Investment House LLC Reduces Position in Nike Inc (NKE)

Investment House LLC lessened its holdings in Nike Inc (NYSE:NKE) by 5.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,751 shares of the footwear maker’s stock after selling 5,800 shares during the quarter. Investment House LLC’s holdings in Nike were worth $5,068,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Neuberger Berman Group LLC raised its holdings in Nike by 43.5% during the 1st quarter. Neuberger Berman Group LLC now owns 2,209,161 shares of the footwear maker’s stock worth $123,117,000 after purchasing an additional 670,079 shares during the last quarter. Mastrapasqua Asset Management Inc. raised its holdings in Nike by 2.5% during the 1st quarter. Mastrapasqua Asset Management Inc. now owns 163,367 shares of the footwear maker’s stock worth $9,104,000 after purchasing an additional 3,982 shares during the last quarter. WFG Advisors LP raised its holdings in Nike by 87.4% during the 1st quarter. WFG Advisors LP now owns 4,178 shares of the footwear maker’s stock worth $233,000 after purchasing an additional 1,948 shares during the last quarter. Tredje AP fonden raised its holdings in Nike by 3.8% during the 1st quarter. Tredje AP fonden now owns 118,221 shares of the footwear maker’s stock worth $6,610,000 after purchasing an additional 4,275 shares during the last quarter. Finally, Roundview Capital LLC raised its holdings in Nike by 2.2% during the 1st quarter. Roundview Capital LLC now owns 36,022 shares of the footwear maker’s stock worth $2,008,000 after purchasing an additional 785 shares during the last quarter. Institutional investors and hedge funds own 62.56% of the company’s stock.

Shares of Nike Inc (NYSE NKE) opened at $64.24 on Wednesday. Nike Inc has a 52-week low of $50.35 and a 52-week high of $65.18. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.67 and a quick ratio of 1.81. The stock has a market cap of $105,738.61, a price-to-earnings ratio of 27.58, a P/E/G ratio of 3.04 and a beta of 0.64.

Nike (NYSE:NKE) last posted its quarterly earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.09. Nike had a net margin of 11.47% and a return on equity of 31.88%. The business had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.08 billion. During the same quarter last year, the firm posted $0.73 EPS. Nike’s revenue was up .1% compared to the same quarter last year. equities analysts forecast that Nike Inc will post 2.28 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 4th will be given a $0.20 dividend. The ex-dividend date is Friday, December 1st. This represents a $0.80 annualized dividend and a yield of 1.25%. This is an increase from Nike’s previous quarterly dividend of $0.18. Nike’s dividend payout ratio (DPR) is presently 34.04%.

Several research analysts have issued reports on NKE shares. Jefferies Group lowered shares of Nike to a “buy” rating in a report on Tuesday, August 29th. Vetr lowered shares of Nike from a “strong-buy” rating to a “buy” rating and set a $59.57 price target for the company. in a report on Monday, September 4th. Goldman Sachs Group lowered shares of Nike from a “buy” rating to a “neutral” rating and raised their price target for the stock from $52.30 to $54.00 in a report on Thursday, October 19th. Telsey Advisory Group lowered their price target on shares of Nike from $63.00 to $61.00 and set an “outperform” rating for the company in a report on Wednesday, August 30th. Finally, Stifel Nicolaus restated a “buy” rating and set a $66.00 price target on shares of Nike in a report on Thursday, August 24th. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $62.19.

In related news, EVP Monique S. Matheson sold 10,000 shares of Nike stock in a transaction on Monday, December 11th. The shares were sold at an average price of $62.00, for a total value of $620,000.00. Following the completion of the sale, the executive vice president now owns 23,248 shares of the company’s stock, valued at approximately $1,441,376. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Mark G. Parker sold 135,000 shares of Nike stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $55.03, for a total transaction 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. In the last three months, insiders sold 290,094 shares of company stock valued at $17,480,160. 3.90% of the stock is currently owned by insiders.

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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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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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