Jasper Ridge Partners L.P. maintained its stake in Nike, Inc. (NYSE:NKE) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,345,008 shares of the footwear maker’s stock at the close of the 2nd quarter. Nike makes up about 7.4% of Jasper Ridge Partners L.P.’s holdings, making the stock its 5th biggest holding. Jasper Ridge Partners L.P. owned approximately 0.18% of Nike worth $138,355,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. V Wealth Management LLC bought a new stake in shares of Nike during the 2nd quarter valued at $100,000. Asset Planning Services Ltd. grew its position in shares of Nike by 0.3% during the 2nd quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock valued at $126,000 after acquiring an additional 7 shares during the period. Rational Advisors LLC grew its position in shares of Nike by 14.3% during the 1st quarter. Rational Advisors LLC now owns 2,572 shares of the footwear maker’s stock valued at $143,000 after acquiring an additional 321 shares during the period. Kistler Tiffany Companies LLC grew its position in shares of Nike by 91.7% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock valued at $149,000 after acquiring an additional 1,209 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in shares of Nike by 7.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,780 shares of the footwear maker’s stock valued at $164,000 after acquiring an additional 201 shares during the period. Institutional investors and hedge funds own 62.57% of the company’s stock.
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A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Nike from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Citigroup Inc. reissued a “buy” rating and set a $65.00 price objective (down previously from $67.00) on shares of Nike in a research report on Wednesday, September 27th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $58.00 price objective (down previously from $63.00) on shares of Nike in a research report on Monday, August 21st. Vetr downgraded shares of Nike from a “buy” rating to a “hold” rating and set a $57.75 target price for the company. in a report on Thursday, October 26th. Finally, FBR & Co reaffirmed a “hold” rating and issued a $53.00 target price on shares of Nike in a report on Wednesday, September 27th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and twenty have assigned a buy rating to the company. Nike currently has an average rating of “Hold” and an average price target of $58.93.
In other Nike news, Chairman Mark G. Parker sold 135,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $55.03, for a total value of $7,429,050.00. Following the completion of the sale, the chairman now directly owns 1,637,736 shares in the company, valued at $90,124,612.08. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Johnathan A. Rodgers sold 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $53.45, for a total transaction of $855,200.00. Following the completion of the sale, the director now owns 25,660 shares of the company’s stock, valued at $1,371,527. The disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.
Nike, Inc. (NKE) opened at $56.09 on Friday. The stock has a market cap of $91,511.79, a P/E ratio of 23.87, a PEG ratio of 2.62 and a beta of 0.60. Nike, Inc. has a one year low of $49.75 and a one year high of $60.53. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.81 and a current ratio of 2.67.
Nike (NYSE:NKE) last announced its earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.09. The company had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.08 billion. Nike had a net margin of 11.47% and a return on equity of 31.88%. Nike’s revenue was up .1% compared to the same quarter last year. During the same period last year, the firm earned $0.73 earnings per share. analysts predict that Nike, Inc. will post 2.29 EPS for the current year.
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.
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