Nike, Inc. (NKE) Shares Bought by KBC Group NV
KBC Group NV grew its position in Nike, Inc. (NYSE:NKE) by 1.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 411,989 shares of the footwear maker’s stock after buying an additional 7,825 shares during the quarter. KBC Group NV’s holdings in Nike were worth $24,308,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in NKE. OppenheimerFunds Inc. increased its position in Nike by 7,020.1% during the 1st quarter. OppenheimerFunds Inc. now owns 5,349,793 shares of the footwear maker’s stock worth $298,145,000 after purchasing an additional 5,274,656 shares in the last quarter. Flossbach Von Storch AG increased its position in Nike by 141.9% during the 2nd quarter. Flossbach Von Storch AG now owns 4,669,950 shares of the footwear maker’s stock worth $275,527,000 after purchasing an additional 2,739,500 shares in the last quarter. Wellington Management Group LLP increased its position in Nike by 5.0% during the 1st quarter. Wellington Management Group LLP now owns 49,907,256 shares of the footwear maker’s stock worth $2,781,332,000 after purchasing an additional 2,375,447 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in Nike during the 1st quarter worth about $122,886,000. Finally, Harbour Capital Advisors LLC increased its position in Nike by 5,753.4% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,925,583 shares of the footwear maker’s stock worth $32,637,000 after purchasing an additional 1,892,686 shares in the last quarter. Institutional investors and hedge funds own 62.55% of the company’s stock.
Nike, Inc. (NYSE:NKE) opened at 51.37 on Tuesday. The company has a market capitalization of $84.20 billion, a P/E ratio of 21.87 and a beta of 0.61. The company’s 50-day moving average price is $52.64 and its 200-day moving average price is $54.80. Nike, Inc. has a 52 week low of $49.01 and a 52 week high of $60.53.
Nike (NYSE:NKE) last announced its quarterly earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.09. The firm had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $9.08 billion. Nike had a return on equity of 31.88% and a net margin of 11.47%. The business’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 earnings per share. On average, equities analysts forecast that Nike, Inc. will post $2.32 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Tuesday, September 5th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, August 31st. Nike’s dividend payout ratio (DPR) is presently 30.64%.
In other Nike news, insider Eric D. Sprunk sold 112,323 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $58.61, for a total transaction of $6,583,251.03. Following the transaction, the insider now owns 139,551 shares of the company’s stock, valued at $8,179,084.11. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Andrew Campion sold 5,722 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $59.40, for a total value of $339,886.80. Following the transaction, the chief financial officer now directly owns 34,976 shares in the company, valued at approximately $2,077,574.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 134,045 shares of company stock worth $7,778,338. Company insiders own 3.90% of the company’s stock.
A number of analysts recently commented on the company. Stifel Nicolaus set a $66.00 price objective on Nike and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Piper Jaffray Companies set a $53.00 price objective on Nike and gave the stock a “hold” rating in a research report on Saturday, July 22nd. Guggenheim reiterated a “buy” rating and set a $70.00 price objective on shares of Nike in a research report on Monday, July 24th. Cowen and Company set a $54.00 price objective on Nike and gave the stock a “hold” rating in a research report on Friday, August 4th. Finally, Barclays PLC reiterated an “overweight” rating and set a $65.00 price objective on shares of Nike in a research report on Friday, June 30th. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $59.14.
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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