10,000 Shares in Nike, Inc. (NKE) Purchased by PDT Partners LLC
PDT Partners LLC purchased a new position in Nike, Inc. (NYSE:NKE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,000 shares of the footwear maker’s stock, valued at approximately $590,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Fiduciary Trust Co. raised its position in Nike by 4.9% in the 2nd quarter. Fiduciary Trust Co. now owns 230,463 shares of the footwear maker’s stock worth $13,597,000 after buying an additional 10,840 shares during the last quarter. Sterling Investment Advisors Ltd. raised its position in Nike by 651.4% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 27,050 shares of the footwear maker’s stock worth $1,596,000 after buying an additional 23,450 shares during the last quarter. Royal Bank of Scotland Group PLC raised its position in Nike by 6.2% in the 1st quarter. Royal Bank of Scotland Group PLC now owns 207,834 shares of the footwear maker’s stock worth $11,582,000 after buying an additional 12,201 shares during the last quarter. Great Lakes Advisors LLC raised its position in Nike by 4.3% in the 2nd quarter. Great Lakes Advisors LLC now owns 97,145 shares of the footwear maker’s stock worth $5,732,000 after buying an additional 4,030 shares during the last quarter. Finally, North Star Asset Management Inc. raised its position in Nike by 7.8% in the 1st quarter. North Star Asset Management Inc. now owns 56,732 shares of the footwear maker’s stock worth $3,162,000 after buying an additional 4,129 shares during the last quarter. Institutional investors own 62.02% of the company’s stock.
In other Nike news, Director Johnathan A. Rodgers sold 16,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $53.45, for a total value of $855,200.00. Following the completion of the transaction, the director now directly owns 25,660 shares in the company, valued at approximately $1,371,527. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Mark G. Parker sold 135,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $55.03, for a total value of $7,429,050.00. Following the completion of the transaction, the chairman now owns 1,637,736 shares of the company’s stock, valued at $90,124,612.08. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.
Nike, Inc. (NKE) traded up $0.25 during trading on Friday, reaching $59.32. 3,400,441 shares of the company traded hands, compared to its average volume of 8,580,094. The stock has a market cap of $96,373.70, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 2.77 and a beta of 0.60. Nike, Inc. has a one year low of $50.06 and a one year high of $60.53. 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 (NYSE:NKE) last released its earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.09. The company had revenue of $9.07 billion during 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 firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 EPS. analysts predict that Nike, Inc. will post 2.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 4th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.35%. This is a positive change from Nike’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, December 1st. Nike’s dividend payout ratio is currently 30.64%.
A number of equities analysts have weighed in on NKE shares. Cowen Inc set a $54.00 target price on Nike and gave the stock a “hold” rating in a research report on Friday, August 4th. Jefferies Group LLC set a $75.00 price target on shares of Nike and gave the company a “buy” rating in a research report on Tuesday, August 15th. BidaskClub lowered shares of Nike from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Vetr raised shares of Nike from a “hold” rating to a “buy” rating and set a $59.74 price target for the company in a research report on Monday, August 21st. Finally, Goldman Sachs Group Inc reaffirmed a “buy” rating and set a $58.00 price target (down previously from $63.00) on shares of Nike in a research report on Monday, August 21st. Three investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Nike presently has a consensus rating of “Hold” and a consensus target price of $58.92.
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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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