NIKE, Inc. $NKE Shares Bought by EDENTREE ASSET MANAGEMENT Ltd

EDENTREE ASSET MANAGEMENT Ltd grew its holdings in NIKE, Inc. (NYSE:NKE) by 26.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 215,558 shares of the footwear maker’s stock after acquiring an additional 45,000 shares during the quarter. NIKE accounts for approximately 3.6% of EDENTREE ASSET MANAGEMENT Ltd’s investment portfolio, making the stock its 5th biggest position. EDENTREE ASSET MANAGEMENT Ltd’s holdings in NIKE were worth $15,029,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its position in shares of NIKE by 388.5% in the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock valued at $15,316,000 after buying an additional 160,980 shares in the last quarter. Caxton Associates LLP acquired a new position in NIKE in the 1st quarter valued at $311,000. United Bank raised its holdings in NIKE by 11.3% in the 2nd quarter. United Bank now owns 17,067 shares of the footwear maker’s stock valued at $1,212,000 after acquiring an additional 1,736 shares in the last quarter. Freedom Investment Management Inc. bought a new stake in shares of NIKE during the 2nd quarter valued at $262,000. Finally, Bleakley Financial Group LLC grew its holdings in shares of NIKE by 9.0% during the 2nd quarter. Bleakley Financial Group LLC now owns 13,245 shares of the footwear maker’s stock worth $941,000 after purchasing an additional 1,095 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Guggenheim reaffirmed a “buy” rating on shares of NIKE in a research note on Wednesday, December 31st. Royal Bank Of Canada restated a “buy” rating on shares of NIKE in a research report on Wednesday, January 21st. Needham & Company LLC lowered shares of NIKE from a “buy” rating to a “hold” rating in a research report on Thursday, January 8th. Barclays reissued a “neutral” rating on shares of NIKE in a research note on Thursday, January 15th. Finally, Oppenheimer restated an “outperform” rating on shares of NIKE in a research note on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $74.61.

NIKE Price Performance

NKE stock opened at $65.47 on Friday. The stock has a market cap of $96.92 billion, a price-to-earnings ratio of 38.51, a P/E/G ratio of 3.35 and a beta of 1.27. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.06 and a quick ratio of 1.40. The company has a 50 day simple moving average of $63.47 and a 200 day simple moving average of $67.43. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $82.44.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, December 18th. The footwear maker reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.16. The firm had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $12.19 billion. NIKE had a net margin of 5.43% and a return on equity of 18.43%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 earnings per share. Research analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be given a $0.41 dividend. The ex-dividend date is Monday, March 2nd. This represents a $1.64 annualized dividend and a yield of 2.5%. NIKE’s dividend payout ratio (DPR) is currently 96.47%.

Insider Buying and Selling at NIKE

In other NIKE news, Director Timothy D. Cook acquired 50,000 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The stock was acquired at an average price of $58.97 per share, for a total transaction of $2,948,500.00. Following the acquisition, the director directly owned 105,480 shares in the company, valued at $6,220,155.60. This represents a 90.12% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Elliott Hill bought 16,388 shares of the business’s stock in a transaction that occurred on Monday, December 29th. The shares were acquired at an average price of $61.10 per share, for a total transaction of $1,001,306.80. Following the completion of the transaction, the chief executive officer owned 241,587 shares in the company, valued at $14,760,965.70. This trade represents a 7.28% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders bought 75,079 shares of company stock worth $4,449,887. 0.80% of the stock is currently owned by insiders.

NIKE Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).