Nike Inc (NKE) Shares Bought by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can increased its position in Nike Inc (NYSE:NKE) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,097,617 shares of the footwear maker’s stock after buying an additional 90,845 shares during the quarter. Great West Life Assurance Co. Can owned about 0.13% of Nike worth $149,660,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CIBC Asset Management Inc lifted its holdings in shares of Nike by 10.5% during the fourth quarter. CIBC Asset Management Inc now owns 148,746 shares of the footwear maker’s stock valued at $11,028,000 after purchasing an additional 14,174 shares during the last quarter. King Luther Capital Management Corp lifted its holdings in shares of Nike by 5.2% during the fourth quarter. King Luther Capital Management Corp now owns 880,412 shares of the footwear maker’s stock valued at $65,274,000 after purchasing an additional 43,788 shares during the last quarter. Banco Santander S.A. lifted its holdings in shares of Nike by 14.1% during the fourth quarter. Banco Santander S.A. now owns 26,700 shares of the footwear maker’s stock valued at $1,980,000 after purchasing an additional 3,292 shares during the last quarter. Employees Retirement System of Texas lifted its holdings in shares of Nike by 174.5% during the fourth quarter. Employees Retirement System of Texas now owns 153,700 shares of the footwear maker’s stock valued at $11,395,000 after purchasing an additional 97,700 shares during the last quarter. Finally, Fiera Capital Corp lifted its holdings in shares of Nike by 2.6% during the fourth quarter. Fiera Capital Corp now owns 5,430,445 shares of the footwear maker’s stock valued at $402,613,000 after purchasing an additional 135,426 shares during the last quarter. Institutional investors and hedge funds own 64.85% of the company’s stock.

Shares of Nike stock opened at $86.80 on Friday. The stock has a market capitalization of $136.72 billion, a P/E ratio of 35.87, a price-to-earnings-growth ratio of 2.64 and a beta of 0.68. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.14 and a quick ratio of 1.40. Nike Inc has a 1 year low of $63.21 and a 1 year high of $87.99.

Nike (NYSE:NKE) last announced its quarterly earnings data on Thursday, December 20th. The footwear maker reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.06. The firm had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.17 billion. Nike had a return on equity of 44.85% and a net margin of 5.66%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 EPS. On average, research analysts forecast that Nike Inc will post 2.63 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 4th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, March 1st. Nike’s payout ratio is currently 36.36%.

In other Nike news, EVP John F. Slusher sold 200,000 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $74.05, for a total value of $14,810,000.00. Following the transaction, the executive vice president now directly owns 284,805 shares of the company’s stock, valued at approximately $21,089,810.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Mark G. Parker sold 150,000 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $73.68, for a total value of $11,052,000.00. Following the completion of the transaction, the chairman now directly owns 1,687,863 shares in the company, valued at $124,361,745.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 800,000 shares of company stock worth $61,862,000. Insiders own 3.90% of the company’s stock.

Several brokerages have recently commented on NKE. Wedbush upped their target price on Nike from $90.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday. UBS Group reaffirmed a “neutral” rating and set a $86.00 target price on shares of Nike in a report on Friday, February 15th. Oppenheimer upped their target price on Nike from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, February 8th. Rowe raised Nike from a “sell” rating to an “outperform” rating and set a $100.00 target price for the company in a report on Friday, February 8th. Finally, Cowen raised Nike from a “market perform” rating to an “outperform” rating and upped their target price for the company from $80.00 to $90.00 in a report on Tuesday, January 22nd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $84.59.

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Nike Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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