Nike Inc (NYSE:NKE) Shares Purchased by Hohimer Wealth Management LLC

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Hohimer Wealth Management LLC boosted its holdings in Nike Inc (NYSE:NKE) by 52.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,773 shares of the footwear maker’s stock after purchasing an additional 6,767 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Nike were worth $1,939,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in NKE. Heritage Trust Co increased its stake in shares of Nike by 2.7% during the first quarter. Heritage Trust Co now owns 4,411 shares of the footwear maker’s stock worth $365,000 after buying an additional 117 shares during the period. Pacer Advisors Inc. increased its position in shares of Nike by 4.2% in the first quarter. Pacer Advisors Inc. now owns 3,031 shares of the footwear maker’s stock valued at $273,000 after acquiring an additional 122 shares during the last quarter. Farmers Trust Co. increased its position in shares of Nike by 0.7% in the first quarter. Farmers Trust Co. now owns 18,139 shares of the footwear maker’s stock valued at $1,501,000 after acquiring an additional 125 shares during the last quarter. Moloney Securities Asset Management LLC increased its position in shares of Nike by 0.9% in the first quarter. Moloney Securities Asset Management LLC now owns 14,062 shares of the footwear maker’s stock valued at $1,164,000 after acquiring an additional 130 shares during the last quarter. Finally, Mcdaniel Terry & Co. increased its position in shares of Nike by 4.6% in the first quarter. Mcdaniel Terry & Co. now owns 3,156 shares of the footwear maker’s stock valued at $261,000 after acquiring an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 64.46% of the company’s stock.

In other Nike news, COO Andrew Campion sold 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $98.00, for a total transaction of $5,880,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Hilary K. Krane sold 11,000 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $90.00, for a total transaction of $990,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 236,000 shares of company stock valued at $23,228,100. 3.80% of the stock is currently owned by corporate insiders.

A number of analysts recently issued reports on the company. Wedbush reaffirmed an “outperform” rating and issued a $107.00 target price on shares of Nike in a research report on Friday, June 26th. Goldman Sachs Group reaffirmed a “buy” rating and issued a $110.00 target price (up previously from $96.00) on shares of Nike in a research report on Friday, June 26th. DZ Bank reiterated a “sell” rating on shares of Nike in a report on Friday, June 26th. Telsey Advisory Group lifted their price target on Nike from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, June 19th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $118.00 price target on shares of Nike in a report on Friday, June 26th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $109.01.

Shares of NKE stock traded up $0.30 during trading on Tuesday, hitting $96.76. The company had a trading volume of 4,848,215 shares, compared to its average volume of 8,492,203. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.59 and a current ratio of 2.48. The firm has a market capitalization of $150.00 billion, a P/E ratio of 61.24, a price-to-earnings-growth ratio of 2.69 and a beta of 0.80. The stock’s 50-day moving average price is $98.52 and its 200 day moving average price is $93.44. Nike Inc has a one year low of $60.00 and a one year high of $105.62.

Nike (NYSE:NKE) last issued its quarterly earnings results on Thursday, June 25th. The footwear maker reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.53). The company had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $7.26 billion. Nike had a net margin of 6.79% and a return on equity of 32.95%. The company’s quarterly revenue was down 38.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 earnings per share. On average, research analysts anticipate that Nike Inc will post 2.23 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 1st were paid a $0.245 dividend. This represents a $0.98 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, May 29th. Nike’s dividend payout ratio (DPR) is currently 52.97%.

Nike Company Profile

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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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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