According to a recent Form 13F filing submitted to the SEC, Kayne Anderson Rudnick Investment Management LLC disclosed a noteworthy and bullish position in NKE stock. Here’s what you need to know about NIKE, Inc., as well as Kayne Anderson Rudnick’s position in shares of NKE stock:
About NIKE, Inc. (NYSE: NKE)
NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells men’s, women’s, and kids athletic footwear, apparel, equipment, and accessories worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks. In addition, it sells a line of performance equipment and accessories comprising bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment, and other equipment for sports activities under the NIKE brand; and various plastic products to other manufacturers. The company markets apparel with licensed college and professional team, and league logos, as well as sells sports apparel. Additionally, it licenses unaffiliated parties to manufacture and sell apparel, digital devices, and applications and other equipment for sports activities under NIKE-owned trademarks. The company sells its products to footwear stores; sporting goods stores; athletic specialty stores; department stores; skate, tennis, and golf shops; and other retail accounts through NIKE-owned retail stores, digital platforms, independent distributors, licensees, and sales representatives. The company was formerly known as Blue Ribbon Sports, Inc. and changed its name to NIKE, Inc. in 1971. NIKE, Inc. was founded in 1964 and is headquartered in Beaverton, Oregon. Learn more about NIKE, Inc. on their website here
Kayne Anderson Rudnick Position in NKE
According to the most recent 13F filed by Kayne Anderson Rudnick Investment Management, the firm added 35,427 shares of NKE stock to it holdings in the recent quarter. That brings their total long position in NIKE, Inc. to 553,807 shares, representing approximately 0.0354% of the entire 1,564,589,948 NKE shares outstanding. Based on the most recent closing price of $106.71 per share of NKE, the entire Kayne Anderson Rudnick position in NIKE, Inc. stock is worth roughly $59,096,744.97.
Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Kayne Anderson Rudnick Investment Management. Also be sure to check out more recent 13F filing analysis news here.