WoodTrust Financial Corp Buys 20,688 Shares of NIKE, Inc. (NYSE:NKE)

WoodTrust Financial Corp increased its position in NIKE, Inc. (NYSE:NKE - Free Report) by 22.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 111,179 shares of the footwear maker's stock after purchasing an additional 20,688 shares during the quarter. WoodTrust Financial Corp's holdings in NIKE were worth $7,058,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP grew its stake in shares of NIKE by 32.4% in the 4th quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker's stock worth $2,749,903,000 after buying an additional 8,898,591 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of NIKE by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 25,376,558 shares of the footwear maker's stock worth $1,915,110,000 after acquiring an additional 347,178 shares during the last quarter. Capital World Investors grew its stake in shares of NIKE by 10.3% in the fourth quarter. Capital World Investors now owns 24,545,937 shares of the footwear maker's stock worth $1,857,389,000 after acquiring an additional 2,288,627 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of NIKE by 18.1% during the fourth quarter. Bank of New York Mellon Corp now owns 20,367,993 shares of the footwear maker's stock valued at $1,541,246,000 after acquiring an additional 3,121,929 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of NIKE in the 4th quarter worth about $1,126,288,000. 64.25% of the stock is currently owned by institutional investors.

NIKE Stock Performance

NYSE:NKE traded down $0.58 during mid-day trading on Wednesday, hitting $60.84. 12,144,584 shares of the company traded hands, compared to its average volume of 15,293,621. The company has a quick ratio of 1.52, a current ratio of 2.19 and a debt-to-equity ratio of 0.57. The stock's fifty day moving average price is $60.02 and its 200-day moving average price is $67.78. The firm has a market cap of $89.99 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 2.16 and a beta of 1.21. NIKE, Inc. has a one year low of $52.28 and a one year high of $97.64.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.63%. NIKE's dividend payout ratio (DPR) is presently 53.16%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Dbs Bank raised shares of NIKE from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Robert W. Baird cut their price target on shares of NIKE from $105.00 to $99.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Citigroup reduced their price target on shares of NIKE from $72.00 to $57.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. BMO Capital Markets lowered their price objective on NIKE from $95.00 to $92.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Finally, Royal Bank Of Canada cut their target price 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. Sixteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, NIKE currently has an average rating of "Moderate Buy" and an average target price of $77.59.

Insider Buying and Selling

In other news, Director Robert Holmes Swan bought 8,600 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the purchase, the director now owns 31,983 shares in the company, valued at $1,869,726.18. This represents a 36.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 1.10% of the stock is currently owned by insiders.

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.