B. Metzler seel. Sohn & Co. AG Has $125.41 Million Holdings in NIKE, Inc. (NYSE:NKE)

B. Metzler seel. Sohn & Co. AG raised its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 1.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,662,284 shares of the footwear maker's stock after buying an additional 22,833 shares during the quarter. NIKE makes up about 1.3% of B. Metzler seel. Sohn & Co. AG's investment portfolio, making the stock its 16th largest holding. B. Metzler seel. Sohn & Co. AG owned about 0.11% of NIKE worth $125,414,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of NKE. Public Sector Pension Investment Board boosted its position in NIKE by 9.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 51,000 shares of the footwear maker's stock worth $4,508,000 after acquiring an additional 4,500 shares during the period. PDT Partners LLC bought a new stake in shares of NIKE during the third quarter valued at about $229,000. Cobblestone Capital Advisors LLC NY raised its stake in shares of NIKE by 49.6% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 13,592 shares of the footwear maker's stock valued at $1,202,000 after purchasing an additional 4,506 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in NIKE in the third quarter worth about $1,688,000. Finally, Benjamin Edwards Inc. grew its position in NIKE by 3,520.3% in the 3rd quarter. Benjamin Edwards Inc. now owns 106,146 shares of the footwear maker's stock valued at $9,383,000 after buying an additional 103,214 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company's stock.

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Insider Activity at NIKE

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of NIKE 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 completion of the sale, the chairman now directly owns 896,632 shares in the company, valued at $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NKE shares. JPMorgan Chase & Co. reduced their price target on shares of NIKE from $73.00 to $64.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. Needham & Company LLC cut their target price on NIKE from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Citigroup cut NIKE from a "buy" rating to a "neutral" rating and lowered their price target for the company from $102.00 to $72.00 in a research report on Friday, February 7th. UBS Group dropped their price objective on NIKE from $73.00 to $66.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Finally, Truist Financial decreased their target price on NIKE from $90.00 to $82.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Fifteen equities 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $87.38.

NIKE Stock Up 0.4 %

NKE traded up $0.28 on Wednesday, reaching $65.04. 10,259,409 shares of the company traded hands, compared to its average volume of 12,951,346. NIKE, Inc. has a 52-week low of $60.62 and a 52-week high of $98.04. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The company has a market cap of $96.20 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 2.52 and a beta of 1.02. The stock's 50 day moving average price is $73.84 and its 200-day moving average price is $76.72.

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

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were issued 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 2.46%. NIKE's dividend payout ratio is 53.16%.

About NIKE

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.