Nike, Inc. (NKE) Stake Held by Reliant Investment Management LLC

Reliant Investment Management LLC maintained its position in shares of Nike, Inc. (NYSE:NKE) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,631 shares of the footwear maker’s stock at the end of the third quarter. Nike comprises about 2.7% of Reliant Investment Management LLC’s portfolio, making the stock its 14th largest position. Reliant Investment Management LLC’s holdings in Nike were worth $3,016,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of NKE. Capital Investment Advisors LLC boosted its position in shares of Nike by 0.3% in the third quarter. Capital Investment Advisors LLC now owns 3,885 shares of the footwear maker’s stock worth $205,000 after buying an additional 12 shares in the last quarter. BancorpSouth Inc boosted its position in shares of Nike by 0.4% in the third quarter. BancorpSouth Inc now owns 7,406 shares of the footwear maker’s stock worth $390,000 after buying an additional 33 shares in the last quarter. Empirical Financial Services LLC boosted its position in shares of Nike by 0.8% in the third quarter. Empirical Financial Services LLC now owns 5,549 shares of the footwear maker’s stock worth $292,000 after buying an additional 45 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of Nike by 0.5% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 10,336 shares of the footwear maker’s stock worth $544,000 after buying an additional 49 shares in the last quarter. Finally, Trust Investment Advisors boosted its position in shares of Nike by 1.0% in the third quarter. Trust Investment Advisors now owns 5,265 shares of the footwear maker’s stock worth $277,000 after buying an additional 50 shares in the last quarter. 62.23% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Nike (NYSE:NKE)

Shares of Nike, Inc. (NYSE:NKE) opened at 56.22 on Monday. The company has a 50 day moving average price of $52.98 and a 200 day moving average price of $53.41. The company has a market cap of $93.01 billion, a price-to-earnings ratio of 24.79 and a beta of 0.44. Nike, Inc. has a one year low of $49.01 and a one year high of $65.44.

Nike (NYSE:NKE) last posted its earnings results on Tuesday, December 20th. The footwear maker reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.07. The company earned $8.20 billion during the quarter. Nike had a return on equity of 31.70% and a net margin of 11.60%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 EPS. Equities analysts predict that Nike, Inc. will post $2.34 EPS for the current year.

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A number of research firms recently issued reports on NKE. B. Riley reiterated a “neutral” rating and set a $56.00 price objective on shares of Nike in a research note on Friday, December 16th. Piper Jaffray Companies set a $52.00 price objective on Nike and gave the company a “hold” rating in a research note on Sunday, December 18th. Deutsche Bank AG set a $65.00 price objective on Nike and gave the company a “buy” rating in a research note on Sunday, December 18th. Stifel Nicolaus set a $68.00 price objective on Nike and gave the company a “buy” rating in a research note on Sunday, December 25th. Finally, Goldman Sachs Group, Inc. (The) set a $61.00 price objective on Nike and gave the company a “buy” rating in a research note on Wednesday, December 21st. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $62.09.

In other Nike news, EVP David J. Ayre sold 200,000 shares of the company’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $52.39, for a total transaction of $10,478,000.00. Following the completion of the sale, the executive vice president now owns 357,713 shares in the company, valued at $18,740,584.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Mark G. Parker sold 100,000 shares of the company’s stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $52.94, for a total value of $5,294,000.00. Following the sale, the chairman now owns 1,966,235 shares of the company’s stock, valued at approximately $104,092,480.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 636,000 shares of company stock valued at $33,477,680. 3.90% of the stock is owned by company insiders.

Nike Company Profile

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

5 Day Chart for NYSE:NKE

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