on Friday, December 21st. Finally, Stifel Nicolaus restated a “buy” rating on shares of Nike in a research note on Thursday, December 20th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-five have given a buy rating to the company. Nike has a consensus rating of “Buy” and a consensus target price of $84.19.
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: 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, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.
Further Reading: Balance Sheet