Claybrook Capital LLC Purchases New Stake in Nike Inc (NKE)

Claybrook Capital LLC bought a new position in Nike Inc (NYSE:NKE) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,836 shares of the footwear maker’s stock, valued at approximately $136,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of NKE. Tiemann Investment Advisors LLC boosted its holdings in Nike by 2.4% in the fourth quarter. Tiemann Investment Advisors LLC now owns 5,420 shares of the footwear maker’s stock worth $402,000 after acquiring an additional 125 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Nike by 14.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 47,918 shares of the footwear maker’s stock worth $3,552,000 after acquiring an additional 6,157 shares in the last quarter. ETRADE Capital Management LLC boosted its holdings in Nike by 11.8% in the fourth quarter. ETRADE Capital Management LLC now owns 11,907 shares of the footwear maker’s stock worth $883,000 after acquiring an additional 1,259 shares in the last quarter. Peregrine Capital Management LLC boosted its holdings in Nike by 2.5% in the fourth quarter. Peregrine Capital Management LLC now owns 228,756 shares of the footwear maker’s stock worth $16,960,000 after acquiring an additional 5,578 shares in the last quarter. Finally, TRUE Private Wealth Advisors boosted its holdings in Nike by 7.7% in the fourth quarter. TRUE Private Wealth Advisors now owns 29,731 shares of the footwear maker’s stock worth $2,210,000 after acquiring an additional 2,131 shares in the last quarter. Institutional investors and hedge funds own 65.62% of the company’s stock.

Shares of NYSE:NKE traded up $0.59 during trading on Monday, hitting $86.83. The company had a trading volume of 4,945,743 shares, compared to its average volume of 6,503,353. The firm has a market capitalization of $135.72 billion, a price-to-earnings ratio of 35.88, a PEG ratio of 2.56 and a beta of 0.67. Nike Inc has a one year low of $64.99 and a one year high of $88.59. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.17 and a quick ratio of 1.43.

Nike (NYSE:NKE) last posted its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.03. The business had revenue of $9.61 billion during the quarter, compared to analyst estimates of $9.60 billion. Nike had a return on equity of 45.78% and a net margin of 10.79%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the company earned $0.68 EPS. As a group, analysts expect that Nike Inc will post 2.55 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, March 1st. Nike’s payout ratio is 36.36%.

In other news, EVP John F. Slusher sold 110,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $85.02, for a total value of $9,352,200.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Mark G. Parker sold 150,000 shares of the stock in a transaction that occurred on Friday, January 18th. The stock was sold at an average price of $80.00, for a total value of $12,000,000.00. Following the completion of the sale, the chief executive officer now owns 1,687,863 shares in the company, valued at $135,029,040. The disclosure for this sale can be found here. Insiders sold a total of 576,500 shares of company stock valued at $46,807,665 over the last ninety days. Corporate insiders own 3.90% of the company’s stock.

Several research firms have commented on NKE. Zacks Investment Research downgraded Nike from a “buy” rating to a “hold” rating in a report on Monday, March 25th. JPMorgan Chase & Co. restated a “buy” rating and issued a $90.00 price target on shares of Nike in a research note on Friday. UBS Group decreased their price target on Nike from $87.00 to $86.00 and set a “neutral” rating for the company in a research note on Friday, March 22nd. Citigroup began coverage on Nike in a research note on Wednesday, April 10th. They issued a “buy” rating and a $100.00 price target for the company. Finally, Wells Fargo & Co boosted their price target on Nike from $76.00 to $80.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $87.10.

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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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