GFS Advisors LLC Maintains Holdings in Nike, Inc. (NKE)

GFS Advisors LLC held its position in shares of Nike, Inc. (NYSE:NKE) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,000 shares of the footwear maker’s stock at the end of the 2nd quarter. GFS Advisors LLC’s holdings in Nike were worth $1,947,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NKE. Asset Planning Services Ltd. lifted 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 purchasing an additional 7 shares in the last quarter. Stearns Financial Services Group lifted its position in shares of Nike by 0.4% during the second quarter. Stearns Financial Services Group now owns 4,160 shares of the footwear maker’s stock worth $245,000 after purchasing an additional 17 shares in the last quarter. Accredited Investors Inc. lifted its position in shares of Nike by 0.5% during the first quarter. Accredited Investors Inc. now owns 4,167 shares of the footwear maker’s stock worth $232,000 after purchasing an additional 19 shares in the last quarter. Montecito Bank & Trust lifted its position in shares of Nike by 0.3% during the first quarter. Montecito Bank & Trust now owns 7,200 shares of the footwear maker’s stock worth $402,000 after purchasing an additional 24 shares in the last quarter. Finally, Smith Shellnut Wilson LLC ADV lifted its position in shares of Nike by 0.3% during the second quarter. Smith Shellnut Wilson LLC ADV now owns 14,894 shares of the footwear maker’s stock worth $822,000 after purchasing an additional 41 shares in the last quarter. Institutional investors own 62.51% of the company’s stock.

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A number of research analysts have recently commented on NKE shares. Stifel Nicolaus reissued a “buy” rating and set a $66.00 target price on shares of Nike in a research report on Friday, June 30th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $63.00 target price (up from $62.00) on shares of Nike in a research report on Friday, June 30th. Berenberg Bank reissued a “buy” rating and set a $70.00 target price on shares of Nike in a research report on Friday, June 30th. Nomura reissued a “buy” rating and set a $60.00 target price on shares of Nike in a research report on Friday, June 30th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $75.00 target price on shares of Nike in a research report on Wednesday, June 28th. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Nike presently has a consensus rating of “Hold” and an average target price of $59.04.

Shares of Nike, Inc. (NYSE NKE) opened at 53.66 on Tuesday. The firm’s 50-day moving average is $52.57 and its 200-day moving average is $54.67. The stock has a market capitalization of $87.55 billion, a price-to-earnings ratio of 22.84 and a beta of 0.61. Nike, Inc. has a 1-year low of $49.01 and a 1-year high of $60.53.

Nike (NYSE:NKE) last posted its earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.09. The company had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.08 billion. Nike had a return on equity of 31.88% and a net margin of 11.47%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.73 EPS. On average, analysts predict that Nike, Inc. will post $2.32 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Tuesday, September 5th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.34%. Nike’s payout ratio is currently 30.64%.

In other news, Director Johnathan A. Rodgers sold 16,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was 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 approximately $1,371,527. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Eric D. Sprunk sold 112,323 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $58.61, for a total value of $6,583,251.03. Following the transaction, the insider now owns 139,551 shares of the company’s stock, valued at $8,179,084.11. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by insiders.

Nike 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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