Public Employees Retirement Association of Colorado Has $156.74 Million Holdings in Nike Inc (NKE)

Public Employees Retirement Association of Colorado raised its position in Nike Inc (NYSE:NKE) by 0.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,861,245 shares of the footwear maker’s stock after purchasing an additional 2,606 shares during the period. Nike accounts for 1.0% of Public Employees Retirement Association of Colorado’s investment portfolio, making the stock its 19th biggest position. Public Employees Retirement Association of Colorado’s holdings in Nike were worth $156,735,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc raised its position in shares of Nike by 1.2% during the 3rd quarter. Vanguard Group Inc now owns 102,670,288 shares of the footwear maker’s stock valued at $8,698,227,000 after buying an additional 1,207,986 shares in the last quarter. BlackRock Inc. raised its position in shares of Nike by 4.3% during the 4th quarter. BlackRock Inc. now owns 86,268,224 shares of the footwear maker’s stock valued at $6,395,928,000 after buying an additional 3,592,186 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Nike by 6,517.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 35,283,152 shares of the footwear maker’s stock valued at $476,000 after buying an additional 34,749,961 shares in the last quarter. Northern Trust Corp raised its position in shares of Nike by 2.4% during the 4th quarter. Northern Trust Corp now owns 20,985,790 shares of the footwear maker’s stock valued at $1,555,886,000 after buying an additional 491,974 shares in the last quarter. Finally, FMR LLC raised its position in shares of Nike by 10.2% during the 4th quarter. FMR LLC now owns 18,168,787 shares of the footwear maker’s stock valued at $1,347,034,000 after buying an additional 1,689,091 shares in the last quarter. 65.94% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP John F. Slusher sold 110,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $85.02, for a total transaction of $9,352,200.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Monique S. Matheson sold 16,500 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $88.21, for a total transaction of $1,455,465.00. The disclosure for this sale can be found here. Insiders have sold a total of 166,504 shares of company stock worth $14,320,816 in the last ninety days. Insiders own 3.90% of the company’s stock.



Shares of NKE opened at $83.67 on Wednesday. The stock has a market cap of $129.72 billion, a PE ratio of 34.57, a P/E/G ratio of 2.48 and a beta of 0.67. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.43 and a current ratio of 2.17. Nike Inc has a 1-year low of $66.53 and a 1-year high of $90.00.

Nike (NYSE:NKE) last announced its earnings results on Thursday, March 21st. The footwear maker reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. The firm had revenue of $9.61 billion for the quarter, compared to analyst estimates of $9.60 billion. Nike had a net margin of 10.79% and a return on equity of 45.78%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 EPS. Research analysts expect that Nike Inc will post 2.55 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, May 31st. Nike’s payout ratio is 36.36%.

NKE has been the topic of several research reports. Canaccord Genuity set a $96.00 price objective on shares of Nike and gave the company a “buy” rating in a research report on Monday, March 18th. Needham & Company LLC raised their price objective on shares of Nike to $92.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Credit Suisse Group restated a “buy” rating and set a $97.00 price objective on shares of Nike in a research report on Friday, March 22nd. Nomura raised their price objective on shares of Nike from $85.00 to $91.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Finally, Cowen set a $90.00 price objective on shares of Nike and gave the company a “buy” rating in a research report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $87.10.

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About Nike

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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