Parkside Financial Bank & Trust Grows Stock Holdings in NIKE, Inc. (NYSE:NKE)

Parkside Financial Bank & Trust raised its stake in NIKE, Inc. (NYSE:NKE) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,395 shares of the footwear maker’s stock after purchasing an additional 299 shares during the quarter. Parkside Financial Bank & Trust’s holdings in NIKE were worth $911,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Iron Horse Wealth Management LLC boosted its position in NIKE by 120.7% in the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after buying an additional 140 shares during the last quarter. Impact Partnership Wealth LLC raised its stake in NIKE by 220.7% during the third quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock worth $25,000 after acquiring an additional 181 shares during the period. Planned Solutions Inc. acquired a new stake in NIKE during the fourth quarter worth about $29,000. Raleigh Capital Management Inc. raised its stake in NIKE by 134.2% during the third quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock worth $36,000 after acquiring an additional 216 shares during the period. Finally, Stephens Consulting LLC grew its position in NIKE by 160.0% in the 3rd quarter. Stephens Consulting LLC now owns 390 shares of the footwear maker’s stock worth $37,000 after purchasing an additional 240 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Trading Up 0.3 %

NYSE NKE traded up $0.24 on Tuesday, hitting $94.43. The company’s stock had a trading volume of 4,158,199 shares, compared to its average volume of 9,529,676. NIKE, Inc. has a 52-week low of $88.66 and a 52-week high of $128.68. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. The company’s 50-day simple moving average is $97.85 and its 200 day simple moving average is $103.46. The firm has a market cap of $142.53 billion, a P/E ratio of 27.84, a PEG ratio of 1.82 and a beta of 1.09.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The business had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.28 billion. Research analysts predict that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.57%. The ex-dividend date was Friday, March 1st. NIKE’s dividend payout ratio (DPR) is currently 43.53%.

Wall Street Analysts Forecast Growth

NKE has been the subject of a number of research reports. Citigroup reduced their target price on shares of NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, March 14th. UBS Group cut their target price on shares of NIKE from $138.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Williams Trading restated a “sell” rating and set a $85.00 price target (down previously from $92.00) on shares of NIKE in a report on Monday, March 18th. Evercore ISI cut their price target on shares of NIKE from $127.00 to $117.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Finally, TheStreet lowered shares of NIKE from a “b” rating to a “c+” rating in a research report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.26.

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.