BI Asset Management Fondsmaeglerselskab A S cut its position in NIKE, Inc. (NYSE:NKE – Get Rating) by 23.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,744 shares of the footwear maker's stock after selling 14,278 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in NIKE were worth $3,802,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in NKE. LFA Lugano Financial Advisors SA increased its holdings in shares of NIKE by 63.3% during the second quarter. LFA Lugano Financial Advisors SA now owns 258 shares of the footwear maker's stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. Worth Asset Management LLC acquired a new position in shares of NIKE during the first quarter valued at about $32,000. Total Clarity Wealth Management Inc. acquired a new position in shares of NIKE during the second quarter valued at about $34,000. Moisand Fitzgerald Tamayo LLC increased its holdings in shares of NIKE by 32.8% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 482 shares of the footwear maker's stock valued at $40,000 after acquiring an additional 119 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its holdings in shares of NIKE by 67.4% during the second quarter. Tortoise Investment Management LLC now owns 452 shares of the footwear maker's stock valued at $46,000 after acquiring an additional 182 shares in the last quarter. 63.20% of the stock is currently owned by institutional investors.
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NIKE Price Performance
Shares of NKE opened at $127.53 on Friday. NIKE, Inc. has a 52-week low of $82.22 and a 52-week high of $149.68. The company has a market capitalization of $197.74 billion, a PE ratio of 35.92, a price-to-earnings-growth ratio of 4.28 and a beta of 1.09. The stock has a fifty day simple moving average of $115.92 and a two-hundred day simple moving average of $107.07. The company has a quick ratio of 1.78, a current ratio of 2.69 and a debt-to-equity ratio of 0.58.
NIKE (NYSE:NKE – Get Rating) last issued its earnings results on Tuesday, December 20th. The footwear maker reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.20. The business had revenue of $13.32 billion during the quarter, compared to the consensus estimate of $12.61 billion. NIKE had a return on equity of 36.83% and a net
margin of 11.47%. As a group, equities analysts forecast that NIKE, Inc. will post 3.11 EPS for the current year.
NIKE Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 28th. Investors of record on Monday, December 5th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.07%. This is an increase from NIKE's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Friday, December 2nd. NIKE's dividend payout ratio (DPR) is presently 38.31%.
Analysts Set New Price Targets
NKE has been the topic of several research reports. Barclays increased their price target on shares of NIKE from $83.00 to $109.00 in a report on Wednesday, December 21st. Guggenheim cut their price target on shares of NIKE from $155.00 to $135.00 and set a "buy" rating on the stock in a report on Friday, September 30th. Cowen increased their price target on shares of NIKE from $131.00 to $141.00 in a report on Tuesday, January 10th. KGI Securities upgraded shares of NIKE from a "neutral" rating to an "outperform" rating in a report on Tuesday, January 10th. Finally, The Goldman Sachs Group set a $133.00 price objective on NIKE in a research report on Monday, January 2nd. Twelve investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $129.18.
Insider Buying and Selling
In related news, EVP Monique S. Matheson sold 5,000 shares of the firm's stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $115.83, for a total transaction of $579,150.00. Following the completion of the sale, the executive vice president now directly owns 60,213 shares of the company's stock, valued at approximately $6,974,471.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Monique S. Matheson sold 5,000 shares of the firm's stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $115.83, for a total transaction of $579,150.00. Following the completion of the transaction, the executive vice president now directly owns 60,213 shares in the company, valued at approximately $6,974,471.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Monique S. Matheson sold 10,000 shares of the firm's stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of $108.16, for a total value of $1,081,600.00. Following the transaction, the executive vice president now owns 60,213 shares of the company's stock, valued at $6,512,638.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,882 shares of company stock valued at $2,831,011. 0.40% of the stock is currently owned by insiders.
NIKE Company Profile
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NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells men's, women's, and kids athletic footwear, apparel, equipment, and accessories 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.
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