Korea Investment CORP raised its holdings in shares of Nike Inc (NYSE:NKE) by 5.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 638,367 shares of the footwear maker’s stock after purchasing an additional 30,500 shares during the period. Korea Investment CORP’s holdings in Nike were worth $33,099,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NKE. Accredited Investors Inc. increased its stake in Nike by 0.5% during the first quarter. Accredited Investors Inc. now owns 4,167 shares of the footwear maker’s stock valued at $232,000 after purchasing an additional 19 shares during the last quarter. Noesis Capital Mangement Corp increased its stake in Nike by 3.6% during the first quarter. Noesis Capital Mangement Corp now owns 150,712 shares of the footwear maker’s stock valued at $8,399,000 after purchasing an additional 5,305 shares during the last quarter. Robecosam AG increased its stake in Nike by 24.6% during the first quarter. Robecosam AG now owns 72,760 shares of the footwear maker’s stock valued at $4,077,000 after purchasing an additional 14,379 shares during the last quarter. Cibc World Markets Corp increased its stake in Nike by 48.3% during the first quarter. Cibc World Markets Corp now owns 353,604 shares of the footwear maker’s stock valued at $19,706,000 after purchasing an additional 115,115 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in Nike by 43.5% during the first quarter. Neuberger Berman Group LLC now owns 2,209,161 shares of the footwear maker’s stock valued at $123,117,000 after purchasing an additional 670,079 shares during the last quarter. Hedge funds and other institutional investors own 62.78% of the company’s stock.

Nike Inc (NYSE NKE) traded up $0.26 during mid-day trading on Friday, reaching $64.79. 15,659,260 shares of the company traded hands, compared to its average volume of 8,905,749. The firm has a market capitalization of $105,281.79, a P/E ratio of 27.46, a P/E/G ratio of 3.02 and a beta of 0.64. Nike Inc has a 1-year low of $50.35 and a 1-year high of $65.07. 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 posted its quarterly earnings data 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 business had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.08 billion. Nike had a net margin of 11.47% and a return on equity of 31.88%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.73 earnings per share. sell-side analysts expect that Nike Inc will post 2.28 EPS for the current fiscal year.

The business also recently disclosed 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. The ex-dividend date is Friday, December 1st. This represents a $0.80 annualized dividend and a yield of 1.23%. This is an increase from Nike’s previous quarterly dividend of $0.18. Nike’s dividend payout ratio is presently 34.04%.

In related news, Chairman Mark G. Parker sold 135,000 shares of the company’s 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 owns 1,637,736 shares of the company’s stock, valued at $90,124,612.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Monique S. Matheson sold 10,000 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $62.00, for a total transaction of $620,000.00. Following the completion of the sale, the executive vice president now directly owns 23,248 shares of the company’s stock, valued at approximately $1,441,376. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

Several analysts have weighed in on the stock. Piper Jaffray Companies set a $58.00 target price on shares of Nike and gave the company a “hold” rating in a research note on Friday. Pivotal Research set a $60.00 target price on shares of Nike and gave the company a “hold” rating in a research note on Friday. Guggenheim reiterated a “buy” rating and set a $70.00 target price on shares of Nike in a research note on Friday. Stifel Nicolaus set a $74.00 target price on shares of Nike and gave the company a “buy” rating in a research note on Friday. Finally, Vetr lowered shares of Nike from a “hold” rating to a “sell” rating and set a $59.88 target price for the company. in a research note on Thursday. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-one have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $60.67.

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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.

Institutional Ownership by Quarter for Nike (NYSE:NKE)

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