Allianz SE bought a new stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 132,907 shares of the footwear maker's stock, valued at approximately $9,998,000.
Several other hedge funds also recently modified their holdings of NKE. Heck Capital Advisors LLC bought a new position in NIKE in the fourth quarter valued at approximately $28,000. Caitlin John LLC grew its stake in shares of NIKE by 117.0% during the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock worth $28,000 after purchasing an additional 200 shares during the period. Roxbury Financial LLC acquired a new position in NIKE in the fourth quarter valued at about $30,000. LFA Lugano Financial Advisors SA grew its position in shares of NIKE by 110.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after buying an additional 210 shares during the period. Finally, Hopwood Financial Services Inc. bought a new stake in shares of NIKE in the 4th quarter valued at about $30,000. Institutional investors own 64.25% of the company's stock.
Analyst Ratings Changes
NKE has been the subject of a number of research reports. Bank of America lowered their target price on NIKE from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Telsey Advisory Group reiterated a "market perform" rating and set a $80.00 target price on shares of NIKE in a report on Monday, March 17th. DA Davidson raised NIKE to a "strong-buy" rating in a research report on Monday, December 23rd. Barclays decreased their price objective on NIKE from $79.00 to $70.00 and set an "equal weight" rating for the company in a report on Friday, December 20th. Finally, Guggenheim restated a "buy" rating and issued a $110.00 target price on shares of NIKE in a research note on Wednesday, February 12th. Fifteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $87.38.
View Our Latest Stock Report on NKE
Insider Activity at NIKE
In other news, Chairman Mark G. Parker sold 169,732 shares of the firm's stock in a transaction that occurred on 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 sale, the chairman now directly owns 896,632 shares in the company, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by insiders.
NIKE Price Performance
Shares of NKE stock traded up $0.28 during trading on Monday, hitting $63.57. The company had a trading volume of 17,165,496 shares, compared to its average volume of 14,853,132. The stock's 50-day moving average price is $74.16 and its 200 day moving average price is $76.92. NIKE, Inc. has a one year low of $62.65 and a one year high of $98.04. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The firm has a market capitalization of $94.02 billion, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02.
NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $11.02 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. NIKE's revenue for the quarter was down 9.1% compared to the same quarter last year. Equities analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.
NIKE Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.52%. NIKE's dividend payout ratio (DPR) is currently 53.16%.
About NIKE
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Free Report)
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.
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