Capital International Sarl Raises Position in Nike Inc (NYSE:NKE)

Capital International Sarl grew its holdings in shares of Nike Inc (NYSE:NKE) by 38.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,052 shares of the footwear maker’s stock after purchasing an additional 10,631 shares during the quarter. Capital International Sarl’s holdings in Nike were worth $3,855,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. FMR LLC lifted its stake in shares of Nike by 4.5% during the 4th quarter. FMR LLC now owns 30,077,288 shares of the footwear maker’s stock worth $3,047,131,000 after purchasing an additional 1,302,351 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Nike by 36.5% during the 4th quarter. Alliancebernstein L.P. now owns 15,559,748 shares of the footwear maker’s stock worth $1,576,358,000 after purchasing an additional 4,159,675 shares during the period. Polen Capital Management LLC raised its position in shares of Nike by 3.1% in the 4th quarter. Polen Capital Management LLC now owns 10,881,540 shares of the footwear maker’s stock worth $1,102,409,000 after buying an additional 330,620 shares during the period. Franklin Resources Inc. raised its position in shares of Nike by 5.3% in the 4th quarter. Franklin Resources Inc. now owns 10,450,561 shares of the footwear maker’s stock worth $1,058,739,000 after buying an additional 524,108 shares during the period. Finally, Capital International Investors raised its position in shares of Nike by 4.4% in the 4th quarter. Capital International Investors now owns 9,072,251 shares of the footwear maker’s stock worth $919,109,000 after buying an additional 379,211 shares during the period. 65.40% of the stock is currently owned by institutional investors.

Several brokerages recently weighed in on NKE. Consumer Edge began coverage on Nike in a research report on Friday, December 27th. They issued an “overweight” rating and a $110.00 target price on the stock. Bank of America raised Nike from a “neutral” rating to a “buy” rating and cut their target price for the stock from $105.00 to $85.00 in a research report on Friday, March 20th. Wells Fargo & Co cut their target price on Nike from $99.00 to $87.00 and set an “equal weight” rating on the stock in a research report on Monday, March 16th. Goldman Sachs Group reaffirmed a “buy” rating and issued a $102.00 target price on shares of Nike in a research report on Wednesday. Finally, Oppenheimer began coverage on Nike in a research report on Thursday, February 6th. They issued a “buy” rating and a $115.00 target price on the stock. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $97.79.

In other news, EVP Monique S. Matheson sold 16,500 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $101.54, for a total transaction of $1,675,410.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter B. Henry sold 2,416 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $101.14, for a total value of $244,354.24. Following the sale, the director now owns 4,046 shares of the company’s stock, valued at $409,212.44. The disclosure for this sale can be found here. Insiders have sold 271,916 shares of company stock valued at $27,686,864 over the last 90 days. Insiders own 3.80% of the company’s stock.

Shares of Nike stock traded up $4.26 during trading hours on Thursday, hitting $83.27. 8,194,395 shares of the company’s stock traded hands, compared to its average volume of 15,216,662. The stock has a 50 day simple moving average of $89.43 and a 200-day simple moving average of $93.68. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.66. The company has a market cap of $112.64 billion, a PE ratio of 30.73, a PEG ratio of 2.28 and a beta of 0.84. Nike Inc has a twelve month low of $60.00 and a twelve month high of $105.62.

Nike (NYSE:NKE) last announced its earnings results on Tuesday, March 24th. The footwear maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.19. The company had revenue of $10.10 billion during the quarter, compared to the consensus estimate of $9.56 billion. Nike had a return on equity of 51.28% and a net margin of 10.46%. The company’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $0.68 earnings per share. As a group, equities research analysts predict that Nike Inc will post 2.51 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.245 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.98 annualized dividend and a dividend yield of 1.18%. Nike’s dividend payout ratio is presently 39.36%.

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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