Boenning & Scattergood Inc. Grows Position in Nike Inc (NYSE:NKE)
Boenning & Scattergood Inc. raised its holdings in Nike Inc (NYSE:NKE) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,623 shares of the footwear maker’s stock after acquiring an additional 216 shares during the period. Boenning & Scattergood Inc.’s holdings in Nike were worth $1,481,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the business. Garrett Wealth Advisory Group LLC purchased a new position in Nike in the 3rd quarter worth approximately $26,000. Marquette Asset Management LLC bought a new stake in shares of Nike in the 3rd quarter worth approximately $28,000. Candriam Luxembourg S.C.A. grew its position in shares of Nike by 97.4% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 295,776 shares of the footwear maker’s stock worth $29,000 after buying an additional 145,904 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new stake in shares of Nike in the 4th quarter worth approximately $33,000. Finally, KCS Wealth Advisory bought a new stake in shares of Nike in the 3rd quarter worth approximately $38,000. 65.09% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Mark G. Parker sold 165,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $93.55, for a total transaction of $15,435,750.00. Following the completion of the transaction, the chief executive officer now directly owns 2,046,040 shares of the company’s stock, valued at $191,407,042. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Elliott Hill sold 90,000 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $102.50, for a total value of $9,225,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 477,916 shares of company stock valued at $46,659,474. Corporate insiders own 3.80% of the company’s stock.
NYSE:NKE traded down $0.09 during mid-day trading on Wednesday, hitting $102.83. 163,088 shares of the company traded hands, compared to its average volume of 5,390,419. The stock’s fifty day moving average price is $98.83 and its 200-day moving average price is $90.76. Nike Inc has a one year low of $76.13 and a one year high of $103.89. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.66. The firm has a market cap of $161.44 billion, a price-to-earnings ratio of 41.27, a price-to-earnings-growth ratio of 2.55 and a beta of 0.84.
Nike (NYSE:NKE) last released its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.12. The business had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.09 billion. Nike had a return on equity of 50.03% and a net margin of 11.21%. Nike’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.52 earnings per share. Equities analysts predict that Nike Inc will post 3.01 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were paid a $0.245 dividend. This is a positive change from Nike’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, November 29th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 0.95%. Nike’s dividend payout ratio is 39.36%.
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.
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