Nike (NKE) Holdings Increased by Obermeyer Wood Investment Counsel Lllp

Obermeyer Wood Investment Counsel Lllp raised its position in shares of Nike (NYSE:NKE) by 2.9% in the first quarter, HoldingsChannel.com reports. The firm owned 517,434 shares of the footwear maker’s stock after purchasing an additional 14,534 shares during the quarter. Nike accounts for approximately 3.1% of Obermeyer Wood Investment Counsel Lllp’s portfolio, making the stock its 17th biggest holding. Obermeyer Wood Investment Counsel Lllp’s holdings in Nike were worth $34,378,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NKE. Thornburg Investment Management Inc. increased its position in Nike by 50.0% during the 3rd quarter. Thornburg Investment Management Inc. now owns 2,262,538 shares of the footwear maker’s stock valued at $117,313,000 after purchasing an additional 754,253 shares during the period. Edgewood Management LLC increased its position in Nike by 15.7% during the 3rd quarter. Edgewood Management LLC now owns 14,245,826 shares of the footwear maker’s stock valued at $738,646,000 after purchasing an additional 1,936,811 shares during the period. Harding Loevner LP increased its position in Nike by 97.1% during the 3rd quarter. Harding Loevner LP now owns 12,151,210 shares of the footwear maker’s stock valued at $390,421,000 after purchasing an additional 5,987,728 shares during the period. Marietta Wealth Management LLC increased its position in Nike by 7.7% during the 3rd quarter. Marietta Wealth Management LLC now owns 41,804 shares of the footwear maker’s stock valued at $2,168,000 after purchasing an additional 2,977 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Nike by 3.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,239,456 shares of the footwear maker’s stock valued at $167,979,000 after purchasing an additional 93,581 shares during the period. 65.76% of the stock is owned by institutional investors and hedge funds.

In other Nike news, Chairman Mark G. Parker sold 135,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $70.00, for a total transaction of $9,450,000.00. Following the transaction, the chairman now directly owns 1,637,736 shares in the company, valued at approximately $114,641,520. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.90% of the stock is currently owned by company insiders.



NKE has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price target on Nike from $74.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Buckingham Research increased their price target on Nike from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. UBS set a $76.00 price target on Nike and gave the stock a “buy” rating in a report on Thursday, February 1st. Oppenheimer upgraded Nike to a “buy” rating in a report on Wednesday, January 31st. Finally, Citigroup restated a “buy” rating and set a $78.00 price target (up from $74.00) on shares of Nike in a report on Wednesday, January 31st. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $68.96.

Shares of Nike opened at $68.43 on Monday, Marketbeat Ratings reports. The company has a current ratio of 2.66, a quick ratio of 1.73 and a debt-to-equity ratio of 0.35. Nike has a 1-year low of $50.35 and a 1-year high of $70.25. The firm has a market cap of $111.33 billion, a price-to-earnings ratio of 29.62, a P/E/G ratio of 3.28 and a beta of 0.64.

Nike (NYSE:NKE) last issued its quarterly earnings data on Thursday, March 22nd. The footwear maker reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.15. Nike had a return on equity of 33.38% and a net margin of 5.11%. The business had revenue of $8.98 billion for the quarter, compared to analysts’ expectations of $8.85 billion. During the same period last year, the business earned $0.68 EPS. The business’s revenue was up 6.5% on a year-over-year basis. sell-side analysts forecast that Nike will post 2.33 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 5th. Shareholders of record on Monday, June 4th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.17%. Nike’s dividend payout ratio (DPR) is presently 31.87%.

About Nike

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. It offers NIKE brand products in nine categories: running, NIKE basketball, the Jordan brand, football, men's training, women's training, action sports, sportswear, and golf.

Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nike (NYSE:NKE).

Institutional Ownership by Quarter for Nike (NYSE:NKE)

Receive News & Ratings for Nike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nike and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply