South Dakota Investment Council increased its stake in Nike Inc (NYSE:NKE) by 152.4% during the third quarter, HoldingsChannel.com reports. The firm owned 32,814 shares of the footwear maker’s stock after acquiring an additional 19,814 shares during the period. South Dakota Investment Council’s holdings in Nike were worth $1,701,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of NKE. Janus Henderson Group PLC raised its holdings in shares of Nike by 4,252.6% in the 2nd quarter. Janus Henderson Group PLC now owns 16,619,387 shares of the footwear maker’s stock worth $980,539,000 after purchasing an additional 16,237,557 shares during the period. Capital World Investors raised its holdings in shares of Nike by 58.7% in the 2nd quarter. Capital World Investors now owns 21,779,409 shares of the footwear maker’s stock worth $1,284,985,000 after purchasing an additional 8,058,601 shares during the period. Orbis Allan Gray Ltd bought a new stake in shares of Nike in the 2nd quarter worth approximately $226,588,000. Alliancebernstein L.P. raised its holdings in shares of Nike by 25.5% in the 2nd quarter. Alliancebernstein L.P. now owns 14,927,619 shares of the footwear maker’s stock worth $880,730,000 after purchasing an additional 3,033,280 shares during the period. Finally, Flossbach Von Storch AG raised its holdings in shares of Nike by 141.9% in the 2nd quarter. Flossbach Von Storch AG now owns 4,669,950 shares of the footwear maker’s stock worth $275,527,000 after purchasing an additional 2,739,500 shares during the period. 62.67% of the stock is currently owned by institutional investors.

In related news, Chairman Mark G. Parker sold 135,000 shares of the company’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 completion of the transaction, the chairman now directly owns 1,637,736 shares in the company, valued at $90,124,612.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Monique S. Matheson sold 10,000 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now owns 23,248 shares of the company’s stock, valued at $1,441,376. The disclosure for this sale can be found here. Insiders sold 967,896 shares of company stock valued at $60,257,267 over the last quarter. 3.90% of the stock is owned by company insiders.

NKE has been the topic of a number of analyst reports. Vetr cut shares of Nike from a “strong-buy” rating to a “buy” rating and set a $58.87 target price on the stock. in a report on Tuesday, September 12th. Sanford C. Bernstein initiated coverage on shares of Nike in a report on Tuesday, September 12th. They set an “outperform” rating and a $69.00 target price on the stock. Deutsche Bank reissued a “buy” rating and set a $61.00 target price (down previously from $69.00) on shares of Nike in a report on Wednesday, September 13th. Wedbush reissued a “neutral” rating and set a $53.40 target price (up previously from $52.00) on shares of Nike in a report on Thursday, September 14th. Finally, DA Davidson reissued a “buy” rating and set a $69.00 target price on shares of Nike in a report on Thursday, September 14th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and twenty-two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $64.14.

Nike Inc (NKE) opened at $64.55 on Tuesday. The company has a market cap of $105,310.00, a price-to-earnings ratio of 27.94, a PEG ratio of 2.90 and a beta of 0.64. The company has a current ratio of 2.46, a quick ratio of 1.67 and a debt-to-equity ratio of 0.30. Nike Inc has a 1 year low of $50.35 and a 1 year high of $65.18.

Nike (NYSE:NKE) last announced its earnings results on Thursday, December 21st. The footwear maker reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.06. Nike had a net margin of 11.13% and a return on equity of 31.64%. The company had revenue of $8.55 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same period in the previous year, the business earned $0.50 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. sell-side analysts anticipate that Nike Inc will post 2.25 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 4th were given a $0.20 dividend. The ex-dividend date was Friday, December 1st. This is a positive change from Nike’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 1.24%. Nike’s payout ratio is 34.63%.

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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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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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