Payden & Rygel maintained its stake in shares of Nike, Inc. (NYSE:NKE) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,000 shares of the footwear maker’s stock at the close of the second quarter. Payden & Rygel’s holdings in Nike were worth $118,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fiduciary Trust Co. lifted its stake in shares of Nike by 4.9% during the second quarter. Fiduciary Trust Co. now owns 230,463 shares of the footwear maker’s stock valued at $13,597,000 after buying an additional 10,840 shares during the period. Sterling Investment Advisors Ltd. raised its stake in Nike by 651.4% during the second quarter. Sterling Investment Advisors Ltd. now owns 27,050 shares of the footwear maker’s stock worth $1,596,000 after purchasing an additional 23,450 shares during the period. Royal Bank of Scotland Group PLC raised its stake in Nike by 6.2% during the first quarter. Royal Bank of Scotland Group PLC now owns 207,834 shares of the footwear maker’s stock worth $11,582,000 after purchasing an additional 12,201 shares during the period. Great Lakes Advisors LLC raised its stake in Nike by 4.3% during the second quarter. Great Lakes Advisors LLC now owns 97,145 shares of the footwear maker’s stock worth $5,732,000 after purchasing an additional 4,030 shares during the period. Finally, North Star Asset Management Inc. raised its stake in Nike by 7.8% during the first quarter. North Star Asset Management Inc. now owns 56,732 shares of the footwear maker’s stock worth $3,162,000 after purchasing an additional 4,129 shares during the period. Institutional investors own 62.24% of the company’s stock.

Shares of Nike, Inc. (NYSE NKE) opened at $55.91 on Tuesday. Nike, Inc. has a 52 week low of $49.75 and a 52 week high of $60.53. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.81 and a current ratio of 2.67. The stock has a market capitalization of $91,511.79, a P/E ratio of 23.87, a P/E/G ratio of 2.62 and a beta of 0.60.

Nike (NYSE:NKE) last issued its quarterly earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.09. The company had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $9.08 billion. Nike had a net margin of 11.47% and a return on equity of 31.88%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the business earned $0.73 EPS. analysts anticipate that Nike, Inc. will post 2.29 earnings per share for the current year.

Several research firms have recently issued reports on NKE. B. Riley reissued a “neutral” rating on shares of Nike in a research report on Wednesday, November 1st. Guggenheim reaffirmed a “buy” rating and set a $70.00 price target on shares of Nike in a report on Monday, July 24th. FBR & Co reissued a “hold” rating and set a $53.00 price objective on shares of Nike in a report on Thursday, September 14th. Raymond James Financial, Inc. decreased their price objective on shares of Nike from $71.00 to $67.00 and set an “outperform” rating for the company in a report on Tuesday, September 19th. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and set a $64.00 price objective on shares of Nike in a report on Tuesday, September 19th. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and twenty have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $58.93.

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In other Nike news, Director Johnathan A. Rodgers sold 16,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $53.45, for a total transaction of $855,200.00. Following the completion of the sale, the director now owns 25,660 shares of the company’s stock, valued at approximately $1,371,527. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Mark G. Parker sold 135,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $55.03, for a total value of $7,429,050.00. Following the sale, the chairman now directly owns 1,637,736 shares of the company’s stock, valued at approximately $90,124,612.08. The disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.

About Nike

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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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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