Landmark Bank Has $2.10 Million Stock Holdings in Nike Inc (NYSE:NKE)

Landmark Bank raised its stake in Nike Inc (NYSE:NKE) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,045 shares of the footwear maker’s stock after acquiring an additional 250 shares during the period. Landmark Bank’s holdings in Nike were worth $2,102,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HCR Wealth Advisors raised its holdings in Nike by 1.8% in the 2nd quarter. HCR Wealth Advisors now owns 13,980 shares of the footwear maker’s stock valued at $1,174,000 after acquiring an additional 250 shares in the last quarter. FMR LLC raised its holdings in Nike by 27.0% in the 1st quarter. FMR LLC now owns 23,077,703 shares of the footwear maker’s stock valued at $1,943,374,000 after acquiring an additional 4,908,916 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Nike by 0.4% in the 1st quarter. Nisa Investment Advisors LLC now owns 505,176 shares of the footwear maker’s stock valued at $42,541,000 after acquiring an additional 2,100 shares in the last quarter. Rhumbline Advisers raised its holdings in Nike by 0.9% in the 1st quarter. Rhumbline Advisers now owns 2,227,033 shares of the footwear maker’s stock valued at $187,538,000 after acquiring an additional 19,393 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV raised its holdings in shares of Nike by 6.8% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 285,378 shares of the footwear maker’s stock worth $24,032,000 after buying an additional 18,245 shares in the last quarter. 66.15% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Elliott Hill sold 3,228 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $87.07, for a total transaction of $281,061.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John F. Slusher sold 110,000 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $85.26, for a total value of $9,378,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 194,637 shares of company stock worth $16,767,237 in the last 90 days. 3.80% of the stock is currently owned by corporate insiders.



NKE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on Nike from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. UBS Group set a $85.00 price target on Nike and gave the stock a “neutral” rating in a report on Monday, June 17th. Bank of America raised Nike to an “underperform” rating and boosted their price target for the stock from $60.00 to $70.00 in a report on Monday, June 24th. Piper Jaffray Companies set a $97.00 price target on Nike and gave the stock a “buy” rating in a report on Friday, June 28th. Finally, Canaccord Genuity reissued a “buy” rating and set a $96.00 price target on shares of Nike in a report on Wednesday, June 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-two have given a buy rating to the company. Nike presently has an average rating of “Buy” and an average target price of $90.02.

NKE stock traded up $0.76 during midday trading on Friday, reaching $80.27. 289,034 shares of the stock were exchanged, compared to its average volume of 5,949,723. The stock has a market capitalization of $130.55 billion, a PE ratio of 32.28, a P/E/G ratio of 2.21 and a beta of 0.78. Nike Inc has a 52 week low of $66.53 and a 52 week high of $90.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.10 and a quick ratio of 1.39. The company has a fifty day moving average price of $85.29 and a 200 day moving average price of $84.68.

Nike (NYSE:NKE) last issued its quarterly earnings data on Thursday, June 27th. The footwear maker reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.04). The firm had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.15 billion. Nike had a return on equity of 45.12% and a net margin of 10.30%. The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 EPS. As a group, analysts anticipate that Nike Inc will post 2.9 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.22 per share. The ex-dividend date is Friday, August 30th. This represents a $0.88 dividend on an annualized basis and a yield of 1.10%. Nike’s dividend payout ratio is currently 35.34%.

Nike Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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