FineMark National Bank & Trust Has $2.82 Million Holdings in NIKE, Inc. (NYSE:NKE)

FineMark National Bank & Trust decreased its stake in NIKE, Inc. (NYSE:NKE) by 15.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,212 shares of the footwear maker’s stock after selling 6,624 shares during the quarter. FineMark National Bank & Trust’s holdings in NIKE were worth $2,816,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Eagle Asset Management Inc. grew its holdings in NIKE by 36.2% during the third quarter. Eagle Asset Management Inc. now owns 16,698 shares of the footwear maker’s stock valued at $1,476,000 after purchasing an additional 4,440 shares during the period. Meridian Wealth Management LLC bought a new position in shares of NIKE during the third quarter worth $261,000. Great Valley Advisor Group Inc. grew its holdings in shares of NIKE by 4.9% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 11,409 shares of the footwear maker’s stock valued at $1,009,000 after buying an additional 532 shares during the period. Bank of Hawaii increased its position in shares of NIKE by 69.1% in the 3rd quarter. Bank of Hawaii now owns 8,876 shares of the footwear maker’s stock valued at $785,000 after buying an additional 3,626 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd raised its stake in NIKE by 599.1% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 797 shares of the footwear maker’s stock worth $70,000 after buying an additional 683 shares during the period. Institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling

In other news, Chairman Mark G. Parker sold 169,732 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the sale, the chairman now owns 896,632 shares of the company’s stock, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John W. Rogers, Jr. purchased 2,500 shares of the stock in a transaction that occurred on Friday, December 27th. The shares were acquired at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the transaction, the director now owns 34,403 shares of the company’s stock, valued at $2,636,989.95. This trade represents a 7.84 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NKE has been the subject of several recent analyst reports. UBS Group lowered their price target on NIKE from $73.00 to $66.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Morgan Stanley lowered their target price on NIKE from $72.00 to $70.00 and set an “equal weight” rating for the company in a research note on Friday, March 21st. Wells Fargo & Company cut their price target on shares of NIKE from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, March 21st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of NIKE from $92.00 to $82.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Finally, Dbs Bank raised shares of NIKE from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Fifteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.38.

NIKE Price Performance

Shares of NYSE NKE opened at $66.64 on Wednesday. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The business’s 50 day moving average price is $74.52 and its two-hundred day moving average price is $77.21. The company has a market cap of $98.57 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. NIKE, Inc. has a twelve month low of $65.17 and a twelve month high of $98.04.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.26. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same period in the previous year, the firm earned $0.98 EPS. The firm’s revenue was down 9.1% compared to the same quarter last year. On average, analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE’s dividend payout ratio is presently 53.16%.

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.