YHB Investment Advisors Inc. grew its stake in shares of Nike Inc (NYSE:NKE) by 9.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 107,169 shares of the footwear maker’s stock after buying an additional 9,535 shares during the quarter. Nike accounts for 1.4% of YHB Investment Advisors Inc.’s investment portfolio, making the stock its 20th biggest position. YHB Investment Advisors Inc.’s holdings in Nike were worth $7,946,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of NKE. BDO Wealth Advisors LLC boosted its stake in shares of Nike by 1,044.3% during the 2nd quarter. BDO Wealth Advisors LLC now owns 1,396 shares of the footwear maker’s stock valued at $111,000 after purchasing an additional 1,274 shares in the last quarter. Resources Management Corp CT ADV purchased a new position in Nike during the 3rd quarter valued at about $113,000. Stelac Advisory Services LLC purchased a new position in Nike during the 3rd quarter valued at about $115,000. Highwater Wealth Management LLC purchased a new position in Nike during the 4th quarter valued at about $116,000. Finally, Polaris Greystone Financial Group LLC purchased a new position in Nike during the 3rd quarter valued at about $119,000. Hedge funds and other institutional investors own 63.99% of the company’s stock.
In other news, Chairman Mark G. Parker sold 150,000 shares of Nike stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $73.68, for a total transaction of $11,052,000.00. Following the transaction, the chairman now owns 1,687,863 shares in the company, valued at approximately $124,361,745.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John F. Slusher sold 200,000 shares of Nike stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $74.05, for a total value of $14,810,000.00. Following the transaction, the executive vice president now owns 284,805 shares in the company, valued at approximately $21,089,810.25. The disclosure for this sale can be found here. 3.90% of the stock is owned by insiders.
Nike stock traded down $0.38 during trading on Friday, reaching $76.04. The company had a trading volume of 578,293 shares, compared to its average volume of 8,586,630. Nike Inc has a 1-year low of $62.09 and a 1-year high of $86.04. The stock has a market capitalization of $121.63 billion, a P/E ratio of 31.42, a P/E/G ratio of 2.37 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.40 and a current ratio of 2.14.
Nike (NYSE:NKE) last released its quarterly earnings results on Thursday, December 20th. The footwear maker reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. Nike had a net margin of 5.66% and a return on equity of 44.85%. The firm had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.17 billion. During the same quarter last year, the company earned $0.46 EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. Sell-side analysts predict that Nike Inc will post 2.62 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 2nd. Stockholders of record on Monday, December 3rd were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Friday, November 30th. This is a positive change from Nike’s previous quarterly dividend of $0.20. Nike’s payout ratio is currently 36.36%.
A number of brokerages recently issued reports on NKE. Needham & Company LLC raised shares of Nike from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Thursday. HSBC cut shares of Nike from a “neutral” rating to a “hold” rating in a report on Wednesday. Robert W. Baird cut shares of Nike from an “outperform” rating to a “neutral” rating and set a $76.62 target price for the company. in a report on Wednesday. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $85.00 target price on shares of Nike and gave the stock a “buy” rating in a report on Wednesday, January 2nd. Finally, UBS Group set a $78.00 target price on shares of Nike and gave the stock a “neutral” rating in a report on Wednesday, January 2nd. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $83.14.
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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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