WINTON GROUP Ltd Has $19.16 Million Holdings in NIKE, Inc. $NKE

WINTON GROUP Ltd lifted its stake in shares of NIKE, Inc. (NYSE:NKE) by 15.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 269,696 shares of the footwear maker’s stock after buying an additional 35,236 shares during the period. NIKE comprises approximately 1.0% of WINTON GROUP Ltd’s investment portfolio, making the stock its 7th biggest position. WINTON GROUP Ltd’s holdings in NIKE were worth $19,159,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of NIKE by 0.6% during the second quarter. Vanguard Group Inc. now owns 113,823,785 shares of the footwear maker’s stock valued at $8,086,042,000 after purchasing an additional 672,705 shares in the last quarter. Wellington Management Group LLP increased its position in NIKE by 24.9% during the 1st quarter. Wellington Management Group LLP now owns 45,383,916 shares of the footwear maker’s stock valued at $2,880,971,000 after purchasing an additional 9,043,180 shares during the period. Invesco Ltd. raised its holdings in NIKE by 66.1% during the 2nd quarter. Invesco Ltd. now owns 12,157,198 shares of the footwear maker’s stock worth $863,647,000 after purchasing an additional 4,840,114 shares during the last quarter. Norges Bank acquired a new position in shares of NIKE in the 2nd quarter worth approximately $835,063,000. Finally, Flossbach Von Storch SE boosted its stake in shares of NIKE by 9.5% in the 2nd quarter. Flossbach Von Storch SE now owns 11,265,390 shares of the footwear maker’s stock valued at $800,293,000 after purchasing an additional 978,771 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Activity

In related news, Director Jorgen Vig Knudstorp acquired 16,150 shares of the company’s stock in a transaction on Friday, November 7th. The shares were acquired at an average cost of $62.09 per share, for a total transaction of $1,002,753.50. Following the purchase, the director owned 21,388 shares in the company, valued at approximately $1,327,980.92. The trade was a 308.32% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Mark G. Parker sold 86,078 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $64.80, for a total transaction of $5,577,854.40. Following the completion of the sale, the chairman owned 647,615 shares of the company’s stock, valued at approximately $41,965,452. The trade was a 11.73% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NKE shares. Stifel Nicolaus set a $68.00 target price on shares of NIKE and gave the company a “hold” rating in a report on Wednesday, October 1st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of NIKE in a research note on Friday, October 10th. Weiss Ratings reissued a “sell (d+)” rating on shares of NIKE in a research note on Monday, December 1st. KeyCorp set a $90.00 price objective on shares of NIKE and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $75.00 price target on shares of NIKE in a research note on Wednesday, October 1st. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $82.24.

NIKE Stock Up 0.3%

NIKE stock opened at $65.90 on Monday. The firm has a market capitalization of $97.41 billion, a price-to-earnings ratio of 33.79, a price-to-earnings-growth ratio of 2.31 and a beta of 1.28. The firm’s fifty day moving average price is $66.04 and its two-hundred day moving average price is $69.22. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $82.44. The company has a current ratio of 2.19, a quick ratio of 1.45 and a debt-to-equity ratio of 0.59.

NIKE (NYSE:NKE) last posted its earnings results on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, topping the consensus estimate of $0.27 by $0.22. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The company had revenue of $11.72 billion during the quarter, compared to the consensus estimate of $10.96 billion. During the same period in the previous year, the firm posted $0.70 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities research analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.5%. This is a boost from NIKE’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, December 1st. NIKE’s dividend payout ratio (DPR) is currently 84.10%.

NIKE Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.