BankPlus Trust Department Purchases New Stake in NIKE, Inc. (NYSE:NKE)

BankPlus Trust Department acquired a new position in shares of NIKE, Inc. (NYSE:NKE) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 451 shares of the footwear maker’s stock, valued at approximately $34,000.

Other hedge funds have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new position in NIKE during the fourth quarter valued at approximately $28,000. Caitlin John LLC lifted its position in shares of NIKE by 117.0% during the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after buying an additional 200 shares during the last quarter. Teachers Insurance & Annuity Association of America bought a new stake in shares of NIKE during the 3rd quarter worth $30,000. Roxbury Financial LLC acquired a new stake in NIKE in the fourth quarter valued at about $30,000. Finally, Bank of Jackson Hole Trust bought a new position in NIKE in the fourth quarter valued at about $43,000. 64.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NKE has been the subject of a number of research reports. Citigroup cut shares of NIKE from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $102.00 to $72.00 in a report on Friday, February 7th. Telsey Advisory Group reissued a “market perform” rating and set a $80.00 price objective on shares of NIKE in a report on Wednesday, February 19th. Royal Bank of Canada decreased their price target on shares of NIKE from $82.00 to $80.00 and set a “sector perform” rating for the company in a research report on Thursday, November 7th. Barclays cut their price objective on NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Finally, Robert W. Baird lowered their target price on NIKE from $110.00 to $105.00 and set an “outperform” rating for the company in a report on Monday, December 23rd. Fourteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $89.77.

Insiders Place Their Bets

In other NIKE news, Director John W. Rogers, Jr. acquired 2,500 shares of the company’s stock in a transaction on Friday, December 27th. The shares were acquired at an average cost of $76.65 per share, with a total value of $191,625.00. Following the completion of the acquisition, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of NIKE stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the completion of the transaction, the chairman now owns 896,632 shares of the company’s stock, valued at $65,301,708.56. The trade was a 15.92 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

NIKE Trading Up 2.0 %

NYSE NKE opened at $81.91 on Wednesday. The business’s fifty day moving average is $74.45 and its 200-day moving average is $78.26. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The stock has a market capitalization of $121.15 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 2.52 and a beta of 1.01. NIKE, Inc. has a one year low of $68.62 and a one year high of $106.10.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping the consensus estimate of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. During the same quarter in the previous year, the firm posted $1.03 earnings per share. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. Equities research analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.95%. The ex-dividend date is Monday, March 3rd. NIKE’s dividend payout ratio (DPR) is 49.38%.

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.