Nike Inc (NKE) Shares Sold by Carroll Financial Associates Inc.

Carroll Financial Associates Inc. trimmed its stake in shares of Nike Inc (NYSE:NKE) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,442 shares of the footwear maker’s stock after selling 148 shares during the period. Carroll Financial Associates Inc.’s holdings in Nike were worth $714,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. AQR Capital Management LLC grew its stake in shares of Nike by 352.5% in the 3rd quarter. AQR Capital Management LLC now owns 3,839,908 shares of the footwear maker’s stock worth $325,317,000 after buying an additional 2,991,299 shares in the last quarter. Putnam Investments LLC grew its stake in shares of Nike by 2,572.6% in the 3rd quarter. Putnam Investments LLC now owns 1,791,717 shares of the footwear maker’s stock worth $151,794,000 after buying an additional 1,724,676 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Nike by 42.4% in the 3rd quarter. American Century Companies Inc. now owns 5,309,879 shares of the footwear maker’s stock worth $449,853,000 after buying an additional 1,582,009 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Nike by 963.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,498,265 shares of the footwear maker’s stock worth $126,933,000 after buying an additional 1,357,419 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Nike by 9.2% in the 3rd quarter. Jennison Associates LLC now owns 16,095,107 shares of the footwear maker’s stock worth $1,363,577,000 after buying an additional 1,354,484 shares in the last quarter. 63.99% of the stock is owned by institutional investors.

Shares of NKE opened at $76.04 on Friday. Nike Inc has a 1-year low of $62.09 and a 1-year high of $86.04. The stock has a market cap 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 current ratio of 2.14 and a quick ratio of 1.40.



Nike (NYSE:NKE) last posted its earnings results on Thursday, December 20th. The footwear maker reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. The business had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.17 billion. Nike had a net margin of 5.66% and a return on equity of 44.85%. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS. Research analysts forecast that Nike Inc will post 2.62 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 2nd. Shareholders of record on Monday, December 3rd were given a dividend of $0.22 per share. This is an increase from Nike’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, November 30th. This represents a $0.88 dividend on an annualized basis and a yield of 1.16%. Nike’s dividend payout ratio (DPR) is 36.36%.

A number of equities analysts have commented on the stock. Bank of America reissued a “sell” rating and issued a $50.00 price objective on shares of Nike in a research note on Friday, September 21st. Stifel Nicolaus raised their target price on shares of Nike from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, September 24th. Goldman Sachs Group set a $81.00 target price on shares of Nike and gave the stock a “buy” rating in a report on Thursday, September 20th. Pivotal Research set a $85.00 target price on shares of Nike and gave the stock a “hold” rating in a report on Friday, September 21st. Finally, Barclays raised their target price on shares of Nike to $100.00 and gave the stock an “overweight” rating in a report on Friday, September 21st. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $83.14.

In other Nike news, EVP John F. Slusher sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $74.05, for a total transaction of $14,810,000.00. Following the transaction, the executive vice president now owns 284,805 shares of the company’s stock, valued at approximately $21,089,810.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Mark G. Parker sold 150,000 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $73.68, for a total transaction of $11,052,000.00. Following the transaction, the chairman now directly owns 1,687,863 shares in the company, valued at approximately $124,361,745.84. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.

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Nike Profile

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.

See Also: Initial Public Offering (IPO)

Institutional Ownership by Quarter for Nike (NYSE:NKE)

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