Zevin Asset Management LLC maintained its position in shares of Nike, Inc. (NYSE:NKE) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,800 shares of the footwear maker’s stock at the end of the first quarter. Zevin Asset Management LLC’s holdings in Nike were worth $268,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Zurich Insurance Group Ltd FI boosted its position in Nike by 5.1% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 168,819 shares of the footwear maker’s stock worth $8,581,000 after buying an additional 8,219 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Nike by 64.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 690,626 shares of the footwear maker’s stock worth $35,104,000 after buying an additional 269,842 shares during the last quarter. Tyers Asset Management LLC bought a new stake in shares of Nike during the fourth quarter worth $12,834,000. Parallel Advisors LLC bought a new stake in shares of Nike during the fourth quarter worth $813,000. Finally, Sand Hill Global Advisors LLC raised its stake in shares of Nike by 2.4% in the fourth quarter. Sand Hill Global Advisors LLC now owns 89,486 shares of the footwear maker’s stock worth $4,549,000 after buying an additional 2,074 shares during the last quarter. Institutional investors own 64.77% of the company’s stock.

Nike, Inc. (NYSE:NKE) traded up 0.05% during trading on Monday, hitting $59.79. 3,984,257 shares of the stock traded hands. Nike, Inc. has a 12 month low of $49.01 and a 12 month high of $60.33. The firm’s 50-day moving average is $56.38 and its 200-day moving average is $55.29. The stock has a market cap of $98.25 billion, a P/E ratio of 23.82 and a beta of 0.59.

Nike (NYSE:NKE) last released its quarterly earnings data on Thursday, June 29th. The footwear maker reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.10. The business had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.63 billion. Nike had a return on equity of 34.18% and a net margin of 12.34%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS. On average, analysts forecast that Nike, Inc. will post $2.42 EPS for the current year.

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Several equities research analysts recently commented on the stock. Jefferies Group LLC reissued a “buy” rating and set a $75.00 price objective on shares of Nike in a research note on Friday, May 5th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $56.00 target price on shares of Nike in a report on Wednesday, June 21st. Credit Suisse Group set a $63.00 target price on shares of Nike and gave the stock a “buy” rating in a report on Saturday, June 24th. UBS AG reissued a “buy” rating and set a $62.00 price objective (down from $63.00) on shares of Nike in a report on Tuesday, June 27th. Finally, Nomura reissued a “buy” rating and set a $60.00 price objective on shares of Nike in a report on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $61.04.

In related news, CFO Andrew Campion sold 5,722 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $59.40, for a total transaction of $339,886.80. Following the sale, the chief financial officer now directly owns 34,976 shares in the company, valued at approximately $2,077,574.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Eric D. Sprunk sold 50,000 shares of Nike stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $59.00, for a total value of $2,950,000.00. Following the sale, the insider now owns 300,108 shares in the company, valued at $17,706,372. The disclosure for this sale can be found here. Insiders sold a total of 492,360 shares of company stock worth $28,485,174 over the last ninety days. Corporate insiders own 3.90% of the company’s stock.

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.

Institutional Ownership by Quarter for Nike (NYSE:NKE)

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