Security National Bank of Sioux City Iowa IA Buys 5,031 Shares of NIKE, Inc. $NKE

Key Points

• Security National Bank of Sioux City Iowa IA has increased its stake in NIKE, Inc. by 20.0%, acquiring an additional 5,031 shares in the first quarter.
• NIKE's Chairman, Mark G. Parker, recently sold 86,078 shares of company stock for approximately $6.5 million, reducing his ownership by 10.36%.
• Equities analysts have mixed sentiments about NIKE, with price targets ranging from $60.00 to $115.00, and a consensus rating of "Moderate Buy."

Security National Bank of Sioux City Iowa IA raised its position in NIKE, Inc. (NYSE:NKE - Free Report) by 20.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,224 shares of the footwear maker's stock after acquiring an additional 5,031 shares during the period. NIKE makes up approximately 1.4% of Security National Bank of Sioux City Iowa IA's holdings, making the stock its 25th biggest holding. Security National Bank of Sioux City Iowa IA's holdings in NIKE were worth $1,919,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of NKE. Stone House Investment Management LLC acquired a new position in NIKE in the 1st quarter worth approximately $25,000. Heck Capital Advisors LLC acquired a new stake in shares of NIKE during the 4th quarter valued at about $28,000. Saudi Central Bank purchased a new stake in shares of NIKE in the first quarter valued at approximately $30,000. Roxbury Financial LLC raised its position in NIKE by 52.1% during the first quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker's stock worth $37,000 after acquiring an additional 201 shares during the period. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of NIKE during the 1st quarter worth about $37,000. Institutional investors and hedge funds own 64.25% of the company's stock.

Insider Activity at NIKE

In other news, Chairman Mark G. Parker sold 86,078 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $75.93, for a total value of $6,535,902.54. Following the completion of the transaction, the chairman owned 744,988 shares of the company's stock, valued at $56,566,938.84. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on NKE shares. Jefferies Financial Group restated a "buy" rating and set a $115.00 price target on shares of NIKE in a research report on Friday, August 22nd. Wall Street Zen upgraded shares of NIKE from a "sell" rating to a "hold" rating in a report on Saturday. UBS Group initiated coverage on shares of NIKE in a research report on Sunday, July 6th. They set a "buy" rating on the stock. The Goldman Sachs Group boosted their target price on NIKE from $72.00 to $81.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Finally, Wells Fargo & Company raised their price objective on shares of NIKE from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $78.22.

NIKE Trading Down 0.7%

NYSE:NKE opened at $73.60 on Wednesday. The stock has a fifty day simple moving average of $75.54 and a 200-day simple moving average of $67.87. The company has a market capitalization of $108.70 billion, a PE ratio of 34.07, a price-to-earnings-growth ratio of 2.69 and a beta of 1.24. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $90.62. The company has a quick ratio of 1.50, a current ratio of 2.21 and a debt-to-equity ratio of 0.60.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.69 billion. NIKE had a return on equity of 23.33% and a net margin of 6.95%.The company's quarterly revenue was down 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 EPS. On average, equities research analysts expect 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 Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 2nd. NIKE's dividend payout ratio (DPR) is currently 74.07%.

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.

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