Nike Inc. (NKE) Shares Sold by Savant Capital LLC
Savant Capital LLC reduced its position in Nike Inc. (NYSE:NKE) by 12.6% during the second quarter, Holdings Channel reports. The fund owned 5,550 shares of the footwear maker’s stock after selling 800 shares during the period. Savant Capital LLC’s holdings in Nike were worth $306,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. CapWealth Advisors LLC boosted its position in shares of Nike by 183.3% in the first quarter. CapWealth Advisors LLC now owns 1,700 shares of the footwear maker’s stock worth $104,000 after buying an additional 1,100 shares during the last quarter. Brick & Kyle Associates boosted its position in shares of Nike by 12.5% in the first quarter. Brick & Kyle Associates now owns 1,800 shares of the footwear maker’s stock worth $111,000 after buying an additional 200 shares during the last quarter. Cribstone Capital Management LLC purchased a new position in shares of Nike during the second quarter worth about $106,000. Gierl Augustine Investment Management Inc boosted its position in shares of Nike by 0.3% in the second quarter. Gierl Augustine Investment Management Inc now owns 2,003 shares of the footwear maker’s stock worth $111,000 after buying an additional 6 shares during the last quarter. Finally, Banced Corp purchased a new position in shares of Nike during the second quarter worth about $258,000. Institutional investors own 62.04% of the company’s stock.
Shares of Nike Inc. (NYSE:NKE) traded down 0.46% during midday trading on Friday, reaching $51.79. The company had a trading volume of 8,406,924 shares. The company’s 50 day moving average price is $56.00 and its 200-day moving average price is $56.91. The company has a market capitalization of $86.59 billion, a P/E ratio of 23.37 and a beta of 0.56. Nike Inc. has a 52 week low of $51.48 and a 52 week high of $68.19.
Nike (NYSE:NKE) last announced its quarterly earnings results on Tuesday, September 27th. The footwear maker reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.17. Nike had a return on equity of 30.56% and a net margin of 11.60%. The business had revenue of $9.06 billion for the quarter. During the same period last year, the company earned $1.34 EPS. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities research analysts predict that Nike Inc. will post $2.38 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Tuesday, September 6th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Thursday, September 1st. Nike’s dividend payout ratio (DPR) is presently 28.83%.
A number of brokerages recently issued reports on NKE. B. Riley reiterated a “buy” rating and issued a $66.00 price target on shares of Nike in a research note on Monday, June 27th. Deutsche Bank AG reissued a “buy” rating on shares of Nike in a research report on Sunday, July 17th. Vetr raised Nike from a “sell” rating to a “hold” rating and set a $54.01 target price for the company in a research report on Wednesday, August 3rd. Piper Jaffray Cos. set a $58.00 target price on Nike and gave the stock a “hold” rating in a research report on Thursday, September 22nd. Finally, FBR & Co reissued a “hold” rating on shares of Nike in a research report on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $64.54.
In other news, EVP John F. Slusher sold 72,696 shares of the company’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $57.75, for a total value of $4,198,194.00. Following the transaction, the executive vice president now owns 231,861 shares of the company’s stock, valued at approximately $13,389,972.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Hilary K. Krane sold 100,000 shares of the company’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $56.99, for a total value of $5,699,000.00. Following the completion of the transaction, the executive vice president now directly owns 310,795 shares in the company, valued at approximately $17,712,207.05. The disclosure for this sale can be found here. 3.90% of the stock is owned by 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 sells its products to retail accounts, through NIKE-owned retail stores and Internet Websites (which the Company refers to as its Direct to Consumer or DTC operations), and through a mix of independent distributors and licensees throughout the world.
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