Claret Asset Management Corp Acquires Shares of 3,533 NIKE, Inc. $NKE

Claret Asset Management Corp bought a new position in shares of NIKE, Inc. (NYSE:NKE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,533 shares of the footwear maker’s stock, valued at approximately $251,000.

A number of other hedge funds have also modified their holdings of NKE. Mitchell Mcleod Pugh & Williams Inc. grew its stake in NIKE by 1.0% during the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 14,176 shares of the footwear maker’s stock valued at $1,007,000 after acquiring an additional 134 shares in the last quarter. Caldwell Sutter Capital Inc. boosted its holdings in shares of NIKE by 6.3% during the 2nd quarter. Caldwell Sutter Capital Inc. now owns 2,390 shares of the footwear maker’s stock worth $170,000 after purchasing an additional 142 shares during the last quarter. Salomon & Ludwin LLC grew its position in shares of NIKE by 10.1% in the second quarter. Salomon & Ludwin LLC now owns 1,575 shares of the footwear maker’s stock valued at $120,000 after purchasing an additional 145 shares in the last quarter. Westmount Partners LLC increased its holdings in shares of NIKE by 2.9% in the second quarter. Westmount Partners LLC now owns 5,165 shares of the footwear maker’s stock valued at $367,000 after purchasing an additional 146 shares during the last quarter. Finally, HB Wealth Management LLC increased its holdings in shares of NIKE by 0.3% in the second quarter. HB Wealth Management LLC now owns 52,012 shares of the footwear maker’s stock valued at $3,695,000 after purchasing an additional 147 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Price Performance

NIKE stock opened at $65.45 on Tuesday. The company’s 50 day simple moving average is $66.41 and its 200-day simple moving average is $69.12. The company has a market capitalization of $96.74 billion, a price-to-earnings ratio of 33.56, a price-to-earnings-growth ratio of 2.41 and a beta of 1.29. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $82.44. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.19.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The firm had revenue of $11.72 billion during the quarter, compared to analysts’ expectations of $10.96 billion. During the same quarter last year, the company posted $0.70 EPS. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, equities research analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be paid a $0.41 dividend. The ex-dividend date of this dividend is Monday, December 1st. This is a boost from NIKE’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.5%. NIKE’s payout ratio is presently 84.10%.

Insider Activity

In related news, Chairman Mark G. Parker sold 86,078 shares of the business’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $64.80, for a total value of $5,577,854.40. Following the sale, the chairman owned 647,615 shares in the company, valued at approximately $41,965,452. The trade was a 11.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jorgen Vig Knudstorp bought 16,150 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were purchased at an average price of $62.09 per share, with a total value of $1,002,753.50. Following the completion of the acquisition, the director directly owned 21,388 shares in the company, valued at $1,327,980.92. This trade represents a 308.32% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wells Fargo & Company upgraded NIKE from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $60.00 to $75.00 in a report on Thursday, November 13th. Wall Street Zen raised shares of NIKE from a “sell” rating to a “hold” rating in a research report on Saturday, September 6th. The Goldman Sachs Group set a $85.00 price objective on shares of NIKE and gave the stock a “buy” rating in a research report on Thursday, September 25th. Royal Bank Of Canada reiterated an “outperform” rating on shares of NIKE in a report on Friday, October 10th. Finally, Barclays set a $70.00 price target on shares of NIKE and gave the stock a “positive” rating in a report on Wednesday, October 1st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $82.24.

About NIKE

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.