Iowa State Bank Has $2.37 Million Holdings in NIKE, Inc. (NYSE:NKE)

Iowa State Bank boosted its position in NIKE, Inc. (NYSE:NKE) by 5.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,349 shares of the footwear maker’s stock after buying an additional 1,738 shares during the period. Iowa State Bank’s holdings in NIKE were worth $2,372,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Teachers Insurance & Annuity Association of America bought a new stake in NIKE in the third quarter valued at $30,000. VitalStone Financial LLC grew its stake in shares of NIKE by 52.6% in the 3rd quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock valued at $38,000 after buying an additional 150 shares during the period. Dunhill Financial LLC increased its position in NIKE by 52.2% in the 3rd quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock valued at $44,000 after buying an additional 169 shares in the last quarter. Riverview Trust Co acquired a new position in NIKE during the 3rd quarter worth approximately $52,000. Finally, Catalyst Capital Advisors LLC bought a new position in NIKE in the third quarter worth approximately $54,000. Institutional investors own 64.25% of the company’s stock.

Insiders Place Their Bets

In related news, Director John W. Rogers, Jr. bought 2,500 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The stock was bought at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the acquisition, the director now directly owns 34,403 shares of the company’s stock, valued at $2,636,989.95. The trade was a 7.84 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

NIKE Price Performance

NIKE stock traded down $0.83 during midday trading on Monday, reaching $72.48. 8,171,453 shares of the stock were exchanged, compared to its average volume of 9,499,059. NIKE, Inc. has a 52 week low of $70.75 and a 52 week high of $107.43. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 2.36. The firm has a market cap of $108.67 billion, a PE ratio of 20.77, a PEG ratio of 1.89 and a beta of 1.02. The company’s fifty day moving average is $76.91 and its 200-day moving average is $79.09.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.15. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The firm had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter in the prior year, the firm posted $1.03 earnings per share. The business’s quarterly revenue was down 7.7% on a year-over-year basis. On average, sell-side analysts forecast that NIKE, Inc. will post 2.72 EPS for the current year.

NIKE Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were issued a $0.40 dividend. This is a positive change from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.21%. NIKE’s dividend payout ratio is presently 49.38%.

Analyst Upgrades and Downgrades

NKE has been the topic of a number of recent research reports. Jefferies Financial Group increased their target price on NIKE from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Monday, September 30th. UBS Group reaffirmed a “neutral” rating and issued a $73.00 price objective on shares of NIKE in a research note on Thursday, December 26th. Guggenheim decreased their target price on shares of NIKE from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, October 2nd. Telsey Advisory Group cut shares of NIKE from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $93.00 to $80.00 in a research report on Friday, December 20th. Finally, Daiwa America downgraded NIKE from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Fifteen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.58.

NIKE 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.