Gofen & Glossberg LLC IL Has $20.62 Million Stake in Nike, Inc. (NKE)

Gofen & Glossberg LLC IL lifted its stake in Nike, Inc. (NYSE:NKE) by 9.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 349,526 shares of the footwear maker’s stock after purchasing an additional 30,957 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in Nike were worth $20,622,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of NKE. Asset Planning Services Ltd. boosted its position in shares of Nike by 0.3% in the 2nd quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock worth $126,000 after purchasing an additional 7 shares in the last quarter. Kistler Tiffany Companies LLC boosted its position in shares of Nike by 91.7% in the 2nd 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 in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Nike by 7.8% in the 2nd 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 in the last quarter. SRS Capital Advisors Inc. boosted its position in shares of Nike by 31.1% in the 1st 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 in the last quarter. Finally, Oakworth Capital Inc. boosted its position in shares of Nike by 14.3% in the 2nd quarter. Oakworth Capital Inc. now owns 2,994 shares of the footwear maker’s stock worth $177,000 after purchasing an additional 374 shares in the last quarter. 62.78% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Nike, Inc. (NYSE NKE) traded up $0.32 on Wednesday, reaching $60.42. 8,862,800 shares of the company’s stock were exchanged, compared to its average volume of 9,586,421. The stock has a market cap of $98,054.16, a price-to-earnings ratio of 25.57, a PEG ratio of 2.82 and a beta of 0.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.81 and a current ratio of 2.67. Nike, Inc. has a 1-year low of $50.26 and a 1-year high of $61.21.

Nike (NYSE:NKE) last announced its earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. The business had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.08 billion. Nike had a net margin of 11.47% and a return on equity of 31.88%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 EPS. research analysts expect that Nike, Inc. will post 2.28 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 1st. This is a positive change from Nike’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 1.32%. Nike’s payout ratio is currently 34.04%.

A number of brokerages have recently commented on NKE. HSBC cut Nike from a “buy” rating to a “hold” rating and boosted their price target for the stock from $58.95 to $62.00 in a research report on Tuesday, November 28th. Robert W. Baird reissued a “buy” rating and issued a $65.00 price target on shares of Nike in a research report on Friday, November 17th. Vetr cut Nike from a “buy” rating to a “hold” rating and set a $58.81 price objective on the stock. in a research report on Friday, November 17th. B. Riley reaffirmed a “neutral” rating on shares of Nike in a research report on Wednesday, November 1st. Finally, Forward View raised Nike from a “sell” rating to a “hold” rating in a research report on Sunday, October 29th. Three investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and nineteen have issued a buy rating to the company’s stock. Nike currently has a consensus rating of “Hold” and an average target price of $59.01.

In other news, Director Johnathan A. Rodgers sold 16,000 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $53.45, for a total value of $855,200.00. Following the completion of the sale, the director now directly owns 25,660 shares in the company, valued at approximately $1,371,527. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Mark G. Parker sold 135,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $55.03, for a total value of $7,429,050.00. Following the completion of the sale, the chairman now owns 1,637,736 shares of the company’s stock, valued at $90,124,612.08. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by insiders.

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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.

Institutional Ownership by Quarter for Nike (NYSE:NKE)

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