CoreFirst Bank & Trust Invests $509,000 in NIKE, Inc. (NYSE:NKE)

CoreFirst Bank & Trust acquired a new stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,723 shares of the footwear maker's stock, valued at approximately $509,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NKE. Heck Capital Advisors LLC acquired a new position in shares of NIKE during the 4th quarter worth $28,000. Caitlin John LLC grew its position in NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after acquiring an additional 200 shares during the last quarter. Teachers Insurance & Annuity Association of America acquired a new position in NIKE during the third quarter worth about $30,000. Roxbury Financial LLC bought a new position in shares of NIKE in the fourth quarter worth about $30,000. Finally, LFA Lugano Financial Advisors SA lifted its holdings in shares of NIKE by 110.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after acquiring an additional 210 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

NIKE Stock Down 3.6 %

Shares of NIKE stock traded down $2.37 during trading on Friday, reaching $63.43. 10,936,027 shares of the company traded hands, compared to its average volume of 12,891,616. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The firm has a market capitalization of $93.82 billion, a PE ratio of 19.58, a P/E/G ratio of 2.52 and a beta of 1.02. The company has a 50 day moving average price of $74.31 and a 200-day moving average price of $77.05. NIKE, Inc. has a 1-year low of $63.35 and a 1-year high of $98.04.

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NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.26. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company had revenue of $11.27 billion for the quarter, compared to analysts' expectations of $11.02 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The business's revenue was down 9.1% on a year-over-year basis. As a group, equities research analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Monday, March 3rd. NIKE's payout ratio is 53.16%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NKE shares. DA Davidson upgraded shares of NIKE to a "strong-buy" rating in a research report on Monday, December 23rd. Stifel Nicolaus lowered their price target on shares of NIKE from $79.00 to $75.00 and set a "hold" rating for the company in a report on Friday, December 20th. Cfra Research upgraded NIKE to a "moderate buy" rating in a research note on Friday, March 21st. Royal Bank of Canada reduced their price objective on NIKE from $67.00 to $66.00 and set a "sector perform" rating on the stock in a research report on Friday, March 21st. Finally, Evercore ISI dropped their target price on NIKE from $105.00 to $97.00 and set an "outperform" rating for the company in a research report on Monday, December 16th. Fifteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $87.38.

Insider Buying and Selling

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the company's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the transaction, the chairman now owns 896,632 shares in the company, valued at approximately $65,301,708.56. This represents a 15.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by company insiders.

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.