NIKE, Inc. (NYSE:NKE) Shares Sold by NBT Bank N A NY

NBT Bank N A NY decreased its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 17.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,315 shares of the footwear maker's stock after selling 6,789 shares during the period. NBT Bank N A NY's holdings in NIKE were worth $1,988,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its holdings 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 acquiring an additional 2,416,601 shares during the period. Capitolis Liquid Global Markets LLC boosted its stake in NIKE by 40.9% during the 4th quarter. Capitolis Liquid Global Markets LLC now owns 310,000 shares of the footwear maker's stock worth $23,458,000 after purchasing an additional 90,000 shares during the period. Janus Henderson Group PLC grew its position in NIKE by 8.3% during the 4th quarter. Janus Henderson Group PLC now owns 6,081,021 shares of the footwear maker's stock worth $460,160,000 after purchasing an additional 463,470 shares during the last quarter. Markel Group Inc. increased its stake in NIKE by 0.8% in the fourth quarter. Markel Group Inc. now owns 432,400 shares of the footwear maker's stock valued at $32,720,000 after purchasing an additional 3,500 shares during the period. Finally, Evergreen Capital Management LLC increased its stake in NIKE by 3.3% in the fourth quarter. Evergreen Capital Management LLC now owns 237,199 shares of the footwear maker's stock valued at $18,042,000 after purchasing an additional 7,536 shares during the period. Institutional investors and hedge funds own 64.25% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on NKE. Berenberg Bank began coverage on NIKE in a report on Tuesday, April 15th. They set a "hold" rating and a $58.00 price target on the stock. Morgan Stanley lowered their target price on NIKE from $70.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Barclays dropped their target price on NIKE from $70.00 to $60.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Robert W. Baird decreased their price target on NIKE from $105.00 to $99.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Finally, Needham & Company LLC lowered their price objective on shares of NIKE from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Seventeen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $79.93.

NIKE Price Performance

NIKE stock opened at $60.02 on Wednesday. The firm has a market capitalization of $88.77 billion, a PE ratio of 19.94, a P/E/G ratio of 2.14 and a beta of 1.21. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $98.04. The firm's 50-day simple moving average is $59.57 and its 200 day simple moving average is $68.42. The company has a quick ratio of 1.52, a current ratio of 2.19 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE - Get Free Report) last announced its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.26. The company had revenue of $11.27 billion during the quarter, compared to analysts' expectations of $11.02 billion. NIKE had a net margin of 9.43% and a return on equity of 32.18%. The firm's quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 earnings per share. On average, equities research analysts predict that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE's payout ratio is currently 53.16%.

Insider Buying and Selling at NIKE

In related news, Director Robert Holmes Swan acquired 8,600 shares of the company's stock in a transaction that occurred 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 transaction, the director now owns 31,983 shares in the company, valued at $1,869,726.18. This trade represents a 36.78% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by insiders.

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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