Carlton Hofferkamp & Jenks Wealth Management LLC Purchases 150 Shares of Nike, Inc. (NKE)
Carlton Hofferkamp & Jenks Wealth Management LLC grew its position in shares of Nike, Inc. (NYSE:NKE) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,433 shares of the footwear maker’s stock after acquiring an additional 150 shares during the quarter. Nike accounts for 1.3% of Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings, making the stock its 19th biggest position. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Nike were worth $1,913,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in NKE. Webster Bank N. A. boosted its holdings in shares of Nike by 75.5% in the 1st quarter. Webster Bank N. A. now owns 2,092 shares of the footwear maker’s stock valued at $117,000 after buying an additional 900 shares during the last quarter. Rational Advisors LLC boosted its holdings in shares of Nike by 14.3% in the 1st quarter. Rational Advisors LLC now owns 2,572 shares of the footwear maker’s stock valued at $143,000 after buying an additional 321 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in shares of Nike by 31.1% in the 1st quarter. SRS Capital Advisors Inc. now owns 3,085 shares of the footwear maker’s stock valued at $171,000 after buying an additional 731 shares during the last quarter. North Star Investment Management Corp. boosted its holdings in shares of Nike by 3.5% in the 1st quarter. North Star Investment Management Corp. now owns 3,080 shares of the footwear maker’s stock valued at $172,000 after buying an additional 103 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. acquired a new stake in shares of Nike in the 1st quarter valued at approximately $180,000. 62.72% of the stock is owned by hedge funds and other institutional investors.
Shares of Nike, Inc. (NYSE:NKE) traded up 0.26% during trading on Friday, hitting $53.87. The stock had a trading volume of 10,046,827 shares. The company has a market capitalization of $88.52 billion, a PE ratio of 21.46 and a beta of 0.61. The firm has a 50-day moving average price of $55.88 and a 200 day moving average price of $55.47. Nike, Inc. has a 52 week low of $49.01 and a 52 week high of $60.53.
Nike (NYSE:NKE) last posted its quarterly earnings data on Thursday, June 29th. The footwear maker reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.10. Nike had a return on equity of 34.18% and a net margin of 12.34%. The firm had revenue of $8.68 billion during the quarter, compared to analysts’ expectations of $8.63 billion. During the same period in the prior year, the business earned $0.49 EPS. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities analysts anticipate that Nike, Inc. will post $2.41 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Tuesday, September 5th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, August 31st. Nike’s payout ratio is currently 28.69%.
Several equities research analysts have recently commented on the company. Stifel Nicolaus set a $66.00 price objective on Nike and gave the company a “buy” rating in a report on Saturday, July 22nd. Piper Jaffray Companies set a $53.00 price objective on Nike and gave the company a “hold” rating in a report on Saturday, July 22nd. Guggenheim reissued a “buy” rating and issued a $70.00 price objective on shares of Nike in a report on Monday, July 24th. Cowen and Company set a $54.00 price objective on Nike and gave the company a “hold” rating in a report on Friday, August 4th. Finally, Barclays PLC reissued an “overweight” rating and issued a $65.00 price objective on shares of Nike in a report on Friday, June 30th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. Nike currently has a consensus rating of “Buy” and an average target price of $60.48.
In other news, insider Trevor A. Edwards sold 200,000 shares of the company’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $57.63, for a total value of $11,526,000.00. Following the completion of the transaction, the insider now directly owns 729,610 shares in the company, valued at approximately $42,047,424.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eric D. Sprunk sold 50,000 shares of the company’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $59.00, for a total value of $2,950,000.00. Following the completion of the transaction, the insider now owns 300,108 shares of the company’s stock, valued at $17,706,372. The disclosure for this sale can be found here. Insiders sold a total of 492,360 shares of company stock valued at $28,485,174 over the last quarter. Company insiders own 3.90% of the company’s stock.
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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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