Nike Inc (NKE) Shares Bought by Torray LLC
Torray LLC grew its holdings in shares of Nike Inc (NYSE:NKE) by 1.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 246,049 shares of the footwear maker’s stock after acquiring an additional 3,676 shares during the period. Torray LLC’s holdings in Nike were worth $12,758,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in NKE. Willingdon Wealth Management bought a new position in Nike during the third quarter worth $114,000. Asset Planning Services Ltd. lifted its stake in Nike by 0.3% during the second quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock worth $126,000 after purchasing an additional 7 shares during the last quarter. Atlantic Trust LLC bought a new position in Nike during the second quarter worth $136,000. Howe & Rusling Inc. lifted its stake in Nike by 751.3% during the third quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock worth $137,000 after purchasing an additional 2,329 shares during the last quarter. Finally, Kistler Tiffany Companies LLC lifted its stake in Nike by 91.7% during the second quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock worth $149,000 after purchasing an additional 1,209 shares during the last quarter. Institutional investors own 62.67% of the company’s stock.
Several equities analysts recently issued reports on NKE shares. Vetr cut Nike from a “strong-buy” rating to a “buy” rating and set a $58.87 price objective on the stock. in a research note on Tuesday, September 12th. Sanford C. Bernstein started coverage on Nike in a research note on Tuesday, September 12th. They set an “outperform” rating and a $69.00 price objective on the stock. Deutsche Bank restated a “buy” rating and set a $61.00 price objective (down from $69.00) on shares of Nike in a research note on Wednesday, September 13th. Wedbush restated a “neutral” rating and set a $53.40 price objective (up from $52.00) on shares of Nike in a research note on Thursday, September 14th. Finally, DA Davidson restated a “buy” rating and set a $69.00 price objective on shares of Nike in a research note on Thursday, September 14th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and twenty-two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $64.14.
In related news, EVP John F. Slusher sold 100,000 shares of Nike stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $63.09, for a total transaction of $6,309,000.00. Following the transaction, the executive vice president now directly owns 268,169 shares of the company’s stock, valued at $16,918,782.21. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 135,000 shares of Nike stock in a transaction dated 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 transaction, the chairman now directly owns 1,637,736 shares in the company, valued at $90,124,612.08. The disclosure for this sale can be found here. Insiders have sold 967,896 shares of company stock worth $60,257,267 over the last three months. Corporate insiders own 3.90% of the company’s stock.
Nike Inc (NKE) opened at $64.09 on Wednesday. The company has a market capitalization of $104,560.00, a price-to-earnings ratio of 27.74, a PEG ratio of 2.90 and a beta of 0.64. The company has a current ratio of 2.46, a quick ratio of 1.67 and a debt-to-equity ratio of 0.30. Nike Inc has a fifty-two week low of $50.35 and a fifty-two week high of $65.18.
Nike (NYSE:NKE) last issued its quarterly earnings results on Thursday, December 21st. The footwear maker reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The company had revenue of $8.55 billion for the quarter, compared to analyst estimates of $8.39 billion. Nike had a return on equity of 31.64% and a net margin of 11.13%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share. sell-side analysts predict that Nike Inc will post 2.25 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 4th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.25%. This is a positive change from Nike’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, December 1st. Nike’s dividend payout ratio (DPR) is 34.63%.
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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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