NBT Bank N A NY Purchases 404 Shares of NIKE, Inc. $NKE

NBT Bank N A NY boosted its position in NIKE, Inc. (NYSE:NKE) by 1.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,719 shares of the footwear maker’s stock after purchasing an additional 404 shares during the quarter. NBT Bank N A NY’s holdings in NIKE were worth $2,253,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Mascoma Wealth Management LLC bought a new position in NIKE in the second quarter worth about $26,000. Stone House Investment Management LLC bought a new position in NIKE in the first quarter worth about $25,000. Halbert Hargrove Global Advisors LLC increased its holdings in shares of NIKE by 952.6% during the second quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 362 shares in the last quarter. Matrix Trust Co increased its holdings in shares of NIKE by 53.1% during the second quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock valued at $31,000 after acquiring an additional 153 shares in the last quarter. Finally, Saudi Central Bank acquired a new position in shares of NIKE during the first quarter valued at about $30,000. 64.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the transaction, the chairman owned 842,361 shares in the company, valued at $60,894,276.69. This trade represents a 11.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Treasure Heinle sold 4,300 shares of the stock in a transaction on Monday, October 6th. The shares were sold at an average price of $71.27, for a total value of $306,461.00. Following the completion of the transaction, the executive vice president directly owned 29,396 shares of the company’s stock, valued at approximately $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. Insiders have sold a total of 200,378 shares of company stock worth $14,794,264 in the last quarter. Insiders own 0.80% of the company’s stock.

NIKE Trading Up 0.3%

NIKE stock opened at $69.10 on Thursday. The company has a current ratio of 2.19, a quick ratio of 1.45 and a debt-to-equity ratio of 0.59. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $84.76. The stock’s 50 day simple moving average is $74.12 and its two-hundred day simple moving average is $67.29. The firm has a market cap of $102.05 billion, a PE ratio of 35.44, a P/E/G ratio of 2.52 and a beta of 1.29.

NIKE (NYSE:NKE) last announced its earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.22. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The firm had revenue of $11.72 billion for the quarter, compared to analyst estimates of $10.96 billion. During the same quarter last year, the firm posted $0.70 EPS. The business’s revenue was up 1.0% on a year-over-year basis. Analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.3%. NIKE’s dividend payout ratio (DPR) is 82.05%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NKE shares. HSBC upgraded shares of NIKE from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a report on Friday, June 27th. Argus upgraded shares of NIKE to a “buy” rating in a report on Sunday, July 6th. Truist Financial restated a “buy” rating and set a $85.00 price objective on shares of NIKE in a report on Wednesday, October 1st. UBS Group set a $71.00 price objective on shares of NIKE and gave the company a “neutral” rating in a report on Friday, September 19th. Finally, Zacks Research upgraded shares of NIKE from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 26th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, NIKE presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.57.

NIKE Company Profile

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.