Autus Asset Management LLC Has $6.93 Million Stake in Nike Inc (NYSE:NKE)
Autus Asset Management LLC raised its position in shares of Nike Inc (NYSE:NKE) by 1.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 133,698 shares of the footwear maker’s stock after buying an additional 2,144 shares during the period. Nike comprises about 1.3% of Autus Asset Management LLC’s investment portfolio, making the stock its 25th biggest holding. Autus Asset Management LLC’s holdings in Nike were worth $6,933,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Sterneck Capital Management LLC lifted its position in Nike by 3.7% during the 1st quarter. Sterneck Capital Management LLC now owns 15,206 shares of the footwear maker’s stock valued at $847,000 after acquiring an additional 539 shares during the period. Edgestream Partners L.P. bought a new stake in Nike during the 1st quarter valued at about $845,000. Aveo Capital Partners LLC increased its stake in Nike by 1.7% during the 1st quarter. Aveo Capital Partners LLC now owns 6,066 shares of the footwear maker’s stock valued at $338,000 after purchasing an additional 104 shares in the last quarter. Sterling Investment Advisors Ltd. increased its stake in Nike by 500.0% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 3,600 shares of the footwear maker’s stock valued at $201,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Colonial Trust Advisors increased its stake in Nike by 0.8% during the 1st quarter. Colonial Trust Advisors now owns 114,104 shares of the footwear maker’s stock valued at $6,189,000 after purchasing an additional 887 shares in the last quarter. 62.97% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Monique S. Matheson sold 10,000 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $62.00, for a total value of $620,000.00. Following the transaction, the executive vice president now directly owns 23,248 shares in the company, valued at $1,441,376. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Eric D. Sprunk sold 226,040 shares of the company’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $63.10, for a total transaction of $14,263,124.00. Following the completion of the transaction, the insider now owns 165,591 shares in the company, valued at $10,448,792.10. The disclosure for this sale can be found here. Insiders have sold 967,896 shares of company stock worth $60,257,267 in the last quarter. Company insiders own 3.90% of the company’s stock.
Shares of Nike Inc (NYSE:NKE) opened at $67.58 on Tuesday. Nike Inc has a 1 year low of $50.35 and a 1 year high of $68.64. The firm has a market cap of $110,260.00, a price-to-earnings ratio of 29.26, a P/E/G ratio of 3.08 and a beta of 0.64. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.46 and a quick ratio of 1.67.
Nike (NYSE:NKE) last posted its quarterly earnings data on Thursday, December 21st. The footwear maker reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.06. Nike had a net margin of 11.13% and a return on equity of 31.64%. The business had revenue of $8.55 billion for the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter in the previous year, the business posted $0.50 earnings per share. The business’s revenue was up 4.6% compared to the same quarter last year. analysts forecast that Nike Inc will post 2.25 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th were given a dividend of $0.20 per share. This is a boost from Nike’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, December 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.18%. Nike’s payout ratio 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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