Nike Inc (NKE) Position Raised by Empirical Financial Services LLC
Empirical Financial Services LLC increased its stake in Nike Inc (NYSE:NKE) by 15.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,729 shares of the footwear maker’s stock after acquiring an additional 1,705 shares during the quarter. Empirical Financial Services LLC’s holdings in Nike were worth $796,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of NKE. Vanguard Group Inc. grew its holdings in shares of Nike by 2.5% during the second quarter. Vanguard Group Inc. now owns 99,605,408 shares of the footwear maker’s stock worth $5,876,718,000 after buying an additional 2,452,993 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Nike by 10.4% during the second quarter. Capital Research Global Investors now owns 24,135,396 shares of the footwear maker’s stock worth $1,423,988,000 after buying an additional 2,274,869 shares in the last quarter. Capital World Investors grew its holdings in shares of Nike by 58.7% during the second quarter. Capital World Investors now owns 21,779,409 shares of the footwear maker’s stock worth $1,284,985,000 after buying an additional 8,058,601 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Nike by 6.7% during the second quarter. Northern Trust Corp now owns 21,502,892 shares of the footwear maker’s stock worth $1,268,671,000 after buying an additional 1,344,638 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Nike by 4,252.6% during the second quarter. Janus Henderson Group PLC now owns 16,619,387 shares of the footwear maker’s stock worth $980,539,000 after buying an additional 16,237,557 shares in the last quarter. 65.76% of the stock is owned by institutional investors.
A number of equities research analysts have recently issued reports on the stock. Credit Suisse Group assumed coverage on shares of Nike in a report on Monday. They set an “outperform” rating and a $78.00 target price for the company. Wedbush reaffirmed an “outperform” rating and set a $74.00 target price on shares of Nike in a report on Monday. JPMorgan Chase & Co. set a $58.00 target price on shares of Nike and gave the stock a “neutral” rating in a report on Monday, March 5th. Zacks Investment Research lowered shares of Nike from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Finally, Stifel Nicolaus boosted their price target on shares of Nike from $74.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-four have given a buy rating to the stock. Nike currently has an average rating of “Buy” and a consensus price target of $66.10.
Shares of Nike Inc (NYSE NKE) opened at $66.17 on Wednesday. The stock has a market cap of $108,712.06, a PE ratio of 28.93, a PEG ratio of 3.02 and a beta of 0.68. Nike Inc has a 1 year low of $50.35 and a 1 year high of $70.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.67 and a current ratio of 2.46.
Nike (NYSE:NKE) last issued its quarterly earnings results on Thursday, December 21st. The footwear maker reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.06. The business had revenue of $8.55 billion for the quarter, compared to analysts’ expectations of $8.39 billion. Nike had a net margin of 11.13% and a return on equity of 31.64%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 earnings per share. research analysts expect that Nike Inc will post 2.25 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 5th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, March 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.21%. Nike’s dividend payout ratio is presently 34.63%.
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.
Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nike Inc (NYSE:NKE).
Receive News & Ratings for Nike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nike and related companies with MarketBeat.com's FREE daily email newsletter.