NIKE, Inc. (NYSE:NKE) Shares Sold by First Interstate Bank

First Interstate Bank lowered its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 32.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,411 shares of the footwear maker's stock after selling 3,607 shares during the quarter. First Interstate Bank's holdings in NIKE were worth $470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in NKE. Heck Capital Advisors LLC acquired a new stake in NIKE during the 4th quarter valued at approximately $28,000. LFA Lugano Financial Advisors SA increased its stake in shares of NIKE by 110.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after purchasing an additional 210 shares in the last quarter. Hopwood Financial Services Inc. acquired a new position in shares of NIKE during the fourth quarter valued at approximately $30,000. EnRich Financial Partners LLC lifted its holdings in NIKE by 196.4% in the 4th quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock valued at $31,000 after purchasing an additional 273 shares in the last quarter. Finally, Roxbury Financial LLC boosted its stake in NIKE by 52.1% during the 1st quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker's stock worth $37,000 after purchasing an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company's stock.

NIKE Stock Down 0.3%

Shares of NKE stock traded down $0.21 during trading hours on Wednesday, reaching $73.71. 12,065,340 shares of the stock were exchanged, compared to its average volume of 15,276,182. The business's fifty day moving average is $63.08 and its two-hundred day moving average is $67.40. The firm has a market capitalization of $109.03 billion, a P/E ratio of 34.13, a P/E/G ratio of 2.68 and a beta of 1.25. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $90.62. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. The company had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.69 billion. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The company's quarterly revenue was down 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 EPS. As a group, research analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were given a dividend of $0.40 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.17%. NIKE's dividend payout ratio is presently 74.07%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NKE shares. Needham & Company LLC boosted their price target on shares of NIKE from $66.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Jefferies Financial Group restated a "buy" rating on shares of NIKE in a research report on Friday, May 23rd. Royal Bank Of Canada lowered their price objective on NIKE from $66.00 to $65.00 and set a "sector perform" rating on the stock in a research note on Tuesday, May 20th. BMO Capital Markets cut their target price on NIKE from $95.00 to $92.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $70.00 price target on shares of NIKE in a research report on Friday, June 27th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.19.

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.