NIKE, Inc. (NYSE:NKE) Stake Boosted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its holdings in NIKE, Inc. (NYSE:NKE) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 598,091 shares of the footwear maker’s stock after purchasing an additional 18,946 shares during the quarter. Asset Management One Co. Ltd.’s holdings in NIKE were worth $45,706,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. B.O.S.S. Retirement Advisors LLC raised its stake in NIKE by 7.6% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 38,864 shares of the footwear maker’s stock worth $3,436,000 after acquiring an additional 2,730 shares during the period. Rheos Capital Works Inc. bought a new position in shares of NIKE during the third quarter valued at approximately $11,492,000. Cornerstone Wealth Management LLC bought a new position in shares of NIKE during the third quarter valued at approximately $390,000. Horizon Wealth Management LLC acquired a new stake in shares of NIKE during the 3rd quarter worth approximately $215,000. Finally, FLC Capital Advisors lifted its holdings in shares of NIKE by 15.5% in the 3rd quarter. FLC Capital Advisors now owns 3,918 shares of the footwear maker’s stock worth $346,000 after purchasing an additional 525 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling at NIKE

In other news, Director John W. Rogers, Jr. purchased 2,500 shares of the business’s stock in a transaction dated Friday, December 27th. The shares were acquired at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the acquisition, the director now directly owns 34,403 shares of the company’s stock, valued at $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.10% of the company’s stock.

NIKE Price Performance

NYSE NKE opened at $73.25 on Friday. NIKE, Inc. has a 1 year low of $68.62 and a 1 year high of $107.34. The business’s fifty day moving average is $74.68 and its two-hundred day moving average is $78.04. The stock has a market capitalization of $108.35 billion, a P/E ratio of 22.61, a P/E/G ratio of 2.34 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.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same period in the previous year, the firm posted $1.03 EPS. The company’s quarterly revenue was down 7.7% on a year-over-year basis. On average, research analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.18%. NIKE’s payout ratio is presently 49.38%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. TD Cowen lowered their price objective on NIKE from $78.00 to $73.00 and set a “hold” rating for the company in a research note on Monday, November 18th. BMO Capital Markets upped their price target on shares of NIKE from $92.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Bank of America cut their price objective on shares of NIKE from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of NIKE from $92.00 to $82.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $84.00 price target on shares of NIKE in a report on Friday, February 7th. Fifteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and a consensus 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.