NIKE, Inc. $NKE Shares Acquired by Trust Co of Kansas

Trust Co of Kansas raised its holdings in shares of NIKE, Inc. (NYSE:NKE) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 70,917 shares of the footwear maker’s stock after acquiring an additional 631 shares during the quarter. NIKE makes up 2.4% of Trust Co of Kansas’ investment portfolio, making the stock its 20th biggest holding. Trust Co of Kansas’ holdings in NIKE were worth $5,038,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of NIKE by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 113,151,080 shares of the footwear maker’s stock valued at $7,182,831,000 after purchasing an additional 4,957,494 shares during the period. Wellington Management Group LLP boosted its position in shares of NIKE by 24.9% in the 1st quarter. Wellington Management Group LLP now owns 45,383,916 shares of the footwear maker’s stock valued at $2,880,971,000 after purchasing an additional 9,043,180 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of NIKE by 344.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 26,698,835 shares of the footwear maker’s stock valued at $1,694,842,000 after purchasing an additional 20,688,013 shares during the period. Bank of New York Mellon Corp boosted its position in shares of NIKE by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 20,988,207 shares of the footwear maker’s stock valued at $1,332,331,000 after purchasing an additional 620,214 shares during the period. Finally, Flossbach Von Storch SE raised its stake in NIKE by 24.0% during the 1st quarter. Flossbach Von Storch SE now owns 10,286,619 shares of the footwear maker’s stock valued at $652,995,000 after acquiring an additional 1,988,547 shares during the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NKE has been the subject of several analyst reports. HSBC raised NIKE from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Friday, June 27th. Stifel Nicolaus set a $68.00 price objective on NIKE and gave the company a “hold” rating in a research note on Wednesday. Barclays set a $70.00 price objective on NIKE and gave the company a “positive” rating in a research note on Wednesday. Robert W. Baird upped their price objective on NIKE from $80.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday, June 27th. Finally, Wall Street Zen raised NIKE from a “sell” rating to a “hold” rating in a research note on Saturday, September 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.57.

NIKE Stock Performance

NYSE NKE opened at $74.04 on Thursday. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $85.23. The company has a market capitalization of $109.35 billion, a P/E ratio of 37.97, a PEG ratio of 2.60 and a beta of 1.29. The business has a 50 day moving average price of $74.73 and a 200 day moving average price of $67.31. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50.

NIKE (NYSE:NKE) last released its quarterly earnings data on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.22. NIKE had a return on equity of 21.05% and a net margin of 6.23%.The firm had revenue of $11.72 billion during the quarter, compared to the consensus estimate of $10.96 billion. During the same period last year, the business posted $0.70 EPS. NIKE’s quarterly revenue was up 1.0% on a year-over-year basis. Sell-side analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Tuesday, September 2nd. NIKE’s dividend payout ratio is 74.07%.

Insider Buying and Selling

In other NIKE news, Chairman Mark G. Parker sold 86,078 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the sale, the chairman owned 744,988 shares in the company, valued at approximately $56,566,938.84. This represents a 10.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.80% of the company’s stock.

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.