NIKE, Inc. (NYSE:NKE) Shares Acquired by Iyo Bank Ltd.

Iyo Bank Ltd. boosted its stake in shares of NIKE, Inc. (NYSE:NKE) by 42.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,370 shares of the footwear maker’s stock after purchasing an additional 12,890 shares during the quarter. NIKE makes up approximately 1.6% of Iyo Bank Ltd.’s holdings, making the stock its 20th largest position. Iyo Bank Ltd.’s holdings in NIKE were worth $4,076,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Piscataqua Savings Bank increased its stake in NIKE by 2.1% in the 4th quarter. Piscataqua Savings Bank now owns 4,861 shares of the footwear maker’s stock valued at $528,000 after buying an additional 100 shares during the last quarter. Physicians Financial Services Inc. increased its holdings in shares of NIKE by 0.6% during the 4th quarter. Physicians Financial Services Inc. now owns 16,077 shares of the footwear maker’s stock worth $1,745,000 after acquiring an additional 100 shares during the last quarter. ZWJ Investment Counsel Inc. boosted its position in NIKE by 4.0% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 2,599 shares of the footwear maker’s stock worth $282,000 after purchasing an additional 100 shares during the period. Kornitzer Capital Management Inc. KS raised its position in shares of NIKE by 0.4% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 25,568 shares of the footwear maker’s stock valued at $2,776,000 after purchasing an additional 100 shares during the period. Finally, Claro Advisors LLC boosted its holdings in shares of NIKE by 0.8% during the 4th quarter. Claro Advisors LLC now owns 12,227 shares of the footwear maker’s stock worth $1,327,000 after buying an additional 101 shares during the period. 64.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NKE has been the topic of a number of recent research reports. KeyCorp reiterated a “sector weight” rating on shares of NIKE in a research note on Friday, June 28th. Telsey Advisory Group decreased their target price on shares of NIKE from $115.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, June 28th. The Goldman Sachs Group dropped their price target on shares of NIKE from $118.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, June 28th. Royal Bank of Canada reduced their price target on NIKE from $100.00 to $75.00 and set a “sector perform” rating on the stock in a research report on Tuesday. Finally, Raymond James reaffirmed a “market perform” rating on shares of NIKE in a report on Friday, June 28th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $97.19.

NIKE Trading Down 1.1 %

Shares of NYSE:NKE traded down $0.80 during mid-day trading on Wednesday, reaching $75.24. 15,765,236 shares of the company’s stock were exchanged, compared to its average volume of 10,739,085. The firm has a market capitalization of $113.56 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 1.43 and a beta of 1.01. NIKE, Inc. has a twelve month low of $74.29 and a twelve month high of $123.39. The business’s fifty day moving average price is $92.58 and its 200-day moving average price is $98.22. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.69 and a current ratio of 2.40.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, June 27th. The footwear maker reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.16. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The company had revenue of $12.60 billion during the quarter, compared to analysts’ expectations of $12.86 billion. During the same quarter in the prior year, the firm posted $0.66 earnings per share. The business’s quarterly revenue was down 1.6% on a year-over-year basis. On average, research analysts predict that NIKE, Inc. will post 3.47 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 3rd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Monday, June 3rd. NIKE’s dividend payout ratio (DPR) is presently 39.68%.

Insider Buying and Selling

In other NIKE news, Director Robert Holmes Swan purchased 2,941 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was purchased at an average cost of $77.02 per share, for a total transaction of $226,515.82. Following the acquisition, the director now owns 20,946 shares in the company, valued at approximately $1,613,260.92. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In other NIKE news, VP Johanna Nielsen sold 282 shares of NIKE stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $93.64, for a total value of $26,406.48. Following the completion of the sale, the vice president now directly owns 730 shares of the company’s stock, valued at $68,357.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert Holmes Swan acquired 2,941 shares of the business’s stock in a transaction dated Friday, June 28th. The shares were bought at an average cost of $77.02 per share, for a total transaction of $226,515.82. Following the transaction, the director now directly owns 20,946 shares in the company, valued at $1,613,260.92. The disclosure for this purchase can be found here. Insiders sold 213,660 shares of company stock valued at $19,946,333 over the last quarter. Insiders own 0.50% of the company’s stock.

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.