1,639,451 Shares in NIKE, Inc. (NYSE:NKE) Bought by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of NIKE, Inc. (NYSE:NKE - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,639,451 shares of the footwear maker's stock, valued at approximately $144,927,000. NIKE accounts for 1.4% of B. Metzler seel. Sohn & Co. Holding AG's investment portfolio, making the stock its 14th largest holding. B. Metzler seel. Sohn & Co. Holding AG owned 0.11% of NIKE as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Garrison Point Advisors LLC increased its stake in shares of NIKE by 1.9% in the third quarter. Garrison Point Advisors LLC now owns 6,704 shares of the footwear maker's stock valued at $593,000 after buying an additional 126 shares in the last quarter. Stephens Consulting LLC increased its position in NIKE by 20.0% in the 3rd quarter. Stephens Consulting LLC now owns 768 shares of the footwear maker's stock valued at $68,000 after acquiring an additional 128 shares in the last quarter. PSI Advisors LLC increased its position in NIKE by 26.3% in the 3rd quarter. PSI Advisors LLC now owns 624 shares of the footwear maker's stock valued at $55,000 after acquiring an additional 130 shares in the last quarter. Chapin Davis Inc. raised its stake in shares of NIKE by 1.2% in the third quarter. Chapin Davis Inc. now owns 11,430 shares of the footwear maker's stock worth $1,010,000 after acquiring an additional 133 shares during the last quarter. Finally, Meridian Financial Partners LLC lifted its position in shares of NIKE by 1.6% during the third quarter. Meridian Financial Partners LLC now owns 8,396 shares of the footwear maker's stock worth $742,000 after purchasing an additional 133 shares in the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Stock Down 1.3 %

NKE stock traded down $0.98 during mid-day trading on Tuesday, reaching $73.91. The company had a trading volume of 12,001,565 shares, compared to its average volume of 11,496,331. The company has a market capitalization of $110.82 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 1.86 and a beta of 1.03. NIKE, Inc. has a 52 week low of $70.75 and a 52 week high of $123.39. The stock has a 50 day simple moving average of $80.79 and a two-hundred day simple moving average of $83.03. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings data on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.18. The firm had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $11.64 billion. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The business's revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period last year, the business posted $0.94 earnings per share. As a group, equities analysts predict that NIKE, Inc. will post 2.74 earnings per share for the current fiscal year.

NIKE Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be given a dividend of $0.40 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.16%. This is an increase from NIKE's previous quarterly dividend of $0.37. NIKE's dividend payout ratio is currently 42.41%.

Analyst Upgrades and Downgrades

NKE has been the subject of several research analyst reports. Truist Financial upgraded shares of NIKE from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $83.00 to $97.00 in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft dropped their target price on NIKE from $95.00 to $92.00 and set a "buy" rating for the company in a research report on Wednesday, October 2nd. Piper Sandler reiterated a "neutral" rating and issued a $80.00 price target on shares of NIKE in a report on Friday, September 20th. Stifel Nicolaus dropped their price objective on NIKE from $88.00 to $79.00 and set a "hold" rating for the company in a report on Monday, August 26th. Finally, Guggenheim reduced their target price on shares of NIKE from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, October 2nd. Fourteen research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, NIKE has a consensus rating of "Moderate Buy" and a consensus target price of $96.30.

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.