Penserra Capital Management LLC purchased a new position in shares of NIKE, Inc. (NYSE:NKE – Get Rating) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 506 shares of the footwear maker’s stock, valued at approximately $42,000.
Other large investors have also recently added to or reduced their stakes in the company. Absher Wealth Management LLC grew its stake in NIKE by 6.2% in the 3rd quarter. Absher Wealth Management LLC now owns 157,232 shares of the footwear maker’s stock valued at $13,069,000 after acquiring an additional 9,148 shares during the last quarter. Essex Financial Services Inc. grew its stake in NIKE by 3.9% in the 3rd quarter. Essex Financial Services Inc. now owns 5,890 shares of the footwear maker’s stock valued at $490,000 after acquiring an additional 219 shares during the last quarter. Sawyer & Company Inc acquired a new stake in NIKE in the 3rd quarter valued at about $53,000. Stonegate Investment Group LLC grew its stake in NIKE by 15.1% in the 3rd quarter. Stonegate Investment Group LLC now owns 8,402 shares of the footwear maker’s stock valued at $698,000 after acquiring an additional 1,105 shares during the last quarter. Finally, Wedmont Private Capital grew its stake in NIKE by 18.1% in the 3rd quarter. Wedmont Private Capital now owns 6,264 shares of the footwear maker’s stock valued at $521,000 after acquiring an additional 962 shares during the last quarter. 63.20% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at NIKE
In related news, Director Peter B. Henry purchased 557 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The stock was acquired at an average price of $125.45 per share, with a total value of $69,875.65. Following the completion of the transaction, the director now owns 4,062 shares of the company’s stock, valued at $509,577.90. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Peter B. Henry purchased 557 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The stock was acquired at an average price of $125.45 per share, with a total value of $69,875.65. Following the completion of the transaction, the director now owns 4,062 shares of the company’s stock, valued at $509,577.90. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Monique S. Matheson sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $108.16, for a total value of $1,081,600.00. Following the transaction, the executive vice president now owns 60,213 shares in the company, valued at $6,512,638.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,000 shares of company stock valued at $2,280,750. 0.40% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
NIKE Stock Up 0.4 %
Shares of NYSE:NKE opened at $118.53 on Tuesday. The company has a quick ratio of 1.78, a current ratio of 2.69 and a debt-to-equity ratio of 0.58. NIKE, Inc. has a 52-week low of $82.22 and a 52-week high of $139.86. The company has a 50 day moving average of $123.06 and a two-hundred day moving average of $109.28. The company has a market capitalization of $183.79 billion, a price-to-earnings ratio of 33.39, a price-to-earnings-growth ratio of 3.94 and a beta of 1.09.
NIKE (NYSE:NKE – Get Rating) last issued its quarterly earnings data on Tuesday, December 20th. The footwear maker reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.20. NIKE had a net margin of 11.47% and a return on equity of 36.83%. The company had revenue of $13.32 billion during the quarter, compared to the consensus estimate of $12.61 billion. As a group, analysts forecast that NIKE, Inc. will post 3.12 earnings per share for the current fiscal year.
NIKE Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Monday, March 6th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, March 3rd. NIKE’s payout ratio is currently 38.31%.
About NIKE
NIKE, Inc engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America, Europe, Middle East & Africa, Greater China, Asia Pacific & Latin America, Global Brand Divisions, Converse, and Corporate.
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