Tdam USA Inc. Boosts Stake in Nike Inc (NYSE:NKE)

Tdam USA Inc. boosted its holdings in Nike Inc (NYSE:NKE) by 2.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,404 shares of the footwear maker’s stock after acquiring an additional 668 shares during the period. Tdam USA Inc.’s holdings in Nike were worth $2,308,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of NKE. Tiemann Investment Advisors LLC boosted its stake in shares of Nike by 2.4% during the fourth quarter. Tiemann Investment Advisors LLC now owns 5,420 shares of the footwear maker’s stock valued at $402,000 after purchasing an additional 125 shares in the last quarter. Capital Insight Partners LLC boosted its stake in shares of Nike by 0.7% during the first quarter. Capital Insight Partners LLC now owns 17,819 shares of the footwear maker’s stock valued at $1,501,000 after purchasing an additional 126 shares in the last quarter. Midwest Professional Planners LTD. boosted its stake in shares of Nike by 1.0% during the first quarter. Midwest Professional Planners LTD. now owns 12,794 shares of the footwear maker’s stock valued at $1,077,000 after purchasing an additional 127 shares in the last quarter. Arcadia Investment Management Corp MI boosted its stake in shares of Nike by 45.4% during the first quarter. Arcadia Investment Management Corp MI now owns 410 shares of the footwear maker’s stock valued at $35,000 after purchasing an additional 128 shares in the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in shares of Nike by 18.4% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 900 shares of the footwear maker’s stock valued at $76,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 65.60% of the company’s stock.

A number of brokerages have recently commented on NKE. Bank of America lifted their price target on Nike from $55.00 to $60.00 and gave the company an “underperform” rating in a research note on Tuesday, March 19th. Credit Suisse Group reissued a “buy” rating and set a $97.00 price target on shares of Nike in a research note on Friday, March 22nd. JPMorgan Chase & Co. raised their price objective on Nike from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Goldman Sachs Group set a $85.00 price objective on Nike and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Finally, Canaccord Genuity set a $96.00 price objective on Nike and gave the stock a “buy” rating in a research report on Monday, March 18th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have assigned a buy rating to the company. Nike has an average rating of “Buy” and an average price target of $89.25.

In other news, EVP John F. Slusher sold 110,000 shares of Nike stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $85.02, for a total value of $9,352,200.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Eric D. Sprunk sold 40,004 shares of Nike 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 disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.

Shares of NYSE NKE traded up $0.29 during trading hours on Friday, reaching $83.95. 12,442,225 shares of the stock traded hands, compared to its average volume of 6,555,675. The stock has a market cap of $131.49 billion, a P/E ratio of 33.71, a P/E/G ratio of 2.14 and a beta of 0.76. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.17 and a quick ratio of 1.43. Nike Inc has a 52-week low of $66.53 and a 52-week high of $90.00. The business’s 50-day moving average is $82.83.

Nike (NYSE:NKE) last announced its quarterly earnings data on Thursday, June 27th. The footwear maker reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.04). The firm had revenue of $10.18 billion for the quarter, compared to analysts’ expectations of $10.15 billion. Nike had a net margin of 10.30% and a return on equity of 45.30%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 earnings per share. Analysts predict that Nike Inc will post 2.99 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.88 annualized dividend and a yield of 1.05%. Nike’s payout ratio is 35.34%.

Nike 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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