Hendley & Co. Inc. Has $4.92 Million Holdings in Nike Inc (NKE)
Hendley & Co. Inc. reduced its stake in Nike Inc (NYSE:NKE) by 1.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,910 shares of the footwear maker’s stock after selling 1,050 shares during the period. Nike comprises 2.7% of Hendley & Co. Inc.’s investment portfolio, making the stock its 15th largest position. Hendley & Co. Inc.’s holdings in Nike were worth $4,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in NKE. Fiduciary Trust Co. grew its position in shares of Nike by 4.9% in the 2nd quarter. Fiduciary Trust Co. now owns 230,463 shares of the footwear maker’s stock worth $13,597,000 after buying an additional 10,840 shares during the last quarter. Sterling Investment Advisors Ltd. grew its position in shares of Nike by 651.4% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 27,050 shares of the footwear maker’s stock worth $1,596,000 after buying an additional 23,450 shares during the last quarter. Royal Bank of Scotland Group PLC grew its position in shares of Nike by 6.2% in the 1st quarter. Royal Bank of Scotland Group PLC now owns 207,834 shares of the footwear maker’s stock worth $11,582,000 after buying an additional 12,201 shares during the last quarter. Great Lakes Advisors LLC grew its position in shares of Nike by 4.3% in the 2nd quarter. Great Lakes Advisors LLC now owns 97,145 shares of the footwear maker’s stock worth $5,732,000 after buying an additional 4,030 shares during the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI grew its position in shares of Nike by 20.0% in the 2nd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 103,689 shares of the footwear maker’s stock worth $6,118,000 after buying an additional 17,285 shares during the last quarter. 62.78% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Monique S. Matheson sold 10,000 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $62.00, for a total value of $620,000.00. Following the completion of the transaction, the executive vice president now owns 23,248 shares in the company, valued at $1,441,376. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Mark G. Parker sold 135,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $55.03, for a total value of $7,429,050.00. Following the completion of the transaction, the chairman now owns 1,637,736 shares of the company’s stock, valued at approximately $90,124,612.08. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.
Nike Inc (NKE) traded up $2.13 during trading on Thursday, reaching $64.30. The company’s stock had a trading volume of 16,072,500 shares, compared to its average volume of 9,565,464. The company has a quick ratio of 1.81, a current ratio of 2.67 and a debt-to-equity ratio of 0.29. Nike Inc has a twelve month low of $50.35 and a twelve month high of $64.46. The company has a market capitalization of $105,440.00, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 2.91 and a beta of 0.64.
Nike (NYSE:NKE) last released its earnings results on Tuesday, September 26th. The footwear maker reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.09. Nike had a return on equity of 31.88% and a net margin of 11.47%. The business had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $9.08 billion. During the same period in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. equities analysts expect that Nike Inc will post 2.28 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.24%. This is an increase from Nike’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, December 1st. Nike’s payout ratio is 34.19%.
A number of equities research analysts have recently weighed in on the company. Vetr lowered Nike from a “hold” rating to a “sell” rating and set a $59.88 price objective on the stock. in a research report on Thursday. DA Davidson set a $68.00 price objective on Nike and gave the stock a “buy” rating in a research report on Thursday. Wedbush reiterated a “neutral” rating and issued a $57.00 price objective (up from $52.00) on shares of Nike in a research report on Thursday. Argus upgraded Nike from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $50.35 to $64.46 in a research report on Thursday. Finally, Goldman Sachs Group set a $59.00 price objective on Nike and gave the stock a “neutral” rating in a research report on Thursday. Four investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-one have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $60.14.
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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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