Peoples Bank KS Raises Stock Holdings in NIKE, Inc. (NYSE:NKE)

Peoples Bank KS raised its holdings in NIKE, Inc. (NYSE:NKE) by 43.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,020 shares of the footwear maker’s stock after purchasing an additional 2,130 shares during the period. Peoples Bank KS’s holdings in NIKE were worth $621,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Eagle Asset Management Inc. increased its position in shares of NIKE by 19.2% during the 4th quarter. Eagle Asset Management Inc. now owns 7,816 shares of the footwear maker’s stock valued at $849,000 after purchasing an additional 1,257 shares during the period. Belpointe Asset Management LLC raised its holdings in shares of NIKE by 35.6% in the 4th quarter. Belpointe Asset Management LLC now owns 3,254 shares of the footwear maker’s stock worth $353,000 after purchasing an additional 855 shares in the last quarter. Cetera Advisor Networks LLC lifted its stake in NIKE by 8.9% during the fourth quarter. Cetera Advisor Networks LLC now owns 111,481 shares of the footwear maker’s stock valued at $12,103,000 after purchasing an additional 9,131 shares during the last quarter. First National Bank of Omaha increased its holdings in shares of NIKE by 11.7% in the fourth quarter. First National Bank of Omaha now owns 46,752 shares of the footwear maker’s stock valued at $5,076,000 after buying an additional 4,889 shares in the last quarter. Finally, Vinva Investment Management Ltd bought a new stake in shares of NIKE during the 4th quarter worth $2,888,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NKE. Raymond James restated a “market perform” rating on shares of NIKE in a report on Friday, June 28th. Truist Financial lowered their price objective on shares of NIKE from $85.00 to $83.00 and set a “hold” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. decreased their target price on shares of NIKE from $80.00 to $77.00 and set a “neutral” rating for the company in a research note on Wednesday. Telsey Advisory Group dropped their target price on NIKE from $100.00 to $96.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Citigroup reduced their price target on NIKE from $115.00 to $102.00 and set a “buy” rating for the company in a report on Friday, June 28th. Fifteen analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $96.04.

Insider Transactions at NIKE

In related news, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $72.97, for a total value of $8,026,700.00. Following the transaction, the chairman now owns 1,102,090 shares of the company’s stock, valued at $80,419,507.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Mark G. Parker sold 110,000 shares of NIKE stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $72.97, for a total value of $8,026,700.00. Following the transaction, the chairman now owns 1,102,090 shares in the company, valued at approximately $80,419,507.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 52,487 shares of NIKE stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the completion of the transaction, the chairman now directly owns 1,031,226 shares in the company, valued at approximately $80,435,628. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

NIKE Stock Performance

NKE traded up $0.15 during trading on Friday, hitting $82.25. 10,318,603 shares of the company traded hands, compared to its average volume of 11,783,974. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.55. The firm has a market cap of $124.14 billion, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 2.30 and a beta of 1.02. NIKE, Inc. has a one year low of $70.75 and a one year high of $123.39. The stock’s fifty day moving average is $80.71 and its 200 day moving average is $86.36.

NIKE (NYSE:NKE) last released its quarterly earnings data on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.18. NIKE had a net margin of 11.10% and a return on equity of 42.63%. The business had revenue of $11.59 billion during the quarter, compared to analyst estimates of $11.64 billion. During the same period in the previous year, the business earned $0.94 EPS. NIKE’s revenue was down 10.4% compared to the same quarter last year. As a group, equities analysts predict that NIKE, Inc. will post 3.04 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.37 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.80%. NIKE’s dividend payout ratio (DPR) is presently 39.68%.

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.