Nationwide Fund Advisors grew its holdings in Nike Inc (NYSE:NKE) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 421,639 shares of the footwear maker’s stock after buying an additional 10,127 shares during the quarter. Nationwide Fund Advisors’ holdings in Nike were worth $21,862,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Asset Planning Services Ltd. increased its position in shares of Nike by 0.3% during the 2nd quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock worth $126,000 after purchasing an additional 7 shares in the last quarter. Atlantic Trust LLC acquired a new stake in shares of Nike during the 2nd quarter worth about $136,000. Howe & Rusling Inc. increased its position in shares of Nike by 751.3% during the 3rd quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock worth $137,000 after purchasing an additional 2,329 shares in the last quarter. Kistler Tiffany Companies LLC increased its position in shares of Nike by 91.7% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock worth $149,000 after purchasing an additional 1,209 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of Nike by 7.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,780 shares of the footwear maker’s stock worth $164,000 after purchasing an additional 201 shares in the last quarter. Institutional investors own 62.78% of the company’s stock.

In related news, EVP Monique S. Matheson sold 10,000 shares of Nike stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $62.00, for a total transaction of $620,000.00. Following the transaction, the executive vice president now owns 23,248 shares of the company’s stock, valued at approximately $1,441,376. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Mark G. Parker sold 135,000 shares of Nike stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $55.03, for a total transaction of $7,429,050.00. Following the transaction, the chairman now directly owns 1,637,736 shares in the company, valued at approximately $90,124,612.08. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by company insiders.

NKE has been the subject of a number of recent analyst reports. BidaskClub cut shares of Nike from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Vetr upgraded shares of Nike from a “hold” rating to a “buy” rating and set a $59.74 target price for the company in a research report on Monday, August 21st. Jefferies Group cut shares of Nike from a “buy” rating to a “hold” rating and dropped their target price for the stock from $75.00 to $60.00 in a research report on Monday, August 21st. Goldman Sachs Group reiterated a “buy” rating and set a $58.00 target price (down previously from $63.00) on shares of Nike in a research report on Monday, August 21st. Finally, Stifel Nicolaus reissued a “buy” rating and set a $66.00 price objective on shares of Nike in a report on Thursday, August 24th. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-one have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $60.14.

Shares of Nike Inc (NYSE NKE) traded up $2.13 during midday trading on Thursday, hitting $64.30. 16,072,500 shares of the stock traded hands, compared to its average volume of 9,565,464. The company has a market cap of $105,440.00, a price-to-earnings ratio of 26.46, a PEG ratio of 2.91 and a beta of 0.64. The company has a quick ratio of 1.81, a current ratio of 2.67 and a debt-to-equity ratio of 0.29. Nike Inc has a one year low of $50.35 and a one year high of $64.46.

Nike (NYSE:NKE) last issued its earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.09. The company had revenue of $9.07 billion for the quarter, compared to analyst estimates of $9.08 billion. Nike had a net margin of 11.47% and a return on equity of 31.88%. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the firm earned $0.73 EPS. equities research analysts expect that Nike Inc will post 2.28 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 4th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, December 1st. This is a positive change from Nike’s previous quarterly dividend of $0.18. Nike’s dividend payout ratio (DPR) is 34.19%.

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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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