Mercer Global Advisors Inc. ADV bought a new stake in shares of Nike Inc (NYSE:NKE) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 18,164 shares of the footwear maker’s stock, valued at approximately $1,530,000.
Other large investors have also bought and sold shares of the company. Standard Life Aberdeen plc lifted its stake in Nike by 10.3% in the third quarter. Standard Life Aberdeen plc now owns 403,034 shares of the footwear maker’s stock valued at $34,145,000 after buying an additional 37,643 shares during the period. BW Gestao de Investimentos Ltda. acquired a new position in Nike in the third quarter valued at approximately $847,000. Kentucky Retirement Systems acquired a new position in Nike in the third quarter valued at approximately $4,851,000. Teachers Advisors LLC lifted its stake in Nike by 3.2% in the third quarter. Teachers Advisors LLC now owns 3,379,948 shares of the footwear maker’s stock valued at $286,349,000 after buying an additional 104,566 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its stake in Nike by 3.5% in the third quarter. TIAA CREF Investment Management LLC now owns 8,240,453 shares of the footwear maker’s stock valued at $698,131,000 after buying an additional 279,655 shares during the period. Hedge funds and other institutional investors own 66.17% of the company’s stock.
Shares of NKE traded down $0.48 during mid-day trading on Friday, hitting $82.16. The company’s stock had a trading volume of 5,878,000 shares, compared to its average volume of 6,607,279. The stock has a market capitalization of $131.46 billion, a P/E ratio of 33.95, a P/E/G ratio of 2.52 and a beta of 0.67. 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 fifty-two week low of $66.53 and a fifty-two week high of $90.00.
Nike (NYSE:NKE) last announced its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.03. The company had revenue of $9.61 billion for the quarter, compared to analysts’ expectations of $9.60 billion. Nike had a net margin of 10.79% and a return on equity of 45.78%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS. As a group, equities research analysts forecast that Nike Inc will post 2.55 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.88 annualized dividend and a dividend yield of 1.07%. Nike’s dividend payout ratio is currently 36.36%.
Several equities analysts have issued reports on the company. Telsey Advisory Group boosted their price target on Nike from $92.00 to $95.00 and gave the company an “outperform” rating in a research note on Monday, March 18th. Wells Fargo & Co lifted their price objective on shares of Nike from $76.00 to $80.00 and gave the company a “market perform” rating in a research report on Friday, March 22nd. Bank of America lifted their price objective on shares of Nike from $55.00 to $60.00 and gave the company an “underperform” rating in a research report on Tuesday, March 19th. Rowe upgraded shares of Nike from a “sell” rating to an “outperform” rating and set a $100.00 price objective on the stock in a research report on Friday, February 8th. Finally, Citigroup began coverage on shares of Nike in a research report on Wednesday, April 10th. They issued a “buy” rating and a $100.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. Nike currently has a consensus rating of “Buy” and an average price target of $87.10.
In other news, insider Eric D. Sprunk sold 40,004 shares of Nike stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $87.82, for a total value of $3,513,151.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $9,352,200.00. The disclosure for this sale can be found here. Insiders sold a total of 166,504 shares of company stock worth $14,320,816 in the last ninety days. 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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