WoodTrust Financial Corp Has $9.11 Million Stake in NIKE, Inc. $NKE

WoodTrust Financial Corp raised its stake in shares of NIKE, Inc. (NYSE:NKE) by 15.3% in the 2nd quarter, Holdings Channel reports. The firm owned 128,220 shares of the footwear maker’s stock after purchasing an additional 17,041 shares during the quarter. NIKE accounts for 1.0% of WoodTrust Financial Corp’s investment portfolio, making the stock its 25th largest holding. WoodTrust Financial Corp’s holdings in NIKE were worth $9,109,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of NKE. Stone House Investment Management LLC bought a new stake in NIKE in the 1st quarter valued at about $25,000. Mascoma Wealth Management LLC acquired a new position in NIKE during the 2nd quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC boosted its stake in shares of NIKE by 952.6% in the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock worth $28,000 after buying an additional 362 shares during the last quarter. Saudi Central Bank purchased a new position in shares of NIKE in the 1st quarter worth approximately $30,000. Finally, Matrix Trust Co boosted its stake in shares of NIKE by 53.1% in the 2nd quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock worth $31,000 after buying an additional 153 shares during the last quarter. 64.25% of the stock is owned by institutional investors.

Insider Transactions at NIKE

In related news, Chairman Mark G. Parker sold 86,078 shares of NIKE stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the completion of the transaction, the chairman directly owned 744,988 shares of the company’s stock, valued at approximately $56,566,938.84. The trade was a 10.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Treasure Heinle sold 4,300 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $71.27, for a total transaction of $306,461.00. Following the completion of the transaction, the executive vice president owned 29,396 shares in the company, valued at $2,095,052.92. This represents a 12.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 200,378 shares of company stock worth $14,794,264. Insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NKE shares. Robert W. Baird upped their price objective on NIKE from $80.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday, June 27th. Truist Financial reaffirmed a “buy” rating and issued a $85.00 price target on shares of NIKE in a report on Wednesday, October 1st. Argus upgraded shares of NIKE to a “buy” rating in a research report on Sunday, July 6th. The Goldman Sachs Group set a $85.00 price target on shares of NIKE and gave the company a “buy” rating in a research report on Thursday, September 25th. Finally, Royal Bank Of Canada upgraded shares of NIKE from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $76.00 to $90.00 in a research report on Thursday, September 18th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NIKE currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.57.

NIKE Trading Down 3.0%

Shares of NKE stock opened at $69.03 on Wednesday. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $84.76. The company has a current ratio of 2.19, a quick ratio of 1.45 and a debt-to-equity ratio of 0.59. The firm’s 50 day moving average is $74.28 and its 200 day moving average is $67.28. The stock has a market capitalization of $101.95 billion, a P/E ratio of 35.40, a P/E/G ratio of 2.61 and a beta of 1.29.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.22. The business had revenue of $11.72 billion for the quarter, compared to analysts’ expectations of $10.96 billion. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.70 EPS. Research analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, September 2nd. NIKE’s payout ratio is currently 82.05%.

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.