Nwam LLC Purchases 346 Shares of Nike Inc (NYSE:NKE)
Nwam LLC grew its position in Nike Inc (NYSE:NKE) by 5.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,109 shares of the footwear maker’s stock after purchasing an additional 346 shares during the period. Nwam LLC’s holdings in Nike were worth $597,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NKE. FMR LLC grew its position in shares of Nike by 27.0% in the first quarter. FMR LLC now owns 23,077,703 shares of the footwear maker’s stock valued at $1,943,374,000 after purchasing an additional 4,908,916 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Nike by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 17,065,913 shares of the footwear maker’s stock valued at $1,263,116,000 after purchasing an additional 796,906 shares during the last quarter. Norges Bank acquired a new position in shares of Nike in the fourth quarter valued at approximately $892,899,000. American Century Companies Inc. grew its position in shares of Nike by 19.7% in the fourth quarter. American Century Companies Inc. now owns 6,357,307 shares of the footwear maker’s stock valued at $471,331,000 after purchasing an additional 1,047,428 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Nike by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,507,942 shares of the footwear maker’s stock valued at $260,074,000 after purchasing an additional 69,032 shares during the last quarter. Institutional investors and hedge funds own 65.67% of the company’s stock.
In other news, Director John C. Lechleiter sold 5,406 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $87.13, for a total value of $471,024.78. Following the completion of the transaction, the director now directly owns 68,457 shares in the company, valued at approximately $5,964,658.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Hilary K. Krane sold 17,903 shares of the stock in a transaction on Friday, July 12th. The shares were sold at an average price of $88.70, for a total value of $1,587,996.10. The disclosure for this sale can be found here. Insiders have sold 84,637 shares of company stock valued at $7,388,637 over the last 90 days. Corporate insiders own 3.80% of the company’s stock.
NYSE NKE traded down $0.50 on Tuesday, hitting $87.12. 60,719 shares of the company’s stock were exchanged, compared to its average volume of 5,202,430. The business has a 50-day moving average price of $85.86. The company has a current ratio of 2.10, a quick ratio of 1.39 and a debt-to-equity ratio of 0.38. Nike Inc has a 52 week low of $66.53 and a 52 week high of $90.00. The company has a market cap of $137.72 billion, a PE ratio of 34.76, a price-to-earnings-growth ratio of 2.32 and a beta of 0.78.
Nike (NYSE:NKE) last released its earnings results on Thursday, June 27th. The footwear maker reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.04). Nike had a return on equity of 45.12% and a net margin of 10.30%. The business had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter in the previous year, the company earned $0.69 earnings per share. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities research analysts anticipate that Nike Inc will post 2.9 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 3rd were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.01%. The ex-dividend date was Friday, May 31st. Nike’s payout ratio is presently 35.34%.
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.
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