Iowa State Bank Raises Stake in NIKE, Inc. (NYSE:NKE)

Iowa State Bank increased its holdings in NIKE, Inc. (NYSE:NKE) by 70.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,611 shares of the footwear maker’s stock after buying an additional 12,217 shares during the period. Iowa State Bank’s holdings in NIKE were worth $2,618,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Pine Haven Investment Counsel Inc boosted its position in shares of NIKE by 36.4% in the 3rd quarter. Pine Haven Investment Counsel Inc now owns 21,565 shares of the footwear maker’s stock worth $1,906,000 after buying an additional 5,754 shares in the last quarter. JGP Wealth Management LLC boosted its position in shares of NIKE by 2.4% in the 3rd quarter. JGP Wealth Management LLC now owns 107,934 shares of the footwear maker’s stock worth $9,541,000 after buying an additional 2,515 shares in the last quarter. DLK Investment Management LLC boosted its position in shares of NIKE by 5.9% in the 3rd quarter. DLK Investment Management LLC now owns 50,365 shares of the footwear maker’s stock worth $4,452,000 after buying an additional 2,806 shares in the last quarter. San Luis Wealth Advisors LLC purchased a new stake in shares of NIKE in the 3rd quarter worth about $201,000. Finally, Private Advisory Group LLC boosted its position in shares of NIKE by 2.1% in the 3rd quarter. Private Advisory Group LLC now owns 11,671 shares of the footwear maker’s stock worth $1,032,000 after buying an additional 244 shares in the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Chairman Mark G. Parker sold 52,487 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the completion of the transaction, the chairman now directly owns 1,031,226 shares in the company, valued at approximately $80,435,628. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Chairman Mark G. Parker sold 52,487 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the transaction, the chairman now directly owns 1,031,226 shares in the company, valued at $80,435,628. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 110,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $72.97, for a total value of $8,026,700.00. Following the transaction, the chairman now owns 1,102,090 shares in the company, valued at $80,419,507.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

NIKE Stock Up 0.0 %

Shares of NYSE:NKE opened at $82.14 on Friday. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 52-week low of $70.75 and a 52-week high of $123.39. The company has a 50 day moving average of $81.66 and a two-hundred day moving average of $85.69. The company has a market capitalization of $123.98 billion, a price-to-earnings ratio of 22.02, a price-to-earnings-growth ratio of 1.96 and a beta of 1.02.

NIKE (NYSE:NKE) last released its earnings results on Tuesday, October 1st. The footwear maker reported $0.70 EPS for the quarter, beating the consensus estimate of $0.52 by $0.18. The company had revenue of $11.59 billion during the quarter, compared to analysts’ expectations of $11.64 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The business’s revenue was down 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.94 EPS. As a group, analysts forecast that NIKE, Inc. will post 2.8 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Tuesday, September 3rd. NIKE’s dividend payout ratio (DPR) is currently 39.68%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NKE shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of NIKE from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, October 2nd. Daiwa America lowered shares of NIKE from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 11th. Jefferies Financial Group upped their target price on shares of NIKE from $80.00 to $85.00 and gave the company a “hold” rating in a report on Monday, September 30th. Oppenheimer restated an “outperform” rating and issued a $120.00 target price on shares of NIKE in a report on Friday, June 28th. Finally, Morgan Stanley upped their target price on shares of NIKE from $79.00 to $82.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $96.56.

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.