APG Asset Management N.V. Takes $48.16 Million Position in NIKE, Inc. (NYSE:NKE)

APG Asset Management N.V. acquired a new stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 659,100 shares of the footwear maker's stock, valued at approximately $48,164,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP increased its holdings in NIKE by 32.4% during the 4th quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker's stock worth $2,749,903,000 after purchasing an additional 8,898,591 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of NIKE by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 25,376,558 shares of the footwear maker's stock valued at $1,915,110,000 after buying an additional 347,178 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in NIKE by 18.1% during the fourth quarter. Bank of New York Mellon Corp now owns 20,367,993 shares of the footwear maker's stock worth $1,541,246,000 after buying an additional 3,121,929 shares in the last quarter. Norges Bank purchased a new stake in NIKE in the 4th quarter valued at $1,126,288,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in NIKE by 7.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,205,753 shares of the footwear maker's stock valued at $696,599,000 after acquiring an additional 603,219 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NKE shares. China Renaissance assumed coverage on shares of NIKE in a research report on Wednesday, March 19th. They set a "hold" rating on the stock. Guggenheim reissued a "buy" rating and set a $110.00 target price on shares of NIKE in a research report on Wednesday, February 12th. Bank of America reduced their target price on NIKE from $95.00 to $90.00 and set a "buy" rating for the company in a report on Friday, December 20th. Royal Bank of Canada dropped their price target on NIKE from $67.00 to $66.00 and set a "sector perform" rating on the stock in a report on Friday, March 21st. Finally, Morgan Stanley decreased their target price on NIKE from $72.00 to $70.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. Fifteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, NIKE currently has an average rating of "Moderate Buy" and an average price target of $86.19.

NIKE Price Performance

NIKE stock traded up $0.04 during mid-day trading on Friday, hitting $54.44. 22,585,735 shares of the company traded hands, compared to its average volume of 14,036,479. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. NIKE, Inc. has a one year low of $52.28 and a one year high of $98.04. The stock has a market cap of $80.52 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15. The stock has a fifty day moving average price of $70.03 and a 200-day moving average price of $74.83.

NIKE (NYSE:NKE - Get Free Report) last posted 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. The company had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm's revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 EPS. On average, equities analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.94%. NIKE's dividend payout ratio (DPR) is presently 53.16%.

Insider Activity at NIKE

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction that occurred 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 directly owns 896,632 shares in the company, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Holmes Swan acquired 8,600 shares of the stock in a transaction dated Friday, April 4th. The stock was acquired at an average price of $58.46 per share, with a total value of $502,756.00. Following the completion of the acquisition, the director now owns 31,983 shares in the company, valued at approximately $1,869,726.18. The trade was a 36.78 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.

NIKE Company 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.