NIKE, Inc. (NYSE:NKE) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG raised its position in NIKE, Inc. (NYSE:NKE) by 36.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,128,250 shares of the footwear maker’s stock after acquiring an additional 1,370,279 shares during the quarter. Deutsche Bank AG’s holdings in NIKE were worth $388,055,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Caitlin John LLC raised its stake in shares of NIKE by 117.0% during the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after buying an additional 200 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in NIKE in the fourth quarter worth $28,000. Roxbury Financial LLC acquired a new stake in NIKE in the fourth quarter valued at $30,000. LFA Lugano Financial Advisors SA boosted its position in shares of NIKE by 110.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock worth $30,000 after purchasing an additional 210 shares in the last quarter. Finally, Hopwood Financial Services Inc. purchased a new stake in shares of NIKE during the 4th quarter worth $30,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling at NIKE

In related news, Director Robert Holmes Swan acquired 8,600 shares of NIKE stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the transaction, the director now directly owns 31,983 shares of the company’s stock, valued at $1,869,726.18. This trade represents a 36.78 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Mark G. Parker sold 169,732 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the completion of the sale, the chairman now owns 896,632 shares in the company, valued at $65,301,708.56. The trade was a 15.92 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. The Goldman Sachs Group reduced their price objective on shares of NIKE from $88.00 to $72.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company lowered NIKE from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $75.00 to $55.00 in a research note on Wednesday, April 30th. Williams Trading dropped their price objective on NIKE from $93.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, April 21st. UBS Group dropped their price target on NIKE from $73.00 to $66.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Finally, Cfra Research raised shares of NIKE to a “moderate buy” rating in a research note on Friday, March 21st. Seventeen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.48.

NIKE Stock Performance

Shares of NKE stock opened at $58.86 on Friday. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The company has a market cap of $87.07 billion, a PE ratio of 18.17, a P/E/G ratio of 2.52 and a beta of 1.23. The company’s fifty day simple moving average is $62.90 and its 200-day simple moving average is $71.47. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $98.04.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.26. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $11.02 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. The firm’s quarterly revenue was down 9.1% on a year-over-year basis. As a group, equities research analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.72%. NIKE’s dividend payout ratio (DPR) is presently 53.16%.

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.