NIKE, Inc. (NYSE:NKE) Position Cut by CoreFirst Bank & Trust

CoreFirst Bank & Trust decreased its position in NIKE, Inc. (NYSE:NKE) by 14.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,760 shares of the footwear maker’s stock after selling 963 shares during the period. CoreFirst Bank & Trust’s holdings in NIKE were worth $366,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in NIKE by 388.5% in the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock worth $15,316,000 after purchasing an additional 160,980 shares during the period. Bank Pictet & Cie Europe AG raised its position in shares of NIKE by 10.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 190,915 shares of the footwear maker’s stock worth $14,447,000 after buying an additional 17,888 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of NIKE by 16.0% in the 4th quarter. Victory Capital Management Inc. now owns 868,260 shares of the footwear maker’s stock worth $65,701,000 after acquiring an additional 119,874 shares during the period. Assetmark Inc. lifted its stake in shares of NIKE by 22.3% in the 4th quarter. Assetmark Inc. now owns 105,156 shares of the footwear maker’s stock worth $7,957,000 after acquiring an additional 19,151 shares during the period. Finally, Proficio Capital Partners LLC boosted its holdings in shares of NIKE by 6.4% in the fourth quarter. Proficio Capital Partners LLC now owns 21,634 shares of the footwear maker’s stock valued at $1,637,000 after acquiring an additional 1,299 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Telsey Advisory Group reissued a “market perform” rating and set a $70.00 target price on shares of NIKE in a report on Friday, June 27th. Barclays boosted their price objective on NIKE from $53.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Friday, June 27th. Berenberg Bank started coverage on shares of NIKE in a research report on Tuesday, April 15th. They issued a “hold” rating and a $58.00 price target on the stock. HSBC raised shares of NIKE from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a report on Friday, June 27th. Finally, Wall Street Zen downgraded shares of NIKE from a “hold” rating to a “sell” rating in a report on Friday, June 27th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $77.19.

NIKE Trading Down 0.1%

Shares of NYSE:NKE opened at $76.28 on Friday. The firm has a fifty day moving average of $62.36 and a two-hundred day moving average of $67.42. The company has a quick ratio of 1.50, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $90.62. The firm has a market capitalization of $112.83 billion, a P/E ratio of 35.31, a price-to-earnings-growth ratio of 2.77 and a beta of 1.25.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.69 billion. NIKE had a return on equity of 23.33% and a net margin of 6.95%. NIKE’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same period last year, the company earned $0.99 earnings per share. On average, equities analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Monday, June 2nd. NIKE’s dividend payout ratio (DPR) is presently 74.07%.

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.