Savant Capital LLC Has $311,000 Stake in Nike, Inc. (NKE)
Savant Capital LLC reduced its stake in Nike, Inc. (NYSE:NKE) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,263 shares of the footwear maker’s stock after selling 56 shares during the period. Savant Capital LLC’s holdings in Nike were worth $311,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in NKE. Waldron LP grew its stake in shares of Nike by 90.8% in the 1st quarter. Waldron LP now owns 8,922 shares of the footwear maker’s stock valued at $496,000 after purchasing an additional 4,246 shares during the period. Klingenstein Fields & Co. LLC grew its stake in shares of Nike by 338.5% in the 1st quarter. Klingenstein Fields & Co. LLC now owns 90,688 shares of the footwear maker’s stock valued at $5,054,000 after purchasing an additional 70,005 shares during the period. Webster Bank N. A. grew its stake in shares of Nike by 75.5% in the 1st quarter. Webster Bank N. A. now owns 2,092 shares of the footwear maker’s stock valued at $117,000 after purchasing an additional 900 shares during the period. Norris Perne & French LLP MI grew its stake in shares of Nike by 19.5% in the 1st quarter. Norris Perne & French LLP MI now owns 160,438 shares of the footwear maker’s stock valued at $8,941,000 after purchasing an additional 26,222 shares during the period. Finally, Train Babcock Advisors LLC grew its stake in shares of Nike by 24.1% in the 1st quarter. Train Babcock Advisors LLC now owns 103,671 shares of the footwear maker’s stock valued at $5,778,000 after purchasing an additional 20,105 shares during the period. Institutional investors own 62.63% of the company’s stock.
NKE has been the topic of several analyst reports. Vetr upgraded Nike from a “hold” rating to a “buy” rating and set a $55.06 price objective on the stock in a research note on Thursday, June 15th. J P Morgan Chase & Co lowered Nike from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $61.00 to $58.00 in a research report on Friday, June 16th. Goldman Sachs Group, Inc. (The) set a $62.00 price target on Nike and gave the stock a “buy” rating in a research report on Friday, June 16th. Robert W. Baird restated an “outperform” rating and set a $62.00 price target on shares of Nike in a research report on Friday, June 16th. Finally, Barclays PLC restated an “overweight” rating and set a $65.00 price target on shares of Nike in a research report on Monday, June 19th. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $59.14.
In other Nike news, CFO Andrew Campion sold 5,722 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $59.40, for a total value of $339,886.80. Following the completion of the sale, the chief financial officer now directly owns 34,976 shares of the company’s stock, valued at approximately $2,077,574.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Johnathan A. Rodgers sold 16,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $53.45, for a total transaction of $855,200.00. Following the completion of the sale, the director now directly owns 25,660 shares of the company’s stock, valued at $1,371,527. The disclosure for this sale can be found here. Insiders sold a total of 134,045 shares of company stock valued at $7,778,338 over the last ninety days. 3.90% of the stock is currently owned by insiders.
Nike, Inc. (NYSE:NKE) opened at 50.83 on Friday. The stock has a 50 day moving average price of $52.76 and a 200 day moving average price of $54.86. Nike, Inc. has a one year low of $49.01 and a one year high of $60.53. The company has a market cap of $83.32 billion, a PE ratio of 21.64 and a beta of 0.61.
Nike (NYSE:NKE) last issued its quarterly earnings data on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.09. Nike had a net margin of 11.47% and a return on equity of 31.88%. The business had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.08 billion. During the same period in the prior year, the firm posted $0.73 EPS. The firm’s quarterly revenue was up .1% compared to the same quarter last year. On average, equities analysts anticipate that Nike, Inc. will post $2.32 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Tuesday, September 5th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Thursday, August 31st. Nike’s payout ratio is 30.64%.
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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