Dupont Capital Management Corp Acquires 20,432 Shares of Nike Inc (NKE)

Dupont Capital Management Corp increased its holdings in shares of Nike Inc (NYSE:NKE) by 30.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,866 shares of the footwear maker’s stock after purchasing an additional 20,432 shares during the period. Dupont Capital Management Corp’s holdings in Nike were worth $6,514,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NKE. Baystate Wealth Management LLC lifted its stake in shares of Nike by 5.8% in the 4th quarter. Baystate Wealth Management LLC now owns 2,304 shares of the footwear maker’s stock worth $185,000 after acquiring an additional 127 shares during the period. Lee Danner & Bass Inc. lifted its stake in shares of Nike by 2.9% in the 4th quarter. Lee Danner & Bass Inc. now owns 5,071 shares of the footwear maker’s stock worth $376,000 after acquiring an additional 144 shares during the period. Gemmer Asset Management LLC lifted its stake in shares of Nike by 54.2% in the 4th quarter. Gemmer Asset Management LLC now owns 427 shares of the footwear maker’s stock worth $32,000 after acquiring an additional 150 shares during the period. Wealth Architects LLC lifted its stake in shares of Nike by 4.5% in the 4th quarter. Wealth Architects LLC now owns 3,693 shares of the footwear maker’s stock worth $274,000 after acquiring an additional 158 shares during the period. Finally, Connecticut Wealth Management LLC increased its holdings in shares of Nike by 6.6% in the 4th quarter. Connecticut Wealth Management LLC now owns 2,900 shares of the footwear maker’s stock valued at $215,000 after purchasing an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 66.93% of the company’s stock.

Shares of NYSE NKE opened at $83.68 on Tuesday. The stock has a market cap of $129.62 billion, a PE ratio of 34.58, a PEG ratio of 2.54 and a beta of 0.69. Nike Inc has a 12 month low of $63.21 and a 12 month high of $86.04. The company has a quick ratio of 1.40, a current ratio of 2.14 and a debt-to-equity ratio of 0.40.



Nike (NYSE:NKE) last issued its quarterly earnings results on Thursday, December 20th. The footwear maker reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. The business had revenue of $9.37 billion during 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 quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 earnings per share. On average, research analysts predict that Nike Inc will post 2.63 earnings per share for the current fiscal year.

In other news, EVP John F. Slusher sold 200,000 shares of Nike 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 completion of the sale, the executive vice president now directly owns 284,805 shares in the company, valued at $21,089,810.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Mark G. Parker sold 150,000 shares of Nike stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $82.00, for a total transaction of $12,300,000.00. Following the sale, the chairman now owns 1,539,963 shares of the company’s stock, valued at $126,276,966. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 800,000 shares of company stock valued at $61,862,000. Insiders own 3.90% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. Credit Suisse Group set a $90.00 price target on shares of Nike and gave the company a “buy” rating in a report on Wednesday, January 2nd. UBS Group reiterated a “neutral” rating on shares of Nike in a report on Wednesday, October 17th. Macquarie set a $98.00 price target on shares of Nike and gave the company a “buy” rating in a report on Tuesday, December 4th. Wells Fargo & Co set a $82.00 price target on shares of Nike and gave the company a “neutral” rating in a report on Monday, November 19th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $94.00 price target on shares of Nike in a report on Monday, November 19th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-five have assigned a buy rating to the stock. Nike currently has a consensus rating of “Buy” and a consensus target price of $84.19.

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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.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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