Guggenheim Capital LLC Reduces Position in Nike Inc (NKE)

Guggenheim Capital LLC lowered its position in shares of Nike Inc (NYSE:NKE) by 11.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 717,565 shares of the footwear maker’s stock after selling 96,439 shares during the period. Guggenheim Capital LLC’s holdings in Nike were worth $36,474,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ellington Management Group LLC increased its stake in shares of Nike by 50.4% in the fourth quarter. Ellington Management Group LLC now owns 20,300 shares of the footwear maker’s stock worth $1,032,000 after buying an additional 6,800 shares in the last quarter. Ancora Advisors LLC increased its stake in shares of Nike by 591.0% in the fourth quarter. Ancora Advisors LLC now owns 72,482 shares of the footwear maker’s stock worth $3,684,000 after buying an additional 61,993 shares in the last quarter. Friess Associates LLC bought a new stake in shares of Nike during the fourth quarter worth about $8,641,000. SRS Capital Advisors Inc. bought a new stake in shares of Nike during the fourth quarter worth about $120,000. Finally, Moloney Securities Asset Management LLC bought a new stake in shares of Nike during the fourth quarter worth about $611,000. Hedge funds and other institutional investors own 62.23% of the company’s stock.

Institutional Ownership by Quarter for Nike (NYSE:NKE)

Shares of Nike Inc (NYSE:NKE) opened at 56.36 on Friday. The firm has a market cap of $93.25 billion, a P/E ratio of 24.85 and a beta of 0.44. The company’s 50 day moving average price is $56.45 and its 200-day moving average price is $53.41. Nike Inc has a 12-month low of $49.01 and a 12-month high of $62.64.

Nike (NYSE:NKE) last released its quarterly earnings data on Tuesday, March 21st. The footwear maker reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.15. The company had revenue of $8.43 billion for the quarter, compared to analyst estimates of $8.47 billion. Nike had a net margin of 11.60% and a return on equity of 31.70%. Nike’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 EPS. On average, equities research analysts anticipate that Nike Inc will post $2.34 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Monday, March 6th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, March 2nd. This represents a $0.72 annualized dividend and a dividend yield of 1.28%. Nike’s dividend payout ratio is presently 31.72%.

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A number of analysts recently issued reports on the company. Stifel Nicolaus set a $68.00 price target on Nike and gave the stock a “buy” rating in a research report on Sunday, December 25th. B. Riley restated a “neutral” rating and issued a $56.00 price target on shares of Nike in a research report on Wednesday. Piper Jaffray Companies set a $52.00 price target on Nike and gave the stock a “hold” rating in a research report on Sunday, December 18th. Deutsche Bank AG set a $65.00 price target on Nike and gave the stock a “buy” rating in a research report on Sunday, December 18th. Finally, Citigroup Inc restated a “buy” rating and issued a $64.00 price target on shares of Nike in a research report on Wednesday, December 21st. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $61.46.

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

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