Ames National Corp Purchases New Position in NIKE, Inc. (NYSE:NKE)

Ames National Corp purchased a new stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,328 shares of the footwear maker's stock, valued at approximately $479,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capricorn Fund Managers Ltd bought a new position in NIKE during the fourth quarter valued at approximately $5,384,000. Klein Pavlis & Peasley Financial Inc. lifted its stake in shares of NIKE by 31.1% in the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker's stock valued at $1,955,000 after purchasing an additional 6,124 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of NIKE by 1,302.7% in the 4th quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock valued at $196,901,000 after purchasing an additional 2,416,601 shares during the last quarter. Capitolis Liquid Global Markets LLC lifted its stake in shares of NIKE by 40.9% in the 4th quarter. Capitolis Liquid Global Markets LLC now owns 310,000 shares of the footwear maker's stock valued at $23,458,000 after purchasing an additional 90,000 shares during the last quarter. Finally, Stonegate Investment Group LLC lifted its stake in shares of NIKE by 18.5% in the 4th quarter. Stonegate Investment Group LLC now owns 670,616 shares of the footwear maker's stock valued at $50,746,000 after purchasing an additional 104,786 shares during the last quarter. 64.25% of the stock is owned by institutional investors.

NIKE Trading Up 0.7%

Shares of NYSE:NKE opened at $62.49 on Wednesday. The business's 50-day moving average is $60.63 and its 200 day moving average is $70.49. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $98.04. The firm has a market capitalization of $92.43 billion, a P/E ratio of 19.29, a P/E/G ratio of 2.52 and a beta of 1.23. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.26. The business had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company's quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 EPS. On average, research analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.60 annualized dividend and a yield of 2.56%. NIKE's payout ratio is presently 53.16%.

Analyst Ratings Changes

A number of brokerages recently issued reports on NKE. Wells Fargo & Company raised their price target on NIKE from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Royal Bank of Canada decreased their price target on NIKE from $66.00 to $65.00 and set a "sector perform" rating for the company in a research note on Tuesday. BMO Capital Markets decreased their price target on NIKE from $95.00 to $92.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Williams Trading decreased their price target on NIKE from $93.00 to $73.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. decreased their price target on NIKE from $64.00 to $56.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $80.26.

Insider Buying and Selling at NIKE

In other NIKE news, Director Robert Holmes Swan purchased 8,600 shares of the stock in a transaction on Friday, April 4th. The shares were bought at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the transaction, the director now owns 31,983 shares of the company's stock, valued at $1,869,726.18. This trade represents a 36.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.10% of the company's stock.

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.

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