Sumitomo Mitsui Asset Management Company LTD reduced its position in Nike Inc (NYSE:NKE) by 0.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 478,338 shares of the footwear maker’s stock after selling 2,899 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Nike were worth $24,801,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Asset Planning Services Ltd. lifted its holdings in shares of 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 acquiring an additional 7 shares during the period. Atlantic Trust LLC bought a new position in shares of Nike during the second quarter valued at $136,000. Howe & Rusling Inc. lifted its holdings in shares of 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 acquiring an additional 2,329 shares during the period. Kistler Tiffany Companies LLC lifted its holdings in shares of 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 acquiring an additional 1,209 shares during the period. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of 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 acquiring an additional 201 shares during the period. 62.78% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on the company. B. Riley reissued a “neutral” rating on shares of Nike in a report on Wednesday, November 1st. FBR & Co reissued a “hold” rating and set a $53.00 price objective on shares of Nike in a report on Thursday, September 14th. Susquehanna Bancshares reissued a “neutral” rating and set a $64.00 price objective on shares of Nike in a report on Tuesday, September 19th. Raymond James Financial cut their price objective on Nike from $71.00 to $67.00 and set an “outperform” rating for the company in a report on Tuesday, September 19th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $70.00 price target on shares of Nike in a report on Friday. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-one have assigned a buy rating to the stock. Nike currently has an average rating of “Hold” and a consensus price target of $60.67.

In other news, Chairman Mark G. Parker sold 135,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $55.03, for a total transaction 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 approximately $90,124,612.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Monique S. Matheson sold 10,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $62.00, for a total value of $620,000.00. Following 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. 3.90% of the stock is owned by company insiders.

Shares of Nike Inc (NYSE NKE) opened at $64.79 on Monday. The company has a quick ratio of 1.81, a current ratio of 2.67 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $105,689.83, a PE ratio of 27.57, a P/E/G ratio of 3.03 and a beta of 0.64. Nike Inc has a 12-month low of $50.35 and a 12-month high of $65.07.

Nike (NYSE:NKE) last announced its quarterly earnings data on Tuesday, September 26th. The footwear maker reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.09. The firm had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.08 billion. Nike had a return on equity of 31.88% and a net margin of 11.47%. The company’s revenue was up .1% on a year-over-year basis. During the same period last year, the company earned $0.73 earnings per share. analysts anticipate that Nike Inc will post 2.28 EPS for the current year.

The company also recently disclosed 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. This represents a $0.80 dividend on an annualized basis and a yield of 1.23%. This is a positive change from Nike’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, December 1st. Nike’s dividend payout ratio (DPR) is presently 34.04%.

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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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