NIKE, Inc. (NYSE:NKE) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co decreased its position in shares of NIKE, Inc. (NYSE:NKE) by 2.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,471 shares of the footwear maker’s stock after selling 856 shares during the period. CENTRAL TRUST Co’s holdings in NIKE were worth $1,807,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new position in NIKE during the 4th quarter worth about $28,000. LFA Lugano Financial Advisors SA lifted its stake in NIKE by 110.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock worth $30,000 after acquiring an additional 210 shares in the last quarter. Hopwood Financial Services Inc. acquired a new stake in NIKE in the 4th quarter valued at about $30,000. EnRich Financial Partners LLC raised its position in NIKE by 196.4% in the 4th quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker’s stock valued at $31,000 after purchasing an additional 273 shares in the last quarter. Finally, BankPlus Trust Department acquired a new stake in NIKE in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Buying and Selling at NIKE

In other news, Director Robert Holmes Swan purchased 8,600 shares of the firm’s stock in a transaction on Friday, April 4th. The stock was purchased at an average cost of $58.46 per share, with a total value of $502,756.00. Following the purchase, the director now owns 31,983 shares in the company, valued at $1,869,726.18. This trade represents a 36.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Bank of America reduced their price target on NIKE from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. UBS Group dropped their price objective on NIKE from $73.00 to $66.00 and set a “neutral” rating on the stock in a report on Friday, March 21st. BMO Capital Markets dropped their price objective on NIKE from $95.00 to $92.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. The Goldman Sachs Group dropped their price objective on NIKE from $88.00 to $72.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Finally, Dbs Bank upgraded NIKE from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Seventeen 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.93.

NIKE Stock Performance

Shares of NKE stock opened at $60.02 on Wednesday. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $98.04. The firm has a market capitalization of $88.77 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 2.14 and a beta of 1.21. The business has a 50 day simple moving average of $59.57 and a 200 day simple moving average of $68.42. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.19 and a quick ratio of 1.52.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.26. NIKE had a return on equity of 32.18% and a net margin of 9.43%. The business had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same period in the prior year, the company posted $0.98 EPS. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. On average, equities research analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE’s payout ratio is currently 53.16%.

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.