Nike Inc (NKE) Shares Bought by Benjamin F. Edwards & Company Inc.
Benjamin F. Edwards & Company Inc. boosted its holdings in Nike Inc (NYSE:NKE) by 33.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,672 shares of the footwear maker’s stock after buying an additional 2,688 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Nike were worth $553,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Asset Planning Services Ltd. boosted its stake in Nike by 0.3% in the 2nd quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock worth $126,000 after buying an additional 7 shares during the last quarter. Atlantic Trust LLC acquired a new stake in Nike in the 2nd quarter worth about $136,000. Kistler Tiffany Companies LLC boosted its stake in Nike by 91.7% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock worth $149,000 after buying an additional 1,209 shares during the last quarter. Howe & Rusling Inc. boosted its stake in Nike by 751.3% in the 3rd quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock worth $137,000 after buying an additional 2,329 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Nike by 7.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,780 shares of the footwear maker’s stock valued at $164,000 after purchasing an additional 201 shares in the last quarter. 62.78% of the stock is currently owned by hedge funds and other institutional investors.
Nike Inc (NYSE NKE) traded up $0.23 during mid-day trading on Friday, reaching $64.53. The company’s stock had a trading volume of 13,055,000 shares, compared to its average volume of 9,579,943. 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 52 week low of $50.35 and a 52 week high of $64.85. The stock has a market cap of $104,906.55, a P/E ratio of 27.36, a PEG ratio of 3.01 and a beta of 0.64.
Nike (NYSE:NKE) last posted its quarterly earnings data on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share (EPS) for the quarter, topping the 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 company 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 business earned $0.73 EPS. Nike’s revenue for the quarter was up .1% compared to the same quarter last year. equities research analysts anticipate that Nike Inc will post 2.28 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 1st. This is an increase from Nike’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 1.24%. Nike’s payout ratio is currently 34.04%.
In other Nike news, EVP Monique S. Matheson sold 10,000 shares of Nike stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $62.00, for a total transaction of $620,000.00. Following the sale, the executive vice president now directly owns 23,248 shares in the company, valued at approximately $1,441,376. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Mark G. Parker sold 135,000 shares of Nike stock in a transaction that occurred 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 sale, the chairman now owns 1,637,736 shares in the company, valued at $90,124,612.08. The disclosure for this sale can be found here. 3.90% of the stock is owned by insiders.
NKE has been the topic of several research analyst reports. Morgan Stanley reaffirmed a “buy” rating and issued a $64.00 price objective (down from $68.00) on shares of Nike in a research note on Tuesday, August 29th. Vetr raised Nike from a “buy” rating to a “strong-buy” rating and set a $59.09 price objective on the stock in a research note on Wednesday, September 6th. Telsey Advisory Group reduced their price objective on Nike from $63.00 to $61.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 30th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $55.00 price objective (down from $56.00) on shares of Nike in a research note on Tuesday, September 19th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Nike in a research note on Thursday, August 24th. Four investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $60.67.
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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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