Community Bank N.A. Acquires 955 Shares of NIKE, Inc. $NKE

Community Bank N.A. raised its holdings in shares of NIKE, Inc. (NYSE:NKE) by 5.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,545 shares of the footwear maker’s stock after purchasing an additional 955 shares during the period. Community Bank N.A.’s holdings in NIKE were worth $1,317,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NKE. Goldman Sachs Group Inc. increased its stake in shares of NIKE by 344.2% during the first quarter. Goldman Sachs Group Inc. now owns 26,698,835 shares of the footwear maker’s stock valued at $1,694,842,000 after purchasing an additional 20,688,013 shares in the last quarter. Wellington Management Group LLP increased its position in shares of NIKE by 24.9% during the first quarter. Wellington Management Group LLP now owns 45,383,916 shares of the footwear maker’s stock valued at $2,880,971,000 after acquiring an additional 9,043,180 shares in the last quarter. Jennison Associates LLC bought a new stake in shares of NIKE during the first quarter valued at approximately $509,051,000. Nuveen LLC bought a new stake in shares of NIKE during the first quarter valued at approximately $502,285,000. Finally, Vanguard Group Inc. increased its position in shares of NIKE by 4.6% during the first quarter. Vanguard Group Inc. now owns 113,151,080 shares of the footwear maker’s stock valued at $7,182,831,000 after acquiring an additional 4,957,494 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NKE shares. Jefferies Financial Group reissued a “buy” rating and set a $115.00 price target on shares of NIKE in a research report on Monday, September 29th. KeyCorp set a $90.00 price target on shares of NIKE and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of NIKE from $77.00 to $71.00 and set a “buy” rating for the company in a research report on Friday, June 20th. Citigroup raised shares of NIKE from a “neutral” rating to a “positive” rating in a research report on Friday, September 19th. Finally, Cowen upgraded shares of NIKE from a “hold” rating to a “buy” rating in a report on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.57.

Insider Buying and Selling at NIKE

In other news, Chairman Mark G. Parker sold 110,000 shares of NIKE stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the transaction, the chairman owned 842,361 shares in the company, valued at $60,894,276.69. This trade represents a 11.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Treasure Heinle sold 4,300 shares of NIKE stock in a transaction on Monday, October 6th. The stock was sold at an average price of $71.27, for a total transaction of $306,461.00. Following the transaction, the executive vice president owned 29,396 shares in the company, valued at $2,095,052.92. This represents a 12.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 200,378 shares of company stock worth $14,794,264 in the last quarter. Corporate insiders own 0.80% of the company’s stock.

NIKE Trading Up 3.3%

Shares of NKE stock opened at $67.39 on Tuesday. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $84.76. The company has a current ratio of 2.19, a quick ratio of 1.45 and a debt-to-equity ratio of 0.59. The firm’s 50 day moving average is $73.66 and its 200 day moving average is $67.33. The stock has a market capitalization of $99.61 billion, a P/E ratio of 34.56, a P/E/G ratio of 2.38 and a beta of 1.29.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.22. The business had revenue of $11.72 billion for the quarter, compared to analysts’ expectations of $10.96 billion. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.70 EPS. Research analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, September 2nd. NIKE’s dividend payout ratio (DPR) is currently 82.05%.

NIKE Company Profile

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.