NIKE, Inc. (NYSE:NKE) Shares Purchased by Flossbach Von Storch SE

Flossbach Von Storch SE grew its position in NIKE, Inc. (NYSE:NKE - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,298,072 shares of the footwear maker's stock after acquiring an additional 85,695 shares during the quarter. NIKE accounts for 2.5% of Flossbach Von Storch SE's portfolio, making the stock its 18th biggest holding. Flossbach Von Storch SE owned approximately 0.56% of NIKE worth $627,915,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of NIKE by 187.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 323,993 shares of the footwear maker's stock worth $28,641,000 after buying an additional 211,461 shares during the last quarter. Raleigh Capital Management Inc. increased its position in NIKE by 25.5% during the third quarter. Raleigh Capital Management Inc. now owns 3,478 shares of the footwear maker's stock valued at $307,000 after acquiring an additional 706 shares during the last quarter. Foundations Investment Advisors LLC lifted its holdings in shares of NIKE by 26.5% in the 3rd quarter. Foundations Investment Advisors LLC now owns 4,804 shares of the footwear maker's stock worth $425,000 after acquiring an additional 1,006 shares during the last quarter. Oakworth Capital Inc. boosted its stake in shares of NIKE by 37.8% during the 3rd quarter. Oakworth Capital Inc. now owns 2,066 shares of the footwear maker's stock worth $183,000 after purchasing an additional 567 shares during the period. Finally, Eastern Bank grew its holdings in NIKE by 250.9% during the 3rd quarter. Eastern Bank now owns 17,532 shares of the footwear maker's stock valued at $1,550,000 after purchasing an additional 12,535 shares during the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the transaction, the chairman now directly owns 896,632 shares of the company's stock, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John W. Rogers, Jr. acquired 2,500 shares of the company's stock in a transaction dated Friday, December 27th. The shares were purchased at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the purchase, the director now directly owns 34,403 shares in the company, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.

NIKE Stock Down 0.9 %

NKE stock traded down $0.73 on Friday, hitting $76.50. 9,698,702 shares of the company's stock were exchanged, compared to its average volume of 13,086,317. NIKE, Inc. has a 12-month low of $68.62 and a 12-month high of $106.62. The stock has a market cap of $113.15 billion, a P/E ratio of 23.61, a price-to-earnings-growth ratio of 2.50 and a beta of 1.01. 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 50 day moving average price of $74.33 and a two-hundred day moving average price of $78.05.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. During the same quarter in the prior year, the business posted $1.03 EPS. NIKE's revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, equities research analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a $0.40 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.09%. NIKE's dividend payout ratio (DPR) is 49.38%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NKE shares. DA Davidson upgraded NIKE to a "strong-buy" rating in a research report on Monday, December 23rd. Needham & Company LLC reiterated a "buy" rating and issued a $84.00 target price on shares of NIKE in a research note on Friday, February 7th. Stifel Nicolaus decreased their target price on NIKE from $79.00 to $75.00 and set a "hold" rating for the company in a research report on Friday, December 20th. Royal Bank of Canada cut their price target on shares of NIKE from $82.00 to $80.00 and set a "sector perform" rating on the stock in a report on Thursday, November 7th. Finally, Guggenheim reissued a "buy" rating and issued a $110.00 price objective on shares of NIKE in a research report on Wednesday, February 12th. Fifteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $88.62.

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.