Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Nike Inc (NYSE:NKE) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 314,786 shares of the footwear maker’s stock after buying an additional 12,589 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Nike were worth $16,322,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sterneck Capital Management LLC grew its stake in shares of Nike by 3.7% in the first quarter. Sterneck Capital Management LLC now owns 15,206 shares of the footwear maker’s stock worth $847,000 after acquiring an additional 539 shares during the period. Edgestream Partners L.P. bought a new stake in shares of Nike in the first quarter worth approximately $845,000. Aveo Capital Partners LLC grew its stake in shares of Nike by 1.7% in the first quarter. Aveo Capital Partners LLC now owns 6,066 shares of the footwear maker’s stock worth $338,000 after acquiring an additional 104 shares during the period. Sterling Investment Advisors Ltd. grew its stake in shares of Nike by 500.0% in the first quarter. Sterling Investment Advisors Ltd. now owns 3,600 shares of the footwear maker’s stock worth $201,000 after acquiring an additional 3,000 shares during the period. Finally, Colonial Trust Advisors boosted its holdings in shares of Nike by 0.8% in the first quarter. Colonial Trust Advisors now owns 114,104 shares of the footwear maker’s stock worth $6,189,000 after buying an additional 887 shares during the last quarter. 62.97% of the stock is owned by institutional investors and hedge funds.

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A number of equities analysts recently issued reports on NKE shares. Goldman Sachs Group downgraded shares of Nike from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $52.30 to $54.00 in a report on Thursday, October 19th. Vetr raised shares of Nike from a “hold” rating to a “buy” rating and set a $58.95 price objective on the stock in a report on Monday, October 30th. Robert W. Baird reaffirmed a “buy” rating on shares of Nike in a report on Friday, October 13th. Argus raised shares of Nike from a “hold” rating to a “buy” rating and lifted their price target for the company from $50.35 to $64.46 in a report on Thursday, December 14th. Finally, Forward View raised shares of Nike from a “sell” rating to a “hold” rating in a report on Sunday, October 29th. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-one have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $64.94.

In related news, EVP Monique S. Matheson sold 10,000 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $62.00, for a total value of $620,000.00. Following the completion of the sale, the executive vice president now directly owns 23,248 shares of the company’s stock, valued at $1,441,376. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Eric D. Sprunk sold 226,040 shares of the stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $63.10, for a total transaction of $14,263,124.00. Following the sale, the insider now directly owns 165,591 shares of the company’s stock, valued at $10,448,792.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 967,896 shares of company stock valued at $60,257,267. 3.90% of the stock is owned by insiders.

Nike Inc (NYSE NKE) opened at $67.58 on Tuesday. The company has a quick ratio of 1.67, a current ratio of 2.46 and a debt-to-equity ratio of 0.30. The company has a market cap of $110,260.00, a PE ratio of 29.26, a PEG ratio of 3.08 and a beta of 0.64. Nike Inc has a 1-year low of $50.35 and a 1-year high of $68.64.

Nike (NYSE:NKE) last posted its quarterly earnings results on Thursday, December 21st. The footwear maker reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.06. Nike had a net margin of 11.13% and a return on equity of 31.64%. The firm had revenue of $8.55 billion for the quarter, compared to analysts’ expectations of $8.39 billion. During the same period in the prior year, the business posted $0.50 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. research analysts predict that Nike Inc will post 2.25 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 4th were paid a $0.20 dividend. The ex-dividend date was Friday, December 1st. This is a positive change from Nike’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 1.18%. Nike’s dividend payout ratio is 34.63%.

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Nike Company Profile

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

Institutional Ownership by Quarter for Nike (NYSE:NKE)

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