Nike Inc. (NKE) Position Held by Hyman Charles D
Hyman Charles D maintained its stake in shares of Nike Inc. (NYSE:NKE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,595 shares of the footwear maker’s stock at the end of the third quarter. Hyman Charles D’s holdings in Nike were worth $2,506,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of NKE. Appleton Partners Inc. MA raised its position in Nike by 13.3% in the third quarter. Appleton Partners Inc. MA now owns 20,721 shares of the footwear maker’s stock valued at $1,091,000 after buying an additional 2,429 shares in the last quarter. KBC Group NV raised its position in Nike by 9.2% in the third quarter. KBC Group NV now owns 196,033 shares of the footwear maker’s stock valued at $10,321,000 after buying an additional 16,448 shares in the last quarter. Bank of New York Mellon Corp raised its position in Nike by 0.5% in the third quarter. Bank of New York Mellon Corp now owns 29,211,934 shares of the footwear maker’s stock valued at $1,538,008,000 after buying an additional 143,272 shares in the last quarter. Noesis Capital Mangement Corp raised its position in Nike by 1.4% in the third quarter. Noesis Capital Mangement Corp now owns 145,317 shares of the footwear maker’s stock valued at $7,651,000 after buying an additional 2,000 shares in the last quarter. Finally, Barrett Asset Management LLC raised its position in Nike by 19.0% in the third quarter. Barrett Asset Management LLC now owns 53,435 shares of the footwear maker’s stock valued at $2,813,000 after buying an additional 8,550 shares in the last quarter. 61.15% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Nike Inc. (NYSE:NKE) traded down 0.99% during trading on Monday, reaching $51.01. 8,602,118 shares of the company’s stock traded hands. The company’s 50-day moving average is $51.15 and its 200 day moving average is $54.58. The company has a market cap of $84.95 billion, a price-to-earnings ratio of 23.02 and a beta of 0.48. Nike Inc. has a 52-week low of $49.01 and a 52-week high of $68.19.
Nike (NYSE:NKE) last issued its quarterly earnings data on Tuesday, September 27th. The footwear maker reported $0.73 EPS for the quarter, beating the consensus estimate of $0.56 by $0.17. The company earned $9.06 billion during the quarter. Nike had a net margin of 11.60% and a return on equity of 30.56%. Nike’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.34 EPS. Equities analysts forecast that Nike Inc. will post $2.37 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Monday, December 5th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $0.72 annualized dividend and a yield of 1.41%. This is a boost from Nike’s previous quarterly dividend of $0.16. Nike’s payout ratio is currently 28.83%.
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Several research analysts have recently weighed in on the stock. B. Riley lowered shares of Nike to a “neutral” rating and set a $62.00 price objective on the stock. in a research note on Wednesday, August 31st. Vetr upgraded shares of Nike from a “sell” rating to a “hold” rating and set a $54.01 price objective on the stock in a research note on Wednesday, August 3rd. Piper Jaffray Cos. set a $58.00 price target on shares of Nike and gave the company a “hold” rating in a research note on Thursday, September 22nd. Brean Capital reiterated a “hold” rating on shares of Nike in a research note on Wednesday, November 9th. Finally, Wedbush began coverage on shares of Nike in a research note on Tuesday, November 1st. They issued a “neutral” rating and a $53.00 price target on the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-two have given a buy rating to the company. Nike presently has an average rating of “Buy” and a consensus target price of $63.43.
In other news, Director John C. Lechleiter acquired 1,000 shares of Nike stock in a transaction that occurred on Friday, September 30th. The stock was bought at an average price of $52.72 per share, with a total value of $52,720.00. Following the completion of the purchase, the director now owns 27,560 shares in the company, valued at $1,452,963.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $49.78, for a total transaction of $7,467,000.00. Following the transaction, the chairman now directly owns 1,985,225 shares of the company’s stock, valued at approximately $98,824,500.50. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.
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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