Bath Savings Trust Co Sells 12,961 Shares of NIKE, Inc. (NYSE:NKE)

Bath Savings Trust Co decreased its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 8.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 140,617 shares of the footwear maker's stock after selling 12,961 shares during the period. Bath Savings Trust Co's holdings in NIKE were worth $8,926,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in NKE. Klein Pavlis & Peasley Financial Inc. lifted its stake in NIKE by 31.1% in the fourth 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 position in shares of NIKE by 1,302.7% during the 4th quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock valued at $196,901,000 after buying an additional 2,416,601 shares during the last quarter. Capitolis Liquid Global Markets LLC lifted its position in shares of NIKE by 40.9% during 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 buying an additional 90,000 shares during the last quarter. Crews Bank & Trust bought a new position in shares of NIKE during the 4th quarter worth $623,000. Finally, Janus Henderson Group PLC increased its holdings in NIKE by 8.3% in the 4th quarter. Janus Henderson Group PLC now owns 6,081,021 shares of the footwear maker's stock worth $460,160,000 after acquiring an additional 463,470 shares during the last quarter. Institutional investors own 64.25% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NKE. Needham & Company LLC reduced their target price on shares of NIKE from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Monday, March 17th. Berenberg Bank initiated coverage on NIKE in a report on Tuesday, April 15th. They issued a "hold" rating and a $58.00 price target for the company. JPMorgan Chase & Co. reduced their price target on NIKE from $64.00 to $56.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Robert W. Baird decreased their price objective on NIKE from $105.00 to $99.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Finally, Stifel Nicolaus dropped their price objective on NIKE from $75.00 to $64.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Seventeen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, NIKE presently has a consensus rating of "Moderate Buy" and a consensus price target of $80.26.

Insider Activity

In other news, Director Robert Holmes Swan bought 8,600 shares of the business's stock in a transaction dated Friday, April 4th. The shares were purchased at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the acquisition, the director now owns 31,983 shares of the company's stock, valued at approximately $1,869,726.18. This trade represents a 36.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

NIKE Price Performance

Shares of NKE stock traded down $0.92 during trading hours on Friday, hitting $60.52. 18,145,753 shares of the company's stock were exchanged, compared to its average volume of 15,041,010. The company has a market capitalization of $89.52 billion, a PE ratio of 18.68, a PEG ratio of 2.52 and a beta of 1.23. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $98.04. The business's 50 day simple moving average is $59.08 and its 200-day simple moving average is $69.67.

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

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be issued a $0.40 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.64%. NIKE's dividend payout ratio is currently 53.16%.

NIKE 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.