Iyo Bank Ltd. Acquires 12,890 Shares of NIKE, Inc. (NYSE:NKE)

Iyo Bank Ltd. grew its holdings in shares of NIKE, Inc. (NYSE:NKE) by 42.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 43,370 shares of the footwear maker’s stock after acquiring an additional 12,890 shares during the quarter. NIKE comprises 1.6% of Iyo Bank Ltd.’s portfolio, making the stock its 20th largest holding. Iyo Bank Ltd.’s holdings in NIKE were worth $4,076,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Capital International Investors grew its stake in NIKE by 34.9% in the fourth quarter. Capital International Investors now owns 27,609,613 shares of the footwear maker’s stock worth $2,997,628,000 after purchasing an additional 7,143,775 shares during the period. Price T Rowe Associates Inc. MD lifted its position in NIKE by 87.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,135,431 shares of the footwear maker’s stock valued at $1,860,395,000 after acquiring an additional 7,996,434 shares during the period. Norges Bank bought a new stake in NIKE during the fourth quarter worth about $1,315,097,000. Fisher Asset Management LLC grew its holdings in NIKE by 2.3% in the fourth quarter. Fisher Asset Management LLC now owns 9,887,769 shares of the footwear maker’s stock worth $1,073,515,000 after purchasing an additional 219,091 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of NIKE by 18.3% during the third quarter. American Century Companies Inc. now owns 5,620,466 shares of the footwear maker’s stock valued at $537,429,000 after purchasing an additional 870,423 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Performance

Shares of NYSE:NKE traded down $0.80 during midday trading on Wednesday, hitting $75.24. The company had a trading volume of 15,765,236 shares, compared to its average volume of 10,739,085. The company has a market cap of $113.56 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 1.43 and a beta of 1.01. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.40 and a quick ratio of 1.69. The company has a fifty day moving average of $92.58 and a two-hundred day moving average of $98.22. NIKE, Inc. has a 12-month low of $74.29 and a 12-month high of $123.39.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, June 27th. The footwear maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.85 by $0.16. The firm had revenue of $12.60 billion for the quarter, compared to the consensus estimate of $12.86 billion. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 earnings per share. On average, equities research analysts expect that NIKE, Inc. will post 3.47 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 3rd were given a $0.37 dividend. The ex-dividend date was Monday, June 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.97%. NIKE’s payout ratio is currently 39.68%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NKE. Sanford C. Bernstein cut their price target on NIKE from $134.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Oppenheimer restated an “outperform” rating and set a $120.00 price target on shares of NIKE in a report on Friday, June 28th. KeyCorp reiterated a “sector weight” rating on shares of NIKE in a research note on Friday, June 28th. BMO Capital Markets reduced their price objective on shares of NIKE from $118.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, June 28th. Finally, Jefferies Financial Group dropped their target price on shares of NIKE from $110.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, March 22nd. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $97.19.

Insider Transactions at NIKE

In other NIKE news, VP Johanna Nielsen sold 282 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $93.64, for a total transaction of $26,406.48. Following the sale, the vice president now directly owns 730 shares of the company’s stock, valued at $68,357.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other NIKE news, VP Johanna Nielsen sold 282 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $93.64, for a total transaction of $26,406.48. Following the completion of the transaction, the vice president now owns 730 shares of the company’s stock, valued at approximately $68,357.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Holmes Swan acquired 2,941 shares of the business’s stock in a transaction dated Friday, June 28th. The shares were purchased at an average price of $77.02 per share, with a total value of $226,515.82. Following the transaction, the director now owns 20,946 shares of the company’s stock, valued at $1,613,260.92. The disclosure for this purchase can be found here. Insiders sold a total of 213,660 shares of company stock valued at $19,946,333 over the last three months. Corporate insiders own 0.50% of the company’s stock.

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.