Schmidt P J Investment Management Inc. lowered its position in Nike Inc (NYSE:NKE) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,606 shares of the footwear maker’s stock after selling 2,822 shares during the period. Schmidt P J Investment Management Inc.’s holdings in Nike were worth $3,478,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Field & Main Bank acquired a new position in Nike in the 4th quarter worth $100,000. Willingdon Wealth Management acquired a new position in Nike in the 3rd quarter worth $114,000. Atlantic Trust LLC acquired a new position in Nike in the 2nd quarter worth $136,000. Howe & Rusling Inc. boosted its stake in Nike by 751.3% in the 3rd quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock worth $137,000 after purchasing an additional 2,329 shares during the period. Finally, Horan Capital Advisors LLC. acquired a new position in Nike in the 3rd quarter worth $161,000. Institutional investors and hedge funds own 62.65% of the company’s stock.
In other news, EVP Monique S. Matheson sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $62.00, for a total transaction of $620,000.00. Following the transaction, the executive vice president now directly owns 23,248 shares of the company’s stock, valued at $1,441,376. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Mark G. Parker sold 135,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $65.00, for a total transaction of $8,775,000.00. Following the transaction, the chairman now directly owns 1,502,830 shares in the company, valued at $97,683,950. The disclosure for this sale can be found here. Insiders have sold 932,896 shares of company stock worth $59,594,217 over the last ninety days. Insiders own 3.90% of the company’s stock.
Nike Inc (NYSE NKE) opened at $67.96 on Thursday. The firm has a market cap of $110,880.00, a PE ratio of 29.42, a price-to-earnings-growth ratio of 2.98 and a beta of 0.68. The company has a quick ratio of 1.67, a current ratio of 2.46 and a debt-to-equity ratio of 0.30. Nike Inc has a fifty-two week low of $50.35 and a fifty-two week high of $68.83.
Nike (NYSE:NKE) last released its quarterly earnings results on Thursday, December 21st. The footwear maker reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $8.55 billion for the quarter, compared to analysts’ expectations of $8.39 billion. During the same period in the prior year, the firm earned $0.50 EPS. The business’s revenue was up 4.6% on a year-over-year basis. equities research analysts anticipate that Nike Inc will post 2.26 earnings per share for the current year.
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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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