Nike, Inc. (NKE) Position Increased by Virtu KCG Holdings LLC
Virtu KCG Holdings LLC boosted its holdings in shares of Nike, Inc. (NYSE:NKE) by 468.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 163,960 shares of the footwear maker’s stock after purchasing an additional 135,102 shares during the quarter. Nike comprises approximately 0.3% of Virtu KCG Holdings LLC’s holdings, making the stock its 14th largest position. Virtu KCG Holdings LLC’s holdings in Nike were worth $9,674,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. First National Trust Co. raised its holdings in Nike by 18.0% in the 1st quarter. First National Trust Co. now owns 38,112 shares of the footwear maker’s stock valued at $2,124,000 after acquiring an additional 5,807 shares in the last quarter. Clifford Swan Investment Counsel LLC raised its holdings in Nike by 1.3% in the 1st quarter. Clifford Swan Investment Counsel LLC now owns 188,365 shares of the footwear maker’s stock valued at $10,498,000 after acquiring an additional 2,332 shares in the last quarter. Baird Financial Group Inc. raised its holdings in Nike by 25.5% in the 1st quarter. Baird Financial Group Inc. now owns 574,256 shares of the footwear maker’s stock valued at $32,003,000 after acquiring an additional 116,554 shares in the last quarter. Abbrea Capital LLC raised its holdings in Nike by 4.4% in the 1st quarter. Abbrea Capital LLC now owns 44,339 shares of the footwear maker’s stock valued at $2,479,000 after acquiring an additional 1,880 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. raised its holdings in Nike by 58.8% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 16,369 shares of the footwear maker’s stock valued at $912,000 after acquiring an additional 6,058 shares in the last quarter. Hedge funds and other institutional investors own 62.02% of the company’s stock.
In related news, Director Johnathan A. Rodgers sold 16,000 shares of Nike stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $53.45, for a total value of $855,200.00. Following the sale, the director now owns 25,660 shares of the company’s stock, valued at $1,371,527. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 135,000 shares of Nike stock in a transaction dated 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 completion of the sale, 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 insiders.
Shares of Nike, Inc. (NYSE NKE) opened at $59.07 on Thursday. Nike, Inc. has a 12 month low of $50.06 and a 12 month high of $60.53. The stock has a market capitalization of $96,895.79, a PE ratio of 25.27, a price-to-earnings-growth ratio of 2.78 and a beta of 0.60. 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, beating analysts’ consensus estimates of $0.48 by $0.09. The business had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $9.08 billion. Nike had a return on equity of 31.88% and a net margin of 11.47%. Nike’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.73 earnings per share. equities research analysts forecast that Nike, Inc. will post 2.28 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 4th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.35%. This is an increase from Nike’s previous quarterly dividend of $0.18. Nike’s payout ratio is currently 30.64%.
Several equities analysts have commented on NKE shares. Jefferies Group LLC cut Nike to a “buy” rating in a report on Tuesday, August 29th. Vetr cut Nike from a “strong-buy” rating to a “buy” rating and set a $59.57 target price for the company. in a report on Monday, September 4th. Goldman Sachs Group, Inc. (The) cut Nike from a “buy” rating to a “neutral” rating and increased their target price for the stock from $52.30 to $54.00 in a report on Thursday, October 19th. Telsey Advisory Group dropped their target price on Nike from $63.00 to $61.00 and set an “outperform” rating for the company in a report on Wednesday, August 30th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $66.00 target price on shares of Nike in a report on Thursday, August 24th. Three analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and nineteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $58.92.
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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