Segall Bryant & Hamill LLC Reduces Holdings in Nike Inc (NYSE:NKE)

Segall Bryant & Hamill LLC lessened its holdings in shares of Nike Inc (NYSE:NKE) by 0.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 257,800 shares of the footwear maker’s stock after selling 920 shares during the period. Segall Bryant & Hamill LLC’s holdings in Nike were worth $19,113,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Next Capital Management LLC bought a new position in shares of Nike during the 4th quarter worth approximately $26,000. Gemmer Asset Management LLC lifted its holdings in Nike by 54.2% during the 4th quarter. Gemmer Asset Management LLC now owns 427 shares of the footwear maker’s stock worth $32,000 after purchasing an additional 150 shares during the last quarter. Acima Private Wealth LLC acquired a new stake in Nike during the 4th quarter worth approximately $39,000. Proffitt & Goodson Inc. acquired a new stake in Nike during the 4th quarter worth approximately $44,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in Nike during the 4th quarter worth approximately $51,000. Institutional investors own 65.62% of the company’s stock.

Shares of NKE stock traded up $0.47 on Friday, reaching $89.20. The company’s stock had a trading volume of 7,016,564 shares, compared to its average volume of 6,816,634. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.43 and a current ratio of 2.17. Nike Inc has a 12-month low of $64.99 and a 12-month high of $90.00. The company has a market capitalization of $140.20 billion, a PE ratio of 36.86, a price-to-earnings-growth ratio of 2.68 and a beta of 0.67.

Nike (NYSE:NKE) last released its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.03. The business had revenue of $9.61 billion for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $0.68 earnings per share. On average, sell-side analysts forecast that Nike Inc will post 2.55 EPS 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 issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.88 annualized dividend and a dividend yield of 0.99%. Nike’s dividend payout ratio is currently 36.36%.

Several brokerages have weighed in on NKE. Bank of America lifted their price objective on Nike from $55.00 to $60.00 and gave the company an “underperform” rating in a report on Tuesday, March 19th. Credit Suisse Group reissued a “buy” rating and set a $97.00 price target on shares of Nike in a report on Friday, March 22nd. JPMorgan Chase & Co. boosted their price target on Nike from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Goldman Sachs Group set a $85.00 price target on Nike and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Finally, Canaccord Genuity set a $96.00 price objective on Nike and gave the stock a “buy” rating in a research report on Monday, March 18th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-five have given a buy rating to the company. Nike has a consensus rating of “Buy” and an average target price of $87.10.

In related news, insider Eric D. Sprunk sold 40,004 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $87.82, for a total value of $3,513,151.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Mark G. Parker sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $82.00, for a total value of $12,300,000.00. Following the completion of the sale, the chairman now directly owns 1,539,963 shares in the company, valued at $126,276,966. The disclosure for this sale can be found here. In the last quarter, insiders sold 316,504 shares of company stock worth $26,620,816. Company insiders own 3.90% of the company’s stock.

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Nike 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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