CENTRAL TRUST Co Has $2.79 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

CENTRAL TRUST Co trimmed its holdings in shares of NIKE, Inc. (NYSE:NKE) by 7.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,524 shares of the footwear maker’s stock after selling 2,560 shares during the quarter. CENTRAL TRUST Co’s holdings in NIKE were worth $2,787,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its stake in shares of NIKE by 86.0% in the first quarter. Advisors Asset Management Inc. now owns 20,957 shares of the footwear maker’s stock worth $1,970,000 after acquiring an additional 9,689 shares during the period. FORA Capital LLC acquired a new stake in shares of NIKE during the first quarter worth $3,412,000. Cetera Advisors LLC raised its stake in NIKE by 85.5% during the first quarter. Cetera Advisors LLC now owns 88,299 shares of the footwear maker’s stock worth $8,298,000 after buying an additional 40,704 shares during the last quarter. Koshinski Asset Management Inc. acquired a new position in NIKE in the first quarter valued at $713,000. Finally, New Mexico Educational Retirement Board boosted its position in NIKE by 15.7% during the first quarter. New Mexico Educational Retirement Board now owns 74,248 shares of the footwear maker’s stock valued at $6,978,000 after acquiring an additional 10,100 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Chairman Mark G. Parker sold 52,487 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the completion of the sale, the chairman now owns 1,031,226 shares in the company, valued at approximately $80,435,628. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NKE has been the subject of several research analyst reports. Oppenheimer reissued an “outperform” rating and issued a $120.00 price objective on shares of NIKE in a research report on Friday, June 28th. Robert W. Baird boosted their price target on NIKE from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Bank of America cut their price target on NIKE from $104.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, October 2nd. Wedbush dropped their target price on shares of NIKE from $115.00 to $97.00 and set an “outperform” rating on the stock in a research report on Friday, June 28th. Finally, HSBC cut their target price on shares of NIKE from $100.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, June 28th. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $96.56.

NIKE Trading Down 1.2 %

NYSE:NKE opened at $79.05 on Friday. NIKE, Inc. has a 52 week low of $70.75 and a 52 week high of $123.39. The firm has a 50-day moving average price of $82.86 and a two-hundred day moving average price of $85.10. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 2.36. The firm has a market cap of $118.52 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Tuesday, October 1st. The footwear maker reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.18. The company had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $11.64 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. NIKE’s revenue was down 10.4% on a year-over-year basis. During the same period last year, the business posted $0.94 earnings per share. On average, equities analysts expect that NIKE, Inc. will post 2.78 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Tuesday, September 3rd. NIKE’s payout ratio is 42.41%.

NIKE 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.