KBC Group NV Acquires 16,448 Shares of Nike Inc. (NKE)
KBC Group NV raised its position in Nike Inc. (NYSE:NKE) by 9.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 196,033 shares of the footwear maker’s stock after buying an additional 16,448 shares during the period. KBC Group NV’s holdings in Nike were worth $10,321,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the company. SevenBridge Financial Group LLC purchased a new stake in shares of Nike during the second quarter worth approximately $100,000. Cribstone Capital Management LLC purchased a new stake in shares of Nike during the second quarter worth approximately $106,000. Gierl Augustine Investment Management Inc boosted its stake 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 worth $111,000 after buying an additional 6 shares during the last quarter. Banced Corp purchased a new stake in shares of Nike during the second quarter worth approximately $258,000. Finally, CWM LLC boosted its stake in shares of Nike by 0.3% in the second quarter. CWM LLC now owns 2,227 shares of the footwear maker’s stock worth $123,000 after buying an additional 7 shares during the last quarter. 61.15% of the stock is owned by institutional investors.
Nike Inc. (NYSE:NKE) traded down 0.99% on Monday, reaching $51.01. The company’s stock had a trading volume of 8,135,670 shares. The firm has a 50-day moving average price of $51.17 and a 200 day moving average price of $54.68. The firm has a market capitalization of $84.95 billion, a P/E ratio of 23.02 and a beta of 0.48. Nike Inc. has a 52-week low of $49.01 and a 52-week high of $68.19.
Nike (NYSE:NKE) last issued its quarterly earnings data on Tuesday, September 27th. The footwear maker reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.17. The firm earned $9.06 billion during the quarter. Nike had a return on equity of 30.56% and a net margin of 11.60%. Nike’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.34 EPS. Equities analysts anticipate that Nike Inc. will post $2.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Monday, December 5th will be given a $0.18 dividend. This is a positive change from Nike’s previous quarterly dividend of $0.16. The ex-dividend date is Thursday, December 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.40%. Nike’s dividend payout ratio (DPR) is presently 28.83%.
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A number of equities research analysts have recently commented on the stock. B. Riley cut shares of Nike to a “neutral” rating and set a $62.00 price objective on the stock. in a research note on Wednesday, August 31st. Vetr raised shares of Nike from a “sell” rating to a “hold” rating and set a $54.01 price target on the stock in a research note 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 research note on Thursday, September 22nd. Brean Capital reissued a “hold” rating on shares of Nike in a research note on Wednesday, November 9th. Finally, Wedbush assumed coverage on shares of Nike in a research note 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 assigned a buy rating to the stock. Nike presently has a consensus rating of “Buy” and a consensus target price of $63.43.
In related news, Director John C. Lechleiter acquired 1,000 shares of Nike stock in a transaction that occurred on Friday, September 30th. The stock was acquired at an average price of $52.72 per share, for a total transaction of $52,720.00. Following the transaction, the director now directly owns 27,560 shares of the company’s stock, valued at approximately $1,452,963.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Mark G. Parker sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $49.78, for a total value of $7,467,000.00. Following the transaction, the chairman now owns 1,985,225 shares of the company’s stock, valued at approximately $98,824,500.50. The disclosure for this sale can be found here. 3.90% of the stock is owned by insiders.
Nike Company Profile
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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