3,668 Shares in Nike, Inc. (NKE) Purchased by Colony Group LLC

Colony Group LLC bought a new stake in Nike, Inc. (NYSE:NKE) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,668 shares of the footwear maker’s stock, valued at approximately $204,000.

A number of other institutional investors also recently modified their holdings of NKE. Accredited Investors Inc. increased its stake in shares of Nike by 0.5% during the 1st quarter. Accredited Investors Inc. now owns 4,167 shares of the footwear maker’s stock worth $232,000 after purchasing an additional 19 shares in the last quarter. Montecito Bank & Trust increased its stake in shares of Nike by 0.3% during the 1st quarter. Montecito Bank & Trust now owns 7,200 shares of the footwear maker’s stock worth $402,000 after purchasing an additional 24 shares in the last quarter. Intrust Bank NA increased its stake in shares of Nike by 0.9% during the 1st quarter. Intrust Bank NA now owns 5,082 shares of the footwear maker’s stock worth $283,000 after purchasing an additional 46 shares in the last quarter. Welch & Forbes LLC increased its stake in shares of Nike by 0.5% during the 1st quarter. Welch & Forbes LLC now owns 9,998 shares of the footwear maker’s stock worth $557,000 after purchasing an additional 48 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Nike by 0.5% during the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 9,749 shares of the footwear maker’s stock worth $543,000 after purchasing an additional 50 shares in the last quarter. 62.72% of the stock is owned by institutional investors.

Nike, Inc. (NYSE NKE) traded up 1.3685% during mid-day trading on Tuesday, reaching $53.7557. 4,271,285 shares of the company traded hands. Nike, Inc. has a one year low of $49.01 and a one year high of $60.53. The firm has a market cap of $88.33 billion, a PE ratio of 21.4166 and a beta of 0.61. The stock’s 50-day moving average price is $56.57 and its 200-day moving average price is $55.58.

Nike (NYSE:NKE) last issued its earnings results on Thursday, June 29th. The footwear maker reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.10. The company had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.63 billion. Nike had a net margin of 12.34% and a return on equity of 34.18%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. Analysts forecast that Nike, Inc. will post $2.41 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Tuesday, September 5th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, August 31st. Nike’s dividend payout ratio (DPR) is presently 28.69%.

A number of research analysts have recently weighed in on the stock. UBS AG reissued a “buy” rating and set a $62.00 price objective (down from $63.00) on shares of Nike in a research note on Tuesday, June 27th. FBR & Co set a $53.00 price objective on shares of Nike and gave the stock a “hold” rating in a research note on Saturday, July 1st. Canaccord Genuity set a $51.00 price objective on shares of Nike and gave the stock a “hold” rating in a research note on Saturday, July 1st. Vetr cut shares of Nike from a “strong-buy” rating to a “buy” rating and set a $58.87 price objective for the company. in a research note on Tuesday. Finally, Wells Fargo & Company set a $56.00 price objective on shares of Nike and gave the stock a “hold” rating in a research note on Saturday, July 1st. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $60.66.

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In related news, insider Eric D. Sprunk sold 50,000 shares of Nike stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $59.00, for a total transaction of $2,950,000.00. Following the transaction, the insider now owns 300,108 shares of the company’s stock, valued at approximately $17,706,372. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrew Campion sold 96,243 shares of Nike stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $56.68, for a total transaction of $5,455,053.24. Following the transaction, the chief financial officer now directly owns 50,246 shares in the company, valued at approximately $2,847,943.28. The disclosure for this sale can be found here. Insiders sold a total of 492,360 shares of company stock worth $28,485,174 in the last ninety days. Insiders own 3.90% of the company’s stock.

Nike Profile

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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