Security National Bank Increases Position in NIKE, Inc. (NYSE:NKE)

Security National Bank increased its stake in NIKE, Inc. (NYSE:NKE) by 3.2% in the third quarter, HoldingsChannel.com reports. The firm owned 63,692 shares of the footwear maker’s stock after acquiring an additional 1,990 shares during the quarter. NIKE accounts for 2.3% of Security National Bank’s portfolio, making the stock its 11th largest position. Security National Bank’s holdings in NIKE were worth $9,250,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FFT Wealth Management LLC purchased a new position in shares of NIKE in the 2nd quarter valued at about $26,000. Okabena Investment Services Inc. purchased a new position in NIKE during the 2nd quarter valued at about $38,000. Princeton Global Asset Management LLC increased its holdings in NIKE by 39.8% during the 2nd quarter. Princeton Global Asset Management LLC now owns 246 shares of the footwear maker’s stock valued at $38,000 after acquiring an additional 70 shares in the last quarter. Rockbridge Investment Management LCC increased its holdings in NIKE by 43.9% during the 2nd quarter. Rockbridge Investment Management LCC now owns 246 shares of the footwear maker’s stock valued at $38,000 after acquiring an additional 75 shares in the last quarter. Finally, Financial Insights Inc. purchased a new position in NIKE during the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 64.38% of the company’s stock.

NYSE NKE traded down $0.12 during mid-day trading on Thursday, hitting $172.03. The company’s stock had a trading volume of 4,637,831 shares, compared to its average volume of 6,407,635. NIKE, Inc. has a 52-week low of $125.44 and a 52-week high of $179.10. The stock’s fifty day simple moving average is $161.13 and its two-hundred day simple moving average is $155.92. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.19 and a quick ratio of 2.38. The firm has a market capitalization of $272.29 billion, a P/E ratio of 45.63, a price-to-earnings-growth ratio of 3.22 and a beta of 0.93.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Wednesday, September 22nd. The footwear maker reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.04. NIKE had a net margin of 13.17% and a return on equity of 48.98%. The firm had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.47 billion. During the same quarter last year, the firm posted $0.95 earnings per share. NIKE’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, equities analysts forecast that NIKE, Inc. will post 3.56 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 28th. Investors of record on Monday, December 6th will be issued a $0.305 dividend. This is a positive change from NIKE’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, December 3rd. This represents a $1.22 annualized dividend and a yield of 0.71%. NIKE’s dividend payout ratio (DPR) is presently 29.18%.

NKE has been the subject of several recent research reports. JPMorgan Chase & Co. set a $192.00 target price on shares of NIKE in a report on Friday, September 24th. Jefferies Financial Group set a $200.00 target price on shares of NIKE and gave the company a “buy” rating in a report on Friday, September 24th. UBS Group restated a “buy” rating and set a $185.00 target price on shares of NIKE in a report on Friday, September 24th. Stifel Nicolaus restated a “buy” rating and set a $213.00 target price on shares of NIKE in a report on Friday, September 17th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $175.00 price target on shares of NIKE in a research note on Tuesday, September 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NIKE currently has a consensus rating of “Buy” and an average target price of $174.94.

In other news, Chairman Mark G. Parker sold 100,000 shares of NIKE stock in a transaction that occurred on Wednesday, October 13th. The shares were sold at an average price of $154.99, for a total transaction of $15,499,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Hilary K. Krane sold 10,750 shares of NIKE stock in a transaction that occurred on Monday, November 15th. The shares were sold at an average price of $169.70, for a total transaction of $1,824,275.00. The disclosure for this sale can be found here. Insiders sold 247,589 shares of company stock worth $40,048,835 in the last 90 days. 3.70% of the stock is currently owned by insiders.

NIKE Profile

NIKE, Inc engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America; Europe, Middle East & Africa; Greater China; Asia Pacific & Latin America; Global Brand Divisions; Converse; and Corporate.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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