NIKE, Inc. (NYSE:NKE) Shares Bought by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its holdings in NIKE, Inc. (NYSE:NKE) by 3.2% in the first quarter, HoldingsChannel.com reports. The firm owned 24,820 shares of the footwear maker’s stock after buying an additional 767 shares during the quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in NIKE were worth $2,333,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NKE. Annapolis Financial Services LLC raised its holdings in NIKE by 440.0% in the 1st quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock worth $25,000 after purchasing an additional 220 shares during the period. Iron Horse Wealth Management LLC raised its holdings in NIKE by 120.7% in the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 140 shares during the period. Planned Solutions Inc. acquired a new position in NIKE in the 4th quarter worth about $29,000. True Wealth Design LLC raised its holdings in NIKE by 106.4% in the 4th quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock worth $32,000 after purchasing an additional 150 shares during the period. Finally, Frank Rimerman Advisors LLC acquired a new position in NIKE in the 4th quarter worth about $33,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. TD Cowen cut their price objective on NIKE from $89.00 to $75.00 and set a “hold” rating for the company in a research note on Friday. Wells Fargo & Company cut their price objective on NIKE from $115.00 to $92.00 and set an “overweight” rating for the company in a research note on Friday. BMO Capital Markets cut their price objective on NIKE from $118.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday. Raymond James reiterated a “market perform” rating on shares of NIKE in a research note on Friday. Finally, Barclays lowered NIKE from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $109.00 to $80.00 in a research report on Friday. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $98.04.

NIKE Trading Down 1.1 %

NYSE:NKE traded down $0.81 during trading hours on Tuesday, reaching $76.02. 10,759,713 shares of the stock were exchanged, compared to its average volume of 10,576,786. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.55. The business has a 50-day moving average of $93.28 and a two-hundred day moving average of $98.85. NIKE, Inc. has a twelve month low of $74.29 and a twelve month high of $123.39. The company has a market capitalization of $114.74 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.43 and a beta of 1.01.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, June 27th. The footwear maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.16. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The company had revenue of $12.60 billion for the quarter, compared to analysts’ expectations of $12.86 billion. During the same period in the prior year, the firm earned $0.66 earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. On average, equities analysts predict that NIKE, Inc. will post 3.9 EPS for the current year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 3rd were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Monday, June 3rd. NIKE’s dividend payout ratio (DPR) is 39.68%.

Insiders Place Their Bets

In other news, Director Robert Holmes Swan purchased 2,941 shares of the firm’s stock in a transaction on Friday, June 28th. The shares were bought at an average cost of $77.02 per share, for a total transaction of $226,515.82. Following the completion of the purchase, the director now directly owns 20,946 shares of the company’s stock, valued at $1,613,260.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Monique S. Matheson sold 45,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total value of $4,237,200.00. Following the sale, the executive vice president now directly owns 44,997 shares in the company, valued at $4,236,917.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert Holmes Swan acquired 2,941 shares of NIKE stock in a transaction dated Friday, June 28th. The stock was bought at an average price of $77.02 per share, for a total transaction of $226,515.82. Following the completion of the purchase, the director now owns 20,946 shares of the company’s stock, valued at approximately $1,613,260.92. The disclosure for this purchase can be found here. Insiders have sold 213,660 shares of company stock worth $19,946,333 over the last ninety days. Corporate insiders own 0.50% of the company’s stock.

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.