Iowa State Bank Lowers Holdings in NIKE, Inc. (NYSE:NKE)

Iowa State Bank trimmed its holdings in NIKE, Inc. (NYSE:NKEFree Report) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,442 shares of the footwear maker’s stock after selling 231 shares during the quarter. Iowa State Bank’s holdings in NIKE were worth $1,134,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Regent Peak Wealth Advisors LLC boosted its holdings in NIKE by 13.1% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 4,292 shares of the footwear maker’s stock valued at $466,000 after purchasing an additional 497 shares during the last quarter. Stonegate Investment Group LLC boosted its holdings in NIKE by 3.7% in the fourth quarter. Stonegate Investment Group LLC now owns 12,454 shares of the footwear maker’s stock valued at $1,352,000 after purchasing an additional 446 shares during the last quarter. Cordant Inc. boosted its holdings in NIKE by 6.4% in the fourth quarter. Cordant Inc. now owns 2,678 shares of the footwear maker’s stock valued at $291,000 after purchasing an additional 160 shares during the last quarter. My Personal CFO LLC boosted its holdings in NIKE by 114.4% in the fourth quarter. My Personal CFO LLC now owns 12,067 shares of the footwear maker’s stock valued at $1,310,000 after purchasing an additional 6,438 shares during the last quarter. Finally, State of Michigan Retirement System boosted its holdings in NIKE by 0.3% in the fourth quarter. State of Michigan Retirement System now owns 387,915 shares of the footwear maker’s stock valued at $42,116,000 after purchasing an additional 1,000 shares during the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Stock Performance

Shares of NIKE stock traded down $1.61 on Tuesday, reaching $90.95. 11,090,032 shares of the stock were exchanged, compared to its average volume of 9,470,241. NIKE, Inc. has a 1-year low of $88.66 and a 1-year high of $128.68. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. The business has a fifty day moving average price of $101.06 and a two-hundred day moving average price of $103.61. The firm has a market capitalization of $138.42 billion, a PE ratio of 26.75, a PEG ratio of 1.76 and a beta of 1.09.

NIKE (NYSE:NKEGet Free Report) last issued its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The business had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. As a group, research analysts anticipate that NIKE, Inc. will post 3.71 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, March 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.63%. NIKE’s dividend payout ratio (DPR) is 43.53%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NKE shares. Oppenheimer lowered shares of NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 target price on the stock. in a research note on Friday, February 16th. Wells Fargo & Company lowered their target price on shares of NIKE from $125.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. JPMorgan Chase & Co. lowered their target price on shares of NIKE from $139.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, December 22nd. Wedbush reissued an “outperform” rating and set a $115.00 target price on shares of NIKE in a research note on Wednesday, March 27th. Finally, The Goldman Sachs Group lowered their target price on shares of NIKE from $135.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, NIKE presently has an average rating of “Moderate Buy” and an average target price of $116.52.

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About NIKE

(Free Report)

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.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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