NIKE, Inc. (NYSE:NKE) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA boosted its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 19.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,209,868 shares of the footwear maker's stock after acquiring an additional 1,184,252 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.48% of NIKE worth $637,352,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Legal & General Group Plc raised its stake in shares of NIKE by 5.5% during the 2nd quarter. Legal & General Group Plc now owns 11,049,294 shares of the footwear maker's stock worth $832,785,000 after buying an additional 571,544 shares in the last quarter. Van ECK Associates Corp increased its stake in NIKE by 15.1% in the 3rd quarter. Van ECK Associates Corp now owns 4,885,672 shares of the footwear maker's stock valued at $431,893,000 after purchasing an additional 641,398 shares in the last quarter. GUARDCAP ASSET MANAGEMENT Ltd increased its stake in NIKE by 1.1% in the 1st quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 4,765,315 shares of the footwear maker's stock valued at $447,844,000 after purchasing an additional 50,821 shares in the last quarter. Swiss National Bank increased its position in NIKE by 0.3% during the third quarter. Swiss National Bank now owns 3,595,800 shares of the footwear maker's stock worth $317,869,000 after buying an additional 9,000 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its position in NIKE by 25.5% during the third quarter. Vontobel Holding Ltd. now owns 3,442,216 shares of the footwear maker's stock worth $304,292,000 after buying an additional 699,642 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Stock Up 2.5 %

NIKE stock traded up $1.85 during midday trading on Friday, hitting $76.95. The stock had a trading volume of 5,360,181 shares, compared to its average volume of 11,478,740. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.57. The stock has a market cap of $115.38 billion, a P/E ratio of 21.57, a P/E/G ratio of 1.80 and a beta of 1.03. NIKE, Inc. has a 12 month low of $70.75 and a 12 month high of $123.39. The business has a fifty day moving average price of $80.55 and a 200 day moving average price of $82.78.

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

NIKE Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a $0.40 dividend. This is an increase from NIKE's previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Monday, December 2nd. NIKE's payout ratio is presently 42.41%.

Analyst Ratings Changes

NKE has been the subject of several recent research reports. Sanford C. Bernstein dropped their price target on NIKE from $112.00 to $109.00 and set an "outperform" rating for the company in a research report on Thursday, September 19th. Bank of America decreased their price objective on NIKE from $104.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, October 2nd. Evercore ISI decreased their price objective on NIKE from $110.00 to $105.00 and set an "outperform" rating on the stock in a report on Wednesday, October 2nd. Barclays decreased their price objective on NIKE from $84.00 to $81.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 2nd. Finally, Needham & Company LLC assumed coverage on NIKE in a report on Friday. They issued a "buy" rating and a $84.00 target price on the stock. Fourteen research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.86.

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.