NIKE, Inc. (NYSE:NKE) Holdings Boosted by IFM Investors Pty Ltd

IFM Investors Pty Ltd boosted its position in shares of NIKE, Inc. (NYSE:NKE) by 11.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 102,456 shares of the footwear maker’s stock after purchasing an additional 10,892 shares during the period. IFM Investors Pty Ltd’s holdings in NIKE were worth $12,862,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Surevest LLC grew its position in NIKE by 4.7% during the 3rd quarter. Surevest LLC now owns 32,559 shares of the footwear maker’s stock worth $4,087,000 after purchasing an additional 1,451 shares in the last quarter. Mission Wealth Management LP grew its position in NIKE by 21.9% during the 3rd quarter. Mission Wealth Management LP now owns 7,901 shares of the footwear maker’s stock worth $992,000 after purchasing an additional 1,418 shares in the last quarter. Hodges Capital Management Inc. grew its position in NIKE by 129.5% during the 3rd quarter. Hodges Capital Management Inc. now owns 17,821 shares of the footwear maker’s stock worth $3,452,000 after purchasing an additional 10,057 shares in the last quarter. Evolution Wealth Advisors LLC grew its position in NIKE by 815.2% during the 3rd quarter. Evolution Wealth Advisors LLC now owns 1,565 shares of the footwear maker’s stock worth $196,000 after purchasing an additional 1,394 shares in the last quarter. Finally, Diversified Trust Co grew its position in NIKE by 24.2% during the 3rd quarter. Diversified Trust Co now owns 13,048 shares of the footwear maker’s stock worth $1,638,000 after purchasing an additional 2,545 shares in the last quarter. Hedge funds and other institutional investors own 64.20% of the company’s stock.

In related news, CAO Hilary K. Krane sold 11,000 shares of the stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $129.53, for a total value of $1,424,830.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Andrew Campion sold 56,313 shares of the stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $98.56, for a total transaction of $5,550,209.28. The disclosure for this sale can be found here. Insiders sold 841,962 shares of company stock valued at $103,292,012 in the last three months. Company insiders own 3.80% of the company’s stock.

Shares of NKE traded down $1.00 during trading hours on Friday, reaching $128.00. 6,011,173 shares of the company traded hands, compared to its average volume of 7,844,968. The stock’s fifty day moving average is $120.42 and its 200 day moving average is $101.42. The stock has a market cap of $199.67 billion, a P/E ratio of 76.65, a price-to-earnings-growth ratio of 2.80 and a beta of 0.80. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.77 and a current ratio of 2.55. NIKE, Inc. has a 1-year low of $60.00 and a 1-year high of $131.34.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Tuesday, September 22nd. The footwear maker reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.49. The business had revenue of $10.59 billion during the quarter, compared to analyst estimates of $9.15 billion. NIKE had a net margin of 7.20% and a return on equity of 34.62%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 earnings per share. On average, equities research analysts predict that NIKE, Inc. will post 2.78 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Monday, August 31st were given a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 0.77%. The ex-dividend date was Friday, August 28th. NIKE’s dividend payout ratio (DPR) is presently 52.97%.

NKE has been the topic of several research analyst reports. TheStreet upgraded shares of NIKE from a “c+” rating to a “b” rating in a report on Tuesday, September 22nd. Morgan Stanley boosted their price target on shares of NIKE from $121.00 to $142.00 and gave the company an “overweight” rating in a report on Friday, September 18th. UBS Group boosted their price target on shares of NIKE from $127.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, September 23rd. Rowe boosted their price target on shares of NIKE from $150.00 to $160.00 and gave the company a “positive” rating in a report on Wednesday, September 23rd. Finally, Stifel Nicolaus boosted their price target on shares of NIKE from $140.00 to $154.00 and gave the company a “buy” rating in a report on Wednesday, September 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. NIKE has an average rating of “Buy” and an average price target of $137.03.

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, including 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, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other 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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