Strs Ohio increased its position in shares of Nike Inc (NYSE:NKE) by 10.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 683,476 shares of the footwear maker’s stock after acquiring an additional 65,946 shares during the period. Strs Ohio’s holdings in Nike were worth $57,555,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the stock. Asset Dedication LLC increased its position in Nike by 8.0% during the first quarter. Asset Dedication LLC now owns 19,615 shares of the footwear maker’s stock worth $1,650,000 after buying an additional 1,456 shares during the last quarter. Saratoga Research & Investment Management increased its position in Nike by 4.4% during the first quarter. Saratoga Research & Investment Management now owns 648,945 shares of the footwear maker’s stock worth $54,648,000 after buying an additional 27,300 shares during the last quarter. Mycio Wealth Partners LLC increased its position in Nike by 31.5% during the first quarter. Mycio Wealth Partners LLC now owns 4,265 shares of the footwear maker’s stock worth $359,000 after buying an additional 1,022 shares during the last quarter. Barometer Capital Management Inc. acquired a new position in Nike during the first quarter worth $429,000. Finally, Dakota Wealth Management increased its position in Nike by 56.1% during the first quarter. Dakota Wealth Management now owns 26,341 shares of the footwear maker’s stock worth $434,000 after buying an additional 9,468 shares during the last quarter. Institutional investors and hedge funds own 65.74% of the company’s stock.
Several equities research analysts have recently issued reports on NKE shares. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $85.00 price target on shares of Nike in a research report on Thursday, December 27th. Barclays set a $100.00 price target on Nike and gave the company a “buy” rating in a research report on Thursday, December 27th. Credit Suisse Group set a $90.00 price target on Nike and gave the company a “buy” rating in a research report on Thursday, December 27th. HSBC raised Nike from a “hold” rating to a “buy” rating and raised their price target for the company from $92.00 to $95.00 in a research report on Tuesday, January 8th. Finally, Needham & Company LLC raised Nike from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Thursday, January 10th. Two analysts have rated the stock with a sell rating, eleven have given 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 a consensus target price of $87.10.
Nike (NYSE:NKE) last released its earnings results on Thursday, March 21st. The footwear maker reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. Nike had a return on equity of 45.78% and a net margin of 10.79%. The business had revenue of $9.61 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same period last year, the business earned $0.68 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, sell-side analysts predict that Nike Inc will post 2.55 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Friday, March 1st. Nike’s dividend payout ratio is 36.36%.
In other Nike news, EVP Monique S. Matheson sold 16,500 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $88.21, for a total transaction of $1,455,465.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Mark G. Parker sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $82.00, for a total transaction of $12,300,000.00. Following the transaction, the chairman now owns 1,539,963 shares of the company’s stock, valued at approximately $126,276,966. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 316,504 shares of company stock valued at $26,620,816. Corporate insiders own 3.90% of the company’s stock.
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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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