GW Henssler & Associates Ltd. Has $19.55 Million Holdings in NIKE, Inc. $NKE

Key Points

• GW Henssler & Associates Ltd. increased its stake in NIKE, Inc. by 14.0%, owning 275,217 shares valued at approximately $19.55 million as reported in the latest SEC filing.
• NIKE reported $0.49 earnings per share for the last quarter, exceeding analyst expectations of $0.27, with revenue of $11.72 billion.
• The company declared a quarterly dividend of $0.40 per share, leading to an annualized dividend yield of 2.5%, with an 82.05% dividend payout ratio.

GW Henssler & Associates Ltd. lifted its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 14.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,217 shares of the footwear maker's stock after acquiring an additional 33,737 shares during the quarter. GW Henssler & Associates Ltd.'s holdings in NIKE were worth $19,551,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its stake in NIKE by 388.5% in the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker's stock worth $15,316,000 after purchasing an additional 160,980 shares in the last quarter. GAMMA Investing LLC lifted its position in NIKE by 39.1% during the 1st quarter. GAMMA Investing LLC now owns 20,877 shares of the footwear maker's stock worth $1,325,000 after buying an additional 5,863 shares in the last quarter. Simon Quick Advisors LLC lifted its position in NIKE by 21.0% during the 1st quarter. Simon Quick Advisors LLC now owns 3,986 shares of the footwear maker's stock worth $253,000 after buying an additional 691 shares in the last quarter. Everhart Financial Group Inc. acquired a new position in NIKE during the 1st quarter worth about $229,000. Finally, Krilogy Financial LLC acquired a new position in shares of NIKE during the first quarter worth approximately $661,000. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Stock Performance

NKE stock opened at $65.25 on Friday. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $84.76. The business's fifty day moving average is $73.80 and its 200-day moving average is $67.29. The company has a quick ratio of 1.45, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The company has a market cap of $96.45 billion, a P/E ratio of 33.46, a price-to-earnings-growth ratio of 2.38 and a beta of 1.29.

NIKE (NYSE:NKE - Get Free Report) last released its earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.22. The firm had revenue of $11.72 billion for the quarter, compared to analyst estimates of $10.96 billion. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The company's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.70 earnings per share. Equities research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.5%. NIKE's dividend payout ratio (DPR) is currently 82.05%.

Insider Activity

In other NIKE news, EVP Treasure Heinle sold 4,300 shares of NIKE stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $71.27, for a total value of $306,461.00. Following the sale, the executive vice president owned 29,396 shares of the company's stock, valued at $2,095,052.92. This trade represents a 12.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Mark G. Parker sold 86,078 shares of NIKE stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $75.93, for a total value of $6,535,902.54. Following the completion of the sale, the chairman directly owned 744,988 shares in the company, valued at $56,566,938.84. This represents a 10.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 200,378 shares of company stock worth $14,794,264 in the last three months. Company insiders own 0.80% of the company's stock.

Analysts Set New Price Targets

NKE has been the topic of a number of research reports. Weiss Ratings upgraded shares of NIKE from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday. DZ Bank raised NIKE from a "hold" rating to a "buy" rating in a report on Wednesday, October 1st. Hsbc Global Res raised NIKE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Needham & Company LLC reaffirmed a "buy" rating and set a $78.00 price target on shares of NIKE in a research note on Wednesday, October 1st. Finally, KeyCorp set a $90.00 price target on NIKE and gave the company an "overweight" rating in a research note on Thursday, October 2nd. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $81.57.

About NIKE

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.

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