Nike Inc (NKE) Shares Bought by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC increased its holdings in Nike Inc (NYSE:NKE) by 1.1% during the first quarter, HoldingsChannel reports. The firm owned 62,057 shares of the footwear maker’s stock after acquiring an additional 686 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Nike were worth $5,226,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Standard Life Aberdeen plc lifted its holdings in shares of Nike by 10.3% in the 3rd quarter. Standard Life Aberdeen plc now owns 403,034 shares of the footwear maker’s stock worth $34,145,000 after buying an additional 37,643 shares during the period. BW Gestao de Investimentos Ltda. purchased a new stake in shares of Nike in the 3rd quarter worth $847,000. Kentucky Retirement Systems purchased a new stake in shares of Nike in the 3rd quarter worth $4,851,000. Teachers Advisors LLC lifted its holdings in shares of Nike by 3.2% in the 3rd quarter. Teachers Advisors LLC now owns 3,379,948 shares of the footwear maker’s stock worth $286,349,000 after buying an additional 104,566 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of Nike by 3.5% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 8,240,453 shares of the footwear maker’s stock worth $698,131,000 after buying an additional 279,655 shares during the period. 65.62% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on the company. Bank of America upped their target price on Nike from $55.00 to $60.00 and gave the stock an “underperform” rating in a report on Tuesday, March 19th. Credit Suisse Group reiterated a “buy” rating and issued a $97.00 target price on shares of Nike in a report on Friday, March 22nd. JPMorgan Chase & Co. upped their target price on Nike from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Goldman Sachs Group set a $85.00 target price on Nike and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Finally, Canaccord Genuity set a $96.00 target price on Nike and gave the stock a “buy” rating in a report on Monday, March 18th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $87.10.

In other Nike news, insider Eric D. Sprunk sold 40,004 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $87.82, for a total value of $3,513,151.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $82.00, for a total value of $12,300,000.00. Following the completion of the sale, the chairman now directly owns 1,539,963 shares in the company, valued at $126,276,966. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 316,504 shares of company stock worth $26,620,816. 3.90% of the stock is owned by corporate insiders.

Shares of NKE stock opened at $89.20 on Monday. The company has a current ratio of 2.17, a quick ratio of 1.43 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $140.20 billion, a PE ratio of 36.86, a PEG ratio of 2.68 and a beta of 0.67. Nike Inc has a fifty-two week low of $64.99 and a fifty-two week high of $90.00.

Nike (NYSE:NKE) last posted its earnings results on Thursday, March 21st. The footwear maker reported $0.68 EPS for the quarter, topping the consensus estimate of $0.65 by $0.03. The firm had revenue of $9.61 billion for the quarter, compared to analyst estimates of $9.60 billion. Nike had a return on equity of 45.78% and a net margin of 10.79%. Nike’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share. Research analysts anticipate that Nike Inc will post 2.55 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.99%. The ex-dividend date was Friday, March 1st. Nike’s dividend payout ratio (DPR) is 36.36%.

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Nike Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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