GW Henssler & Associates Ltd. Invests $15.33 Million in NIKE, Inc. $NKE

GW Henssler & Associates Ltd. acquired a new position in shares of NIKE, Inc. (NYSE:NKE) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 241,480 shares of the footwear maker’s stock, valued at approximately $15,329,000.

Other large investors have also modified their holdings of the company. Spire Wealth Management grew its holdings in shares of NIKE by 4.4% during the first quarter. Spire Wealth Management now owns 9,872 shares of the footwear maker’s stock valued at $627,000 after buying an additional 416 shares in the last quarter. Capitolis Liquid Global Markets LLC grew its holdings in shares of NIKE by 40.9% during the fourth quarter. Capitolis Liquid Global Markets LLC now owns 310,000 shares of the footwear maker’s stock valued at $23,458,000 after buying an additional 90,000 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of NIKE by 8.3% during the fourth quarter. Janus Henderson Group PLC now owns 6,081,021 shares of the footwear maker’s stock valued at $460,160,000 after buying an additional 463,470 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of NIKE by 0.6% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,008,340 shares of the footwear maker’s stock valued at $69,932,000 after buying an additional 5,601 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp grew its holdings in shares of NIKE by 20.2% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 52,370 shares of the footwear maker’s stock valued at $3,963,000 after buying an additional 8,792 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the firm’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the transaction, the chairman directly owned 842,361 shares in the company, valued at $60,894,276.69. This trade represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is currently owned by company insiders.

NIKE Price Performance

Shares of NYSE:NKE opened at $77.34 on Monday. The company has a current ratio of 2.21, a quick ratio of 1.50 and a debt-to-equity ratio of 0.60. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $90.62. The business has a fifty day simple moving average of $74.32 and a 200 day simple moving average of $67.86. The firm has a market cap of $114.22 billion, a price-to-earnings ratio of 35.81, a P/E/G ratio of 2.81 and a beta of 1.24.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. NIKE had a return on equity of 23.33% and a net margin of 6.95%.The business had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.69 billion. During the same period last year, the company earned $0.99 earnings per share. NIKE’s quarterly revenue was down 11.9% compared to the same quarter last year. As a group, sell-side analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.1%. The ex-dividend date is Tuesday, September 2nd. NIKE’s dividend payout ratio (DPR) is 74.07%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NKE. DZ Bank downgraded NIKE from a “buy” rating to a “hold” rating and set a $76.00 price target on the stock. in a report on Thursday, July 10th. Sanford C. Bernstein reiterated an “outperform” rating on shares of NIKE in a report on Monday, August 18th. Zacks Research upgraded NIKE from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 26th. The Goldman Sachs Group lifted their price target on NIKE from $72.00 to $81.00 and gave the company a “buy” rating in a report on Friday, June 27th. Finally, Wells Fargo & Company lifted their price target on NIKE from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, May 14th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.22.

NIKE Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.