Brown Advisory Inc. raised its stake in shares of Nike Inc (NYSE:NKE) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 242,053 shares of the footwear maker’s stock after purchasing an additional 12,826 shares during the period. Brown Advisory Inc.’s holdings in Nike were worth $17,946,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Next Capital Management LLC acquired a new stake in shares of Nike in the fourth quarter worth $26,000. Gemmer Asset Management LLC grew its stake in shares of Nike by 54.2% in the fourth quarter. Gemmer Asset Management LLC now owns 427 shares of the footwear maker’s stock worth $32,000 after acquiring an additional 150 shares during the last quarter. Acima Private Wealth LLC acquired a new stake in shares of Nike in the fourth quarter worth $39,000. Proffitt & Goodson Inc. acquired a new stake in shares of Nike in the fourth quarter worth $44,000. Finally, Athena Capital Advisors LLC acquired a new stake in shares of Nike in the fourth quarter worth $56,000. Institutional investors own 64.77% of the company’s stock.

Nike stock opened at $86.69 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.14 and a quick ratio of 1.40. Nike Inc has a 12-month low of $63.21 and a 12-month high of $88.59. The stock has a market capitalization of $138.21 billion, a P/E ratio of 35.82, a price-to-earnings-growth ratio of 2.71 and a beta of 0.68.

Nike (NYSE:NKE) last released its quarterly earnings results on Thursday, December 20th. The footwear maker reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.06. Nike had a return on equity of 44.85% and a net margin of 5.66%. The business had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.17 billion. During the same period in the previous year, the business posted $0.46 earnings per share. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, sell-side analysts predict that Nike Inc will post 2.63 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 4th will be issued a $0.22 dividend. The ex-dividend date is Friday, March 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.02%. Nike’s dividend payout ratio is 36.36%.

NKE has been the topic of several research analyst reports. Morgan Stanley set a $103.00 price objective on shares of Nike and gave the stock a “buy” rating in a research note on Tuesday, December 11th. Bank of America set a $55.00 price objective on shares of Nike and gave the stock a “sell” rating in a research note on Sunday, December 30th. JPMorgan Chase & Co. restated a “buy” rating and issued a $85.00 price objective on shares of Nike in a research note on Thursday, December 27th. Robert W. Baird downgraded shares of Nike from an “outperform” rating to a “neutral” rating and set a $76.62 price objective on the stock. in a research note on Wednesday, January 9th. They noted that the move was a valuation call. Finally, Goldman Sachs Group set a $84.00 price objective on shares of Nike and gave the stock a “hold” rating in a research note on Sunday, December 30th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $86.76.

In related news, Chairman Mark G. Parker sold 150,000 shares of Nike stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $73.68, for a total value of $11,052,000.00. Following the completion of the sale, the chairman now directly owns 1,687,863 shares in the company, valued at $124,361,745.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Monique S. Matheson sold 16,500 shares of Nike stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $88.21, for a total value of $1,455,465.00. The disclosure for this sale can be found here. Insiders sold 816,500 shares of company stock valued at $63,317,465 over the last ninety days. 3.90% of the stock is currently owned by company insiders.

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About Nike

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

See Also: Retained Earnings

Institutional Ownership by Quarter for Nike (NYSE:NKE)

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