American National Bank & Trust Buys 5,003 Shares of NIKE, Inc. (NYSE:NKE)

American National Bank & Trust grew its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 668.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,751 shares of the footwear maker's stock after purchasing an additional 5,003 shares during the period. American National Bank & Trust's holdings in NIKE were worth $365,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. JNBA Financial Advisors lifted its stake in NIKE by 1.3% in the 4th quarter. JNBA Financial Advisors now owns 10,045 shares of the footwear maker's stock worth $760,000 after acquiring an additional 131 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in shares of NIKE by 0.7% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 20,446 shares of the footwear maker's stock valued at $1,547,000 after purchasing an additional 136 shares during the period. Elgethun Capital Management lifted its position in shares of NIKE by 13.7% in the fourth quarter. Elgethun Capital Management now owns 1,236 shares of the footwear maker's stock worth $94,000 after purchasing an additional 149 shares in the last quarter. Game Plan Financial Advisors LLC lifted its position in shares of NIKE by 11.1% in the fourth quarter. Game Plan Financial Advisors LLC now owns 1,500 shares of the footwear maker's stock worth $114,000 after purchasing an additional 150 shares in the last quarter. Finally, AlTi Global Inc. boosted its holdings in shares of NIKE by 0.4% during the fourth quarter. AlTi Global Inc. now owns 36,996 shares of the footwear maker's stock worth $2,813,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 64.25% of the company's stock.

Insider Buying and Selling at NIKE

In other NIKE news, Director Robert Holmes Swan purchased 8,600 shares of the business's stock in a transaction on Friday, April 4th. The stock was purchased at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the purchase, the director now directly owns 31,983 shares in the company, valued at approximately $1,869,726.18. This trade represents a 36.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.10% of the company's stock.

NIKE Stock Performance

NIKE stock traded up $0.82 during trading hours on Tuesday, hitting $62.39. The stock had a trading volume of 10,262,316 shares, compared to its average volume of 15,018,147. The company has a 50-day moving average of $59.00 and a two-hundred day moving average of $69.48. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $98.04. The company has a market cap of $92.28 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23.

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

NIKE Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 2.56%. NIKE's dividend payout ratio is currently 53.16%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NKE. Telsey Advisory Group dropped their price objective on shares of NIKE from $80.00 to $70.00 and set a "market perform" rating on the stock in a research note on Tuesday, May 6th. Barclays dropped their price target on shares of NIKE from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Monday, May 12th. BMO Capital Markets cut their price objective on NIKE from $95.00 to $92.00 and set an "outperform" rating for the company in a report on Friday, March 21st. China Renaissance began coverage on NIKE in a research note on Wednesday, March 19th. They issued a "hold" rating on the stock. Finally, Berenberg Bank assumed coverage on NIKE in a research report on Tuesday, April 15th. They issued a "hold" rating and a $58.00 target price on the stock. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $80.26.

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.