Rock Creek Group LP Increases Holdings in NIKE, Inc. (NYSE:NKE)

Rock Creek Group LP boosted its position in shares of NIKE, Inc. (NYSE:NKE) by 31.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,345 shares of the footwear maker’s stock after purchasing an additional 567 shares during the quarter. Rock Creek Group LP’s holdings in NIKE were worth $362,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. TFC Financial Management raised its stake in shares of NIKE by 6.1% during the 2nd quarter. TFC Financial Management now owns 1,041 shares of the footwear maker’s stock worth $161,000 after buying an additional 60 shares during the last quarter. Delta Asset Management LLC TN increased its stake in NIKE by 8.1% in the second quarter. Delta Asset Management LLC TN now owns 896 shares of the footwear maker’s stock valued at $138,000 after purchasing an additional 67 shares during the last quarter. MainStreet Investment Advisors LLC increased its stake in shares of NIKE by 1.3% during the 2nd quarter. MainStreet Investment Advisors LLC now owns 5,322 shares of the footwear maker’s stock valued at $822,000 after acquiring an additional 67 shares during the last quarter. Chilton Investment Co. LLC boosted its holdings in shares of NIKE by 1.6% in the 2nd quarter. Chilton Investment Co. LLC now owns 4,457 shares of the footwear maker’s stock valued at $689,000 after purchasing an additional 69 shares during the last quarter. Finally, Princeton Global Asset Management LLC raised its position in shares of NIKE by 39.8% in the 2nd quarter. Princeton Global Asset Management LLC now owns 246 shares of the footwear maker’s stock worth $38,000 after buying an additional 70 shares during the period. 64.45% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE NKE opened at $158.76 on Wednesday. The company has a quick ratio of 2.01, a current ratio of 2.72 and a debt-to-equity ratio of 0.74. NIKE, Inc. has a 52-week low of $111.74 and a 52-week high of $174.38. The company has a market cap of $251.13 billion, a PE ratio of 44.60, a PEG ratio of 2.49 and a beta of 0.87. The firm’s 50-day moving average price is $165.76 and its 200-day moving average price is $146.63.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Wednesday, June 23rd. The footwear maker reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.42. The business had revenue of $12.30 billion for the quarter, compared to analysts’ expectations of $11.02 billion. NIKE had a return on equity of 51.41% and a net margin of 12.86%. The business’s quarterly revenue was up 94.8% on a year-over-year basis. During the same period last year, the firm earned ($0.51) earnings per share. As a group, equities research analysts anticipate that NIKE, Inc. will post 4.3 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 1st. Investors of record on Monday, August 30th will be issued a dividend of $0.275 per share. The ex-dividend date is Friday, August 27th. This represents a $1.10 annualized dividend and a yield of 0.69%. NIKE’s payout ratio is 30.90%.

In other news, CFO Matthew Friend sold 3,546 shares of the company’s stock in a transaction that occurred on Thursday, August 5th. The stock was sold at an average price of $171.50, for a total transaction of $608,139.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Andrew Campion sold 7,125 shares of the business’s stock in a transaction on Thursday, August 5th. The stock was sold at an average price of $171.50, for a total value of $1,221,937.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 379,671 shares of company stock worth $60,634,427. Company insiders own 3.70% of the company’s stock.

Several equities research analysts recently commented on the company. Royal Bank of Canada raised their target price on NIKE from $165.00 to $183.00 and gave the company an “outperform” rating in a report on Friday, June 25th. Oppenheimer increased their target price on NIKE from $150.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, July 23rd. DZ Bank reissued a “sell” rating on shares of NIKE in a research note on Friday, June 25th. Credit Suisse Group lifted their price target on NIKE from $165.00 to $183.00 and gave the company an “outperform” rating in a research report on Friday, June 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of NIKE from $161.00 to $179.00 and gave the stock a “buy” rating in a research note on Friday, June 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $173.26.

NIKE Company Profile

NIKE, Inc engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America; Europe, Middle East & Africa; Greater China; Asia Pacific & Latin America; Global Brand Divisions; Converse; and Corporate.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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