First American Trust FSB Purchases 25,085 Shares of NIKE, Inc. (NYSE:NKE)

First American Trust FSB increased its position in NIKE, Inc. (NYSE:NKE - Free Report) by 42.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 84,806 shares of the footwear maker's stock after purchasing an additional 25,085 shares during the quarter. NIKE makes up 1.1% of First American Trust FSB's portfolio, making the stock its 23rd largest holding. First American Trust FSB's holdings in NIKE were worth $9,207,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vestcor Inc increased its holdings in NIKE by 0.3% in the fourth quarter. Vestcor Inc now owns 29,977 shares of the footwear maker's stock worth $3,508,000 after purchasing an additional 81 shares in the last quarter. Excalibur Management Corp increased its holdings in NIKE by 1.9% in the third quarter. Excalibur Management Corp now owns 5,148 shares of the footwear maker's stock worth $492,000 after purchasing an additional 98 shares in the last quarter. M Holdings Securities Inc. grew its stake in NIKE by 2.7% in the first quarter. M Holdings Securities Inc. now owns 3,775 shares of the footwear maker's stock valued at $463,000 after acquiring an additional 100 shares during the period. Bond & Devick Financial Network Inc. grew its stake in NIKE by 1.3% in the third quarter. Bond & Devick Financial Network Inc. now owns 7,540 shares of the footwear maker's stock valued at $721,000 after acquiring an additional 100 shares during the period. Finally, Baxter Bros Inc. grew its stake in NIKE by 2.0% in the third quarter. Baxter Bros Inc. now owns 5,045 shares of the footwear maker's stock valued at $482,000 after acquiring an additional 100 shares during the period. 64.25% of the stock is owned by institutional investors.

NIKE Stock Performance

Shares of NKE traded up $1.11 during mid-day trading on Monday, hitting $93.11. The stock had a trading volume of 11,594,945 shares, compared to its average volume of 9,565,894. The firm has a market cap of $140.54 billion, a P/E ratio of 27.06, a PEG ratio of 1.79 and a beta of 1.09. The business has a fifty day moving average price of $98.96 and a 200-day moving average price of $103.47. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. NIKE, Inc. has a 52 week low of $88.66 and a 52 week high of $128.68.

NIKE (NYSE:NKE - Get Free Report) last issued its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.29. The firm had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. On average, equities research analysts expect that NIKE, Inc. will post 3.7 EPS for the current year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, March 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.59%. NIKE's payout ratio is 43.53%.

Analyst Ratings Changes

NKE has been the subject of a number of research reports. Telsey Advisory Group reduced their price objective on NIKE from $140.00 to $120.00 and set an "outperform" rating for the company in a research note on Monday, March 18th. TD Cowen reissued a "market perform" rating and issued a $104.00 price objective (down previously from $129.00) on shares of NIKE in a research note on Friday, December 22nd. TheStreet cut NIKE from a "b" rating to a "c+" rating in a research note on Tuesday, January 9th. Wells Fargo & Company reduced their price objective on NIKE from $125.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, March 22nd. Finally, Sanford C. Bernstein cut their target price on NIKE from $134.00 to $120.00 and set an "outperform" rating on the stock in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $116.26.

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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