If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, NKE earned gross profit of 12.45 Billion, in 2015 14.07 Billion gross profit, while in 2016 NIKE, Inc. The fund owned 4,423,909 shares of the footwear maker's stock after buying an additional 823,384 shares during the period.
Addenda Capital Inc increased Nike Inc (NKE) stake by 11.42% reported in 2016Q4 SEC filing. It is positive, as 84 investors sold NKE shares while 443 reduced holdings. Paragon Capital Management LLC now owns 197,558 shares of the footwear maker's stock valued at $10,401,000 after buying an additional 5,595 shares during the period. Paragon Capital Management LLC raised its position in shares of Nike by 2.9% in the third quarter. The Bristol John W & Company Inc holds 1.50 million shares with $76.21M value, up from 1.18 million last quarter. Personal Capital Advisors Corp raised its position in shares of Nike by 15.5% in the first quarter. Morgan Stanley now owns 22,764,806 shares of the footwear maker's stock valued at $1,198,567,000 after buying an additional 2,090,700 shares during the last quarter. Finally, First American Bank boosted its position in shares of Nike by 23.6% in the first quarter. Montecito Bank & Trust now owns 7,200 shares of the footwear maker's stock valued at $402,000 after buying an additional 24 shares during the period. Following the completion of the transaction, the director now directly owns 55,660 shares of the company's stock, valued at $3,142,007.
Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for NIKE, Inc. the EPS stands at 0.68 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.53, suggesting the stock exceeded the analysts' expectations. The firm's 50-day moving average price is $54.89 and its 200 day moving average price is $53.84. The company has a market cap of $85.44 billion, a P/E ratio of 21.592 and a beta of 0.44.
Nike (NYSE:NKE) last released its quarterly earnings results on Tuesday, March 21st. The footwear maker reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.15. Nike had a return on equity of 31.70% and a net margin of 11.60%. The firm had revenue of $8.43 billion for the quarter, compared to the consensus estimate of $8.47 billion. They expect $0.62 EPS, up 3.33% or $0.02 from last year's $0.6 per share. For the next quarter the company has anticipated average revenues of $9.52B, according to the sentiments of 22 analysts.
Ranieri proud to pass Premier League title to Chelsea's Conte
The Dutchman added: "The dressing room was quiet, too quiet, people avoiding each other a bit. Jose Mourinho with his first league title for Chelsea .
Analyst's Analysis on NIKE, Inc.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Monday, June 5th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, June 1st. Its up 0.08, from 1.2 in 2016Q3. Nike's dividend payout ratio is 31.72%. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & worldwide copyright and trademark legislation. If you are reading this piece on another site, it was stolen and republished in violation of US and worldwide copyright & trademark laws. NKE has been the subject of a number of recent analyst reports. Vetr downgraded Nike from a "buy" rating to a "hold" rating and set a $58.44 price target for the company.in a research report on Monday, April 24th. They now have a $75.00 price objective on the footwear maker's stock. Goldman Sachs Group Inc reiterated a buy rating and set a $62.00 price target on shares of Nike in a research note on Tuesday, April 18th. Piper Jaffray Companies reaffirmed a "neutral" rating and issued a $51.00 price target on shares of Nike in a research note on Thursday, March 16th. Forward View began coverage on Nike in a research note on Friday, January 27th. They issued an "underperform" rating and a $55.00 target price for the company.
Among 12 analysts covering National Retail Properties (NYSE:NNN), 5 have Buy rating, 1 Sell and 6 Hold. Nike presently has a consensus rating of "Buy" and a consensus price target of $60.93.
In other news, insider Eric D. Sprunk sold 50,000 shares of the stock in a transaction that occurred on Wednesday, March 29th. Headinvest Ltd Limited Liability Company owns 6,526 shares. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 379,000 shares of company stock worth $21,213,800. The shares were sold at an average price of $57.00, for a total value of $2,850,000.00. Following the transaction, the insider now owns 300,108 shares in the company, valued at approximately $16,707,012.36. The disclosure for this purchase can be found here. The company has dropped -13.94% in past 3 months and in the last five trades has moved up 2.13%. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data.