Security National Bank of Sioux City Iowa IA grew its position in Nike, Inc. (NYSE:NKE) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,462 shares of the footwear maker’s stock after buying an additional 250 shares during the period. Nike accounts for approximately 2.5% of Security National Bank of Sioux City Iowa IA’s investment portfolio, making the stock its 5th largest position. Security National Bank of Sioux City Iowa IA’s holdings in Nike were worth $2,564,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Asset Planning Services Ltd. boosted its position in shares of Nike by 0.3% during the 2nd quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock worth $126,000 after purchasing an additional 7 shares during the period. Kistler Tiffany Companies LLC boosted its position in shares of Nike by 91.7% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock worth $149,000 after purchasing an additional 1,209 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Nike by 7.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,780 shares of the footwear maker’s stock worth $164,000 after purchasing an additional 201 shares during the period. Oakworth Capital Inc. boosted its position in shares of Nike by 14.3% during the 2nd quarter. Oakworth Capital Inc. now owns 2,994 shares of the footwear maker’s stock worth $177,000 after purchasing an additional 374 shares during the period. Finally, Seven Bridges Advisors LLC boosted its position in shares of Nike by 18.2% during the 2nd quarter. Seven Bridges Advisors LLC now owns 3,030 shares of the footwear maker’s stock worth $179,000 after purchasing an additional 467 shares during the period. 62.78% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on NKE shares. Vetr raised shares of Nike from a “buy” rating to a “strong-buy” rating and set a $57.97 price objective for the company in a research report on Wednesday, October 4th. Jefferies Group cut shares of Nike from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $75.00 to $60.00 in a research report on Monday, August 21st. Canaccord Genuity reaffirmed a “hold” rating and set a $50.00 price objective (down previously from $51.00) on shares of Nike in a research report on Wednesday, September 27th. Susquehanna Bancshares reaffirmed a “hold” rating and set a $47.00 price objective (down previously from $54.00) on shares of Nike in a research report on Wednesday, September 27th. Finally, Instinet reaffirmed a “buy” rating and set a $62.00 price objective (up previously from $59.00) on shares of Nike in a research report on Wednesday, September 27th. Three research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and nineteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $59.01.
Shares of Nike, Inc. (NKE) traded down $0.54 during trading hours on Monday, hitting $59.88. 10,113,600 shares of the stock traded hands, compared to its average volume of 9,598,477. The stock has a market capitalization of $97,695.23, a P/E ratio of 25.48, a price-to-earnings-growth ratio of 2.81 and a beta of 0.64. The company has a current ratio of 2.67, a quick ratio of 1.81 and a debt-to-equity ratio of 0.29. Nike, Inc. has a 1-year low of $50.11 and a 1-year high of $61.21.
Nike (NYSE:NKE) last issued its earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.09. The business had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $9.08 billion. Nike had a net margin of 11.47% and a return on equity of 31.88%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 earnings per share. sell-side analysts forecast that Nike, Inc. will post 2.28 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 4th will be issued a $0.20 dividend. This is an increase from Nike’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, December 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.34%. Nike’s payout ratio is presently 30.64%.
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Nike Company Profile
NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.
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