NIKE, Inc. (NYSE:NKE) Position Raised by Bath Savings Trust Co

Bath Savings Trust Co lifted its stake in NIKE, Inc. (NYSE:NKE) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,959 shares of the footwear maker’s stock after buying an additional 1,397 shares during the period. NIKE makes up 2.8% of Bath Savings Trust Co’s investment portfolio, making the stock its 8th largest holding. Bath Savings Trust Co’s holdings in NIKE were worth $23,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of NKE. Meiji Yasuda Life Insurance Co raised its stake in shares of NIKE by 0.3% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 29,026 shares of the footwear maker’s stock worth $3,396,000 after purchasing an additional 80 shares in the last quarter. Vestcor Inc raised its stake in NIKE by 0.3% in the 4th quarter. Vestcor Inc now owns 29,977 shares of the footwear maker’s stock valued at $3,508,000 after acquiring an additional 81 shares during the period. CWS Financial Advisors LLC raised its stake in NIKE by 2.9% in the 1st quarter. CWS Financial Advisors LLC now owns 2,896 shares of the footwear maker’s stock valued at $355,000 after acquiring an additional 82 shares during the period. Essex Savings Bank raised its stake in NIKE by 1.2% in the 1st quarter. Essex Savings Bank now owns 6,940 shares of the footwear maker’s stock valued at $851,000 after acquiring an additional 83 shares during the period. Finally, West Family Investments Inc. raised its stake in NIKE by 2.9% in the 1st quarter. West Family Investments Inc. now owns 3,029 shares of the footwear maker’s stock valued at $371,000 after acquiring an additional 84 shares during the period. 63.42% of the stock is owned by hedge funds and other institutional investors.

NIKE Stock Down 0.9 %

NIKE stock traded down $0.85 during mid-day trading on Monday, reaching $95.41. The stock had a trading volume of 3,413,853 shares, compared to its average volume of 6,911,102. The firm has a market capitalization of $145.97 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 1.72 and a beta of 1.12. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.81 and a current ratio of 2.72. NIKE, Inc. has a fifty-two week low of $82.22 and a fifty-two week high of $131.31. The stock’s 50-day simple moving average is $104.70 and its 200-day simple moving average is $112.67.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, June 29th. The footwear maker reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.02). The company had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.58 billion. NIKE had a net margin of 9.90% and a return on equity of 34.01%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.90 EPS. On average, sell-side analysts forecast that NIKE, Inc. will post 3.71 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Tuesday, September 5th will be issued a dividend of $0.34 per share. The ex-dividend date is Friday, September 1st. This represents a $1.36 dividend on an annualized basis and a yield of 1.43%. NIKE’s dividend payout ratio (DPR) is currently 42.11%.

Insider Buying and Selling

In related news, VP Johanna Nielsen sold 1,706 shares of NIKE stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $107.00, for a total transaction of $182,542.00. Following the sale, the vice president now directly owns 954 shares in the company, valued at $102,078. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other NIKE news, EVP Monique S. Matheson sold 40,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $108.59, for a total value of $4,343,600.00. Following the sale, the executive vice president now directly owns 44,736 shares in the company, valued at $4,857,882.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Johanna Nielsen sold 1,706 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $107.00, for a total value of $182,542.00. Following the completion of the sale, the vice president now owns 954 shares in the company, valued at $102,078. The disclosure for this sale can be found here. Over the last three months, insiders have sold 157,251 shares of company stock worth $17,063,257. 0.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

NKE has been the topic of a number of research analyst reports. Citigroup dropped their price target on NIKE from $125.00 to $109.00 in a research note on Tuesday, June 13th. UBS Group upped their price objective on NIKE from $145.00 to $150.00 in a report on Friday, June 30th. Deutsche Bank Aktiengesellschaft decreased their price objective on NIKE from $133.00 to $126.00 in a report on Friday, June 23rd. HSBC decreased their price objective on NIKE from $120.00 to $112.00 and set a “hold” rating on the stock in a report on Monday. Finally, Barclays reduced their target price on NIKE from $127.00 to $124.00 in a report on Friday, June 30th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $129.07.

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.