EagleClaw Capital Managment LLC Has $6,895,000 Stake in Nike, Inc. (NKE)
EagleClaw Capital Managment LLC continued to hold its position in shares of Nike, Inc. (NYSE:NKE) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 116,772 shares of the footwear maker’s stock at the end of the second quarter. Nike makes up about 4.0% of EagleClaw Capital Managment LLC’s portfolio, making the stock its 3rd largest position. EagleClaw Capital Managment LLC’s holdings in Nike were worth $6,895,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Asset Planning Services Ltd. raised its position in shares of Nike by 0.3% during the second quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock worth $126,000 after acquiring an additional 7 shares during the last quarter. Kistler Tiffany Companies LLC grew its stake in shares of Nike by 91.7% during the second quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock worth $149,000 after purchasing an additional 1,209 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of Nike by 7.8% during the second quarter. Parkside Financial Bank & Trust now owns 2,780 shares of the footwear maker’s stock worth $164,000 after purchasing an additional 201 shares during the period. SRS Capital Advisors Inc. grew its stake in shares of Nike by 31.1% during the first quarter. SRS Capital Advisors Inc. now owns 3,085 shares of the footwear maker’s stock worth $171,000 after purchasing an additional 731 shares during the period. Finally, Oakworth Capital Inc. grew its stake in shares of Nike by 14.3% during the second quarter. Oakworth Capital Inc. now owns 2,994 shares of the footwear maker’s stock worth $177,000 after purchasing an additional 374 shares during the period. 62.78% of the stock is owned by institutional investors and hedge funds.
In other news, Chairman Mark G. Parker sold 135,000 shares of Nike stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $55.03, for a total value of $7,429,050.00. Following the transaction, the chairman now directly owns 1,637,736 shares of the company’s stock, valued at approximately $90,124,612.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Johnathan A. Rodgers sold 16,000 shares of Nike stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $53.45, for a total transaction of $855,200.00. Following the completion of the transaction, the director now directly owns 25,660 shares in the company, valued at $1,371,527. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by company insiders.
Nike, Inc. (NYSE:NKE) traded up $0.22 during midday trading on Tuesday, reaching $60.10. 7,513,200 shares of the company’s stock traded hands, compared to its average volume of 9,589,526. The company has a current ratio of 2.67, a quick ratio of 1.81 and a debt-to-equity ratio of 0.29. Nike, Inc. has a twelve month low of $50.26 and a twelve month high of $61.21. The stock has a market capitalization of $97,695.23, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 2.81 and a beta of 0.64.
Nike (NYSE:NKE) last issued its quarterly earnings data on Tuesday, September 26th. The footwear maker reported $0.57 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 firm had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.08 billion. During the same period in the prior year, the firm posted $0.73 earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. equities analysts expect that Nike, Inc. will post 2.28 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, December 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.33%. This is a boost from Nike’s previous quarterly dividend of $0.18. Nike’s dividend payout ratio (DPR) is presently 34.04%.
NKE has been the subject of a number of research analyst reports. Jefferies Group set a $75.00 target price on Nike and gave the company a “buy” rating in a research note on Tuesday, August 15th. BidaskClub cut shares of Nike from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Vetr raised shares of Nike from a “hold” rating to a “buy” rating and set a $59.74 price target on the stock in a report on Monday, August 21st. Goldman Sachs Group reaffirmed a “buy” rating and issued a $58.00 price target (down previously from $63.00) on shares of Nike in a report on Monday, August 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 price target on shares of Nike in a report on Thursday, August 24th. Three investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and nineteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $59.01.
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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