Jacobs & Co. CA Buys 810 Shares of NIKE, Inc. (NYSE:NKE)


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Jacobs & Co. CA raised its stake in NIKE, Inc. (NYSE:NKE) by 0.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 122,156 shares of the footwear maker’s stock after purchasing an additional 810 shares during the period. NIKE accounts for 2.0% of Jacobs & Co. CA’s holdings, making the stock its 11th biggest holding. Jacobs & Co. CA’s holdings in NIKE were worth $16,233,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Altium Wealth Management LLC increased its stake in NIKE by 7.4% in the fourth quarter. Altium Wealth Management LLC now owns 13,338 shares of the footwear maker’s stock valued at $1,887,000 after purchasing an additional 916 shares in the last quarter. Ninety One North America Inc. increased its stake in NIKE by 4.4% in the fourth quarter. Ninety One North America Inc. now owns 58,681 shares of the footwear maker’s stock valued at $8,302,000 after purchasing an additional 2,496 shares in the last quarter. EFG Asset Management Americas Corp. increased its position in shares of NIKE by 4.4% during the fourth quarter. EFG Asset Management Americas Corp. now owns 60,956 shares of the footwear maker’s stock worth $8,629,000 after acquiring an additional 2,559 shares in the last quarter. SOA Wealth Advisors LLC. bought a new stake in shares of NIKE during the fourth quarter worth about $4,074,000. Finally, Mariner LLC increased its position in shares of NIKE by 22.9% during the fourth quarter. Mariner LLC now owns 324,369 shares of the footwear maker’s stock worth $45,889,000 after acquiring an additional 60,384 shares in the last quarter. 64.20% of the stock is owned by hedge funds and other institutional investors.

Shares of NKE stock traded down $0.74 during trading on Thursday, reaching $135.80. 172,401 shares of the company’s stock traded hands, compared to its average volume of 6,261,050. The company has a market capitalization of $214.09 billion, a P/E ratio of 78.02, a PEG ratio of 2.51 and a beta of 0.83. The company has a current ratio of 2.66, a quick ratio of 1.97 and a debt-to-equity ratio of 0.88. The firm’s 50-day moving average is $136.90 and its 200 day moving average is $135.02. NIKE, Inc. has a 1 year low of $83.61 and a 1 year high of $147.95.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Wednesday, March 17th. The footwear maker reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.15. The company had revenue of $10.40 billion for the quarter, compared to analysts’ expectations of $10.98 billion. NIKE had a net margin of 7.39% and a return on equity of 34.89%. NIKE’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.78 EPS. As a group, sell-side analysts predict that NIKE, Inc. will post 2.96 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 1st. Investors of record on Monday, March 1st were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Friday, February 26th. NIKE’s payout ratio is currently 59.46%.

NKE has been the subject of several recent research reports. DZ Bank reissued a “sell” rating on shares of NIKE in a research report on Monday, January 4th. Needham & Company LLC boosted their target price on shares of NIKE from $149.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, December 21st. Telsey Advisory Group boosted their target price on shares of NIKE from $155.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, December 21st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price target on shares of NIKE from $137.00 to $157.00 in a report on Monday, December 21st. Finally, UBS Group set a $183.00 price target on shares of NIKE and gave the stock a “buy” rating in a report on Friday, March 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirty-one have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $159.89.

In related news, Chairman Mark G. Parker sold 114,094 shares of the company’s stock in a transaction that occurred on Friday, March 26th. The shares were sold at an average price of $130.67, for a total transaction of $14,908,662.98. Following the sale, the chairman now directly owns 1,537,729 shares in the company, valued at approximately $200,935,048.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.80% of the company’s stock.

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, including 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, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other 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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