Signaturefd LLC purchased a new position in shares of Nike, Inc. (NYSE:NKE) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,302 shares of the footwear maker’s stock, valued at approximately $518,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Accredited Investors Inc. boosted its position in shares of Nike by 0.5% in the first quarter. Accredited Investors Inc. now owns 4,167 shares of the footwear maker’s stock worth $232,000 after buying an additional 19 shares during the last quarter. Montecito Bank & Trust boosted its position in shares of Nike by 0.3% in the first quarter. Montecito Bank & Trust now owns 7,200 shares of the footwear maker’s stock worth $402,000 after buying an additional 24 shares during the last quarter. Intrust Bank NA boosted its position in shares of Nike by 0.9% in the first quarter. Intrust Bank NA now owns 5,082 shares of the footwear maker’s stock worth $283,000 after buying an additional 46 shares during the last quarter. Welch & Forbes LLC boosted its position in shares of Nike by 0.5% in the first quarter. Welch & Forbes LLC now owns 9,998 shares of the footwear maker’s stock worth $557,000 after buying an additional 48 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Nike by 0.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 9,749 shares of the footwear maker’s stock worth $543,000 after buying an additional 50 shares during the last quarter. Institutional investors own 64.77% of the company’s stock.

Nike, Inc. (NYSE NKE) traded down 0.17% during midday trading on Friday, hitting $58.97. 4,979,994 shares of the company were exchanged. Nike, Inc. has a 1-year low of $49.01 and a 1-year high of $60.53. The stock has a 50 day moving average of $57.96 and a 200-day moving average of $55.61. The stock has a market capitalization of $96.90 billion, a price-to-earnings ratio of 23.49 and a beta of 0.59.

Nike (NYSE:NKE) last issued its quarterly earnings data on Thursday, June 29th. The footwear maker reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.10. The company had revenue of $8.68 billion for the quarter, compared to the consensus estimate of $8.63 billion. Nike had a net margin of 12.34% and a return on equity of 34.18%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 earnings per share. Equities analysts expect that Nike, Inc. will post $2.42 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Tuesday, September 5th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, August 31st. This represents a $0.72 dividend on an annualized basis and a yield of 1.22%. Nike’s dividend payout ratio (DPR) is 28.69%.

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A number of research analysts have recently commented on the company. Jefferies Group LLC reiterated a “buy” rating and issued a $75.00 price target on shares of Nike in a research note on Friday, May 5th. Morgan Stanley reiterated an “equal weight” rating and issued a $56.00 price target on shares of Nike in a research note on Wednesday, June 21st. Credit Suisse Group set a $63.00 price target on Nike and gave the company a “buy” rating in a research note on Saturday, June 24th. UBS AG reiterated a “buy” rating and issued a $62.00 price target (down from $63.00) on shares of Nike in a research note on Tuesday, June 27th. Finally, Nomura reiterated a “buy” rating and issued a $60.00 price target on shares of Nike in a research note on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-two have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $61.04.

In related news, CAO Hilary K. Krane sold 28,072 shares of the stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $58.10, for a total transaction of $1,630,983.20. Following the transaction, the chief accounting officer now owns 177,723 shares in the company, valued at $10,325,706.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Eric D. Sprunk sold 50,000 shares of the stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $59.00, for a total transaction of $2,950,000.00. Following the transaction, the insider now owns 300,108 shares in the company, valued at approximately $17,706,372. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 492,360 shares of company stock worth $28,485,174. 3.90% of the stock is owned by 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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