Whittier Trust Co. boosted its stake in shares of Nike Inc (NYSE:NKE) by 1.1% in the first quarter, HoldingsChannel.com reports. The firm owned 364,200 shares of the footwear maker’s stock after acquiring an additional 4,011 shares during the period. Nike comprises about 0.9% of Whittier Trust Co.’s holdings, making the stock its 24th biggest position. Whittier Trust Co.’s holdings in Nike were worth $30,669,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently made changes to their positions in the business. Standard Life Aberdeen plc lifted its position in shares of Nike by 10.3% during the third quarter. Standard Life Aberdeen plc now owns 403,034 shares of the footwear maker’s stock worth $34,145,000 after purchasing an additional 37,643 shares in the last quarter. Vanguard Group Inc lifted its holdings in Nike by 1.2% in the third quarter. Vanguard Group Inc now owns 102,670,288 shares of the footwear maker’s stock worth $8,698,227,000 after purchasing an additional 1,207,986 shares during the period. North Star Investment Management Corp. lifted its holdings in Nike by 6.6% in the fourth quarter. North Star Investment Management Corp. now owns 7,809 shares of the footwear maker’s stock worth $579,000 after purchasing an additional 485 shares during the period. Moody National Bank Trust Division lifted its holdings in Nike by 218.8% in the fourth quarter. Moody National Bank Trust Division now owns 2,805 shares of the footwear maker’s stock worth $208,000 after purchasing an additional 1,925 shares during the period. Finally, CENTRAL TRUST Co lifted its holdings in Nike by 2.2% in the fourth quarter. CENTRAL TRUST Co now owns 43,447 shares of the footwear maker’s stock worth $3,222,000 after purchasing an additional 917 shares during the period. 65.78% of the stock is owned by hedge funds and other institutional investors.
NYSE NKE traded down $1.08 on Thursday, hitting $81.69. 163,670 shares of the company were exchanged, compared to its average volume of 6,641,543. The company has a current ratio of 2.17, a quick ratio of 1.43 and a debt-to-equity ratio of 0.39. The company has a market cap of $130.09 billion, a PE ratio of 33.86, a PEG ratio of 2.58 and a beta of 0.67. Nike Inc has a twelve month low of $66.53 and a twelve month high of $90.00.
Nike (NYSE:NKE) last posted its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.03. The firm had revenue of $9.61 billion for the quarter, compared to the consensus estimate of $9.60 billion. Nike had a return on equity of 45.78% and a net margin of 10.79%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.68 EPS. Research analysts forecast that Nike Inc will post 2.55 EPS for the current fiscal year.
Several equities research analysts recently weighed in on NKE shares. Morgan Stanley set a $103.00 price objective on shares of Nike and gave the stock a “buy” rating in a report on Friday, March 22nd. Cowen set a $90.00 price objective on shares of Nike and gave the stock a “buy” rating in a report on Friday, March 22nd. Wells Fargo & Co upped their price objective on shares of Nike from $76.00 to $80.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. Robert W. Baird downgraded shares of Nike from an “outperform” rating to a “neutral” rating and set a $76.62 price target for the company. in a report on Wednesday, January 9th. They noted that the move was a valuation call. Finally, Bank of America upped their price target on shares of Nike from $55.00 to $60.00 and gave the company an “underperform” rating in a report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $87.10.
In other Nike news, EVP John F. Slusher sold 110,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $85.02, for a total transaction of $9,352,200.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Monique S. Matheson sold 16,500 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $88.21, for a total value of $1,455,465.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 166,504 shares of company stock worth $14,320,816. Corporate insiders own 3.90% of the company’s stock.
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.
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