Intrust Bank NA Buys 1,380 Shares of NIKE, Inc. (NYSE:NKE)

Intrust Bank NA lifted its stake in shares of NIKE, Inc. (NYSE:NKE) by 20.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,043 shares of the footwear maker’s stock after purchasing an additional 1,380 shares during the quarter. Intrust Bank NA’s holdings in NIKE were worth $873,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Kennon Green & Company LLC grew its stake in shares of NIKE by 1.6% in the fourth quarter. Kennon Green & Company LLC now owns 6,765 shares of the footwear maker’s stock worth $734,000 after purchasing an additional 107 shares during the last quarter. Naviter Wealth LLC increased its position in NIKE by 25.3% during the 4th quarter. Naviter Wealth LLC now owns 11,963 shares of the footwear maker’s stock valued at $1,303,000 after purchasing an additional 2,413 shares during the period. Investment House LLC boosted its stake in shares of NIKE by 4.1% in the 4th quarter. Investment House LLC now owns 74,387 shares of the footwear maker’s stock valued at $8,076,000 after purchasing an additional 2,900 shares during the last quarter. Choreo LLC increased its position in shares of NIKE by 85.8% during the fourth quarter. Choreo LLC now owns 15,072 shares of the footwear maker’s stock worth $1,640,000 after buying an additional 6,962 shares during the period. Finally, Montag & Caldwell LLC boosted its position in NIKE by 8.7% during the fourth quarter. Montag & Caldwell LLC now owns 93,578 shares of the footwear maker’s stock valued at $10,160,000 after acquiring an additional 7,486 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. HSBC cut their target price on NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, January 22nd. Robert W. Baird reduced their target price on NIKE from $140.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $100.00 target price (down from $110.00) on shares of NIKE in a research report on Friday, March 22nd. The Goldman Sachs Group decreased their price target on shares of NIKE from $135.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Finally, Citigroup decreased their target price on shares of NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, NIKE presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.26.

NIKE Trading Down 0.8 %

Shares of NYSE:NKE traded down $0.73 on Tuesday, hitting $93.33. The company had a trading volume of 788,533 shares, compared to its average volume of 9,269,056. The firm’s 50-day simple moving average is $96.78 and its two-hundred day simple moving average is $103.33. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $140.87 billion, a price-to-earnings ratio of 27.67, a P/E/G ratio of 1.82 and a beta of 1.09. NIKE, Inc. has a 1 year low of $88.66 and a 1 year high of $128.68.

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

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were given a dividend of $0.37 per share. The ex-dividend date was Friday, March 1st. This represents a $1.48 annualized dividend and a dividend yield of 1.59%. NIKE’s dividend payout ratio (DPR) is presently 43.53%.

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.