Sontag Advisory LLC Has $3.38 Million Stock Position in Nike Inc (NYSE:NKE)

Sontag Advisory LLC increased its stake in shares of Nike Inc (NYSE:NKE) by 394.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,895 shares of the footwear maker’s stock after purchasing an additional 32,620 shares during the quarter. Sontag Advisory LLC’s holdings in Nike were worth $3,384,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of NKE. Firestone Capital Management acquired a new stake in shares of Nike during the fourth quarter worth approximately $25,000. Sowa Financial Group Inc. bought a new position in Nike during the fourth quarter valued at approximately $27,000. Kessler Investment Group LLC bought a new position in Nike during the first quarter valued at approximately $27,000. Sugarloaf Wealth Management LLC raised its position in Nike by 68.9% during the first quarter. Sugarloaf Wealth Management LLC now owns 402 shares of the footwear maker’s stock valued at $33,000 after acquiring an additional 164 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its position in Nike by 100.5% during the first quarter. Benjamin Edwards Inc. now owns 399 shares of the footwear maker’s stock valued at $33,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 64.54% of the company’s stock.

Several equities analysts recently weighed in on NKE shares. BTIG Research began coverage on shares of Nike in a research report on Tuesday, April 28th. They set a “buy” rating and a $108.00 price objective on the stock. Bank of America raised shares of Nike from a “neutral” rating to a “buy” rating and dropped their price target for the company from $105.00 to $85.00 in a research report on Friday, March 20th. Susquehanna Bancshares reissued a “buy” rating and issued a $115.00 price target on shares of Nike in a research report on Wednesday, February 5th. Stifel Nicolaus reissued a “buy” rating and issued a $110.00 price target on shares of Nike in a research report on Thursday, February 6th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $83.00 price target on shares of Nike in a research report on Friday, May 1st. Four analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $98.88.

In other news, Director John W. Rogers, Jr. acquired 1,000 shares of the company’s stock in a transaction on Friday, April 3rd. The stock was purchased at an average cost of $84.63 per share, with a total value of $84,630.00. Following the acquisition, the director now owns 12,851 shares of the company’s stock, valued at approximately $1,087,580.13. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John W. Rogers, Jr. acquired 2,500 shares of the company’s stock in a transaction on Thursday, March 26th. The shares were purchased at an average cost of $84.22 per share, with a total value of $210,550.00. Following the completion of the acquisition, the director now directly owns 11,851 shares in the company, valued at approximately $998,091.22. The disclosure for this purchase can be found here. 3.80% of the stock is owned by corporate insiders.

NYSE NKE traded up $0.72 on Monday, hitting $99.30. 153,908 shares of the company were exchanged, compared to its average volume of 6,479,829. The firm has a 50 day moving average of $89.13 and a two-hundred day moving average of $92.64. The company has a market cap of $153.30 billion, a P/E ratio of 36.38, a P/E/G ratio of 3.05 and a beta of 0.78. The company has a current ratio of 1.90, a quick ratio of 1.20 and a debt-to-equity ratio of 0.69. Nike Inc has a 1-year low of $60.00 and a 1-year high of $105.62.

Nike (NYSE:NKE) last issued its quarterly earnings results on Tuesday, March 24th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.19. The business had revenue of $10.10 billion for the quarter, compared to the consensus estimate of $9.56 billion. Nike had a net margin of 10.46% and a return on equity of 51.49%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS. Research analysts anticipate that Nike Inc will post 2.64 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a dividend of $0.245 per share. The ex-dividend date is Friday, May 29th. This represents a $0.98 annualized dividend and a yield of 0.99%. Nike’s dividend payout ratio (DPR) is 39.36%.

About Nike

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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