Nike Inc (NKE) Shares Sold by Robeco Institutional Asset Management B.V.
Robeco Institutional Asset Management B.V. lessened its position in Nike Inc (NYSE:NKE) by 0.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 677,758 shares of the footwear maker’s stock after selling 2,281 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.05% of Nike worth $35,141,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NKE. Asset Planning Services Ltd. lifted its position in Nike by 0.3% during the second quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock valued at $126,000 after purchasing an additional 7 shares in the last quarter. Atlantic Trust LLC purchased a new position in Nike during the second quarter valued at $136,000. Howe & Rusling Inc. lifted its position in Nike by 751.3% during the third quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock valued at $137,000 after purchasing an additional 2,329 shares in the last quarter. Kistler Tiffany Companies LLC lifted its position in Nike by 91.7% during the second quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock valued at $149,000 after purchasing an additional 1,209 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in Nike by 7.8% during the second quarter. Parkside Financial Bank & Trust now owns 2,780 shares of the footwear maker’s stock valued at $164,000 after purchasing an additional 201 shares in the last quarter. Institutional investors own 62.78% of the company’s stock.
Several equities analysts have recently commented on the company. Jefferies Group downgraded Nike to a “buy” rating in a research report on Tuesday, August 29th. Vetr downgraded Nike from a “strong-buy” rating to a “buy” rating and set a $59.57 price objective on the stock. in a research report on Monday, September 4th. Goldman Sachs Group downgraded Nike from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $52.30 to $54.00 in a research report on Thursday, October 19th. Telsey Advisory Group reduced their target price on Nike from $63.00 to $61.00 and set an “outperform” rating on the stock in a report on Wednesday, August 30th. Finally, Stifel Nicolaus reaffirmed 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 twenty have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $59.01.
Nike (NYSE:NKE) last issued its quarterly earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share (EPS) for the quarter, topping 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 31.23% and a net margin of 10.47%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 earnings per share. sell-side analysts forecast that Nike Inc will post 2.28 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 4th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, December 1st. This is an increase from Nike’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.28%. 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 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 transaction, the chairman now directly owns 1,637,736 shares of the company’s stock, valued at approximately $90,124,612.08. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Johnathan A. Rodgers sold 16,000 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were 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 $1,371,527. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.
Nike Company Profile
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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