BT Investment Management Ltd Takes Position in Nike, Inc. (NKE)

BT Investment Management Ltd purchased a new stake in shares of Nike, Inc. (NYSE:NKE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 16,257 shares of the footwear maker’s stock, valued at approximately $959,000.

Several other hedge funds have also added to or reduced their stakes in NKE. Wills Financial Group Inc. raised its stake in shares of Nike by 2.8% during the first quarter. Wills Financial Group Inc. now owns 27,346 shares of the footwear maker’s stock valued at $1,524,000 after acquiring an additional 743 shares during the last quarter. Argent Trust Co raised its stake in Nike by 2.6% during the first quarter. Argent Trust Co now owns 12,020 shares of the footwear maker’s stock worth $670,000 after buying an additional 310 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in Nike by 0.3% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,937,749 shares of the footwear maker’s stock worth $163,721,000 after buying an additional 7,447 shares during the last quarter. Rational Advisors LLC raised its stake in Nike by 14.3% during the first quarter. Rational Advisors LLC now owns 2,572 shares of the footwear maker’s stock worth $143,000 after buying an additional 321 shares during the last quarter. Finally, Windsor Capital Management LLC bought a new position in Nike during the first quarter worth $290,000. 62.24% of the stock is owned by hedge funds and other institutional investors.

In other Nike news, Director Johnathan A. Rodgers sold 16,000 shares of the business’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 value of $855,200.00. Following the completion of the transaction, the director now owns 25,660 shares of the company’s stock, valued at approximately $1,371,527. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Mark G. Parker sold 135,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $55.03, for a total transaction of $7,429,050.00. Following the completion of the transaction, the chairman now directly owns 1,637,736 shares of the company’s stock, valued at approximately $90,124,612.08. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

NKE has been the subject of a number of analyst reports. Morgan Stanley raised shares of Nike from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $56.00 to $68.00 in a research note on Wednesday, July 19th. Stifel Nicolaus set a $66.00 target price on shares of Nike and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Piper Jaffray Companies set a $53.00 target price on shares of Nike and gave the stock a “hold” rating in a research note on Saturday, July 22nd. Guggenheim reissued a “buy” rating and set a $70.00 target price on shares of Nike in a research note on Monday, July 24th. Finally, Zacks Investment Research raised shares of Nike from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and twenty have assigned a buy rating to the company’s stock. Nike has a consensus rating of “Hold” and a consensus target price of $58.93.

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Shares of Nike, Inc. (NYSE:NKE) opened at $56.63 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.81 and a current ratio of 2.67. The firm has a market cap of $91,332.32, a P/E ratio of 23.82, a P/E/G ratio of 2.62 and a beta of 0.60. Nike, Inc. has a twelve month low of $49.95 and a twelve month high of $60.53.

Nike (NYSE:NKE) last posted its earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.09. The business had revenue of $9.07 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.73 EPS. analysts forecast that Nike, Inc. will post 2.29 earnings per share for the current fiscal year.

Nike 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.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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