Citizens & Northern Corp Has $1.17 Million Position in NIKE, Inc. $NKE

Citizens & Northern Corp decreased its holdings in NIKE, Inc. (NYSE:NKE) by 4.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 16,410 shares of the footwear maker’s stock after selling 780 shares during the period. Citizens & Northern Corp’s holdings in NIKE were worth $1,166,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of NKE. Vanguard Group Inc. grew its holdings in shares of NIKE by 4.6% during the first quarter. Vanguard Group Inc. now owns 113,151,080 shares of the footwear maker’s stock worth $7,182,831,000 after purchasing an additional 4,957,494 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of NIKE by 24.9% in the first quarter. Wellington Management Group LLP now owns 45,383,916 shares of the footwear maker’s stock worth $2,880,971,000 after purchasing an additional 9,043,180 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in NIKE by 344.2% in the first quarter. Goldman Sachs Group Inc. now owns 26,698,835 shares of the footwear maker’s stock valued at $1,694,842,000 after purchasing an additional 20,688,013 shares during the period. Bank of New York Mellon Corp lifted its holdings in NIKE by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 20,988,207 shares of the footwear maker’s stock worth $1,332,331,000 after buying an additional 620,214 shares during the period. Finally, Flossbach Von Storch SE grew its position in shares of NIKE by 24.0% in the 1st quarter. Flossbach Von Storch SE now owns 10,286,619 shares of the footwear maker’s stock valued at $652,995,000 after buying an additional 1,988,547 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Mark G. Parker sold 86,078 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the sale, the chairman directly owned 744,988 shares in the company, valued at approximately $56,566,938.84. The trade was a 10.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Treasure Heinle sold 4,300 shares of the firm’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $71.27, for a total value of $306,461.00. Following the completion of the transaction, the executive vice president owned 29,396 shares of the company’s stock, valued at approximately $2,095,052.92. This represents a 12.76% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

NIKE Price Performance

NKE stock opened at $68.39 on Wednesday. The company has a market capitalization of $101.09 billion, a P/E ratio of 35.07, a price-to-earnings-growth ratio of 2.49 and a beta of 1.29. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.19. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $82.44. The business has a 50-day simple moving average of $72.84 and a two-hundred day simple moving average of $67.56.

NIKE (NYSE:NKE) last posted its earnings results on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, topping the consensus estimate of $0.27 by $0.22. The firm had revenue of $11.72 billion for the quarter, compared to analysts’ expectations of $10.96 billion. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.70 EPS. Research analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, September 2nd. NIKE’s dividend payout ratio (DPR) is currently 82.05%.

Analyst Ratings Changes

A number of research firms recently commented on NKE. Weiss Ratings raised NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. The Goldman Sachs Group set a $85.00 price target on shares of NIKE and gave the stock a “buy” rating in a research report on Thursday, September 25th. KeyCorp set a $90.00 price objective on shares of NIKE and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Jefferies Financial Group restated a “buy” rating and issued a $115.00 target price on shares of NIKE in a report on Monday, September 29th. Finally, Morgan Stanley set a $72.00 price objective on NIKE and gave the stock a “positive” rating in a research report on Wednesday, October 1st. Three analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, NIKE currently has an average rating of “Moderate Buy” and an average target price of $82.21.

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.