Sumitomo Mitsui DS Asset Management Company Ltd Has $24.15 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in NIKE, Inc. (NYSE:NKE) by 3.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 380,356 shares of the footwear maker’s stock after buying an additional 12,814 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in NIKE were worth $24,145,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new position in NIKE in the fourth quarter valued at about $28,000. LFA Lugano Financial Advisors SA lifted its position in NIKE by 110.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock valued at $30,000 after purchasing an additional 210 shares during the period. Hopwood Financial Services Inc. bought a new position in shares of NIKE in the 4th quarter valued at about $30,000. EnRich Financial Partners LLC boosted its stake in shares of NIKE by 196.4% in the 4th quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker’s stock valued at $31,000 after purchasing an additional 273 shares during the last quarter. Finally, Roxbury Financial LLC grew its position in shares of NIKE by 52.1% during the 1st quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker’s stock worth $37,000 after buying an additional 201 shares during the period. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Stock Performance

Shares of NKE stock opened at $71.06 on Tuesday. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $90.62. The company’s fifty day simple moving average is $60.93 and its 200-day simple moving average is $67.40. The firm has a market cap of $105.11 billion, a PE ratio of 32.90, a P/E/G ratio of 2.73 and a beta of 1.21. The company has a quick ratio of 1.50, a current ratio of 2.21 and a debt-to-equity ratio of 0.60.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The firm had revenue of $11.10 billion for the quarter, compared to analysts’ expectations of $10.69 billion. During the same period in the previous year, the firm posted $0.99 EPS. The company’s revenue for the quarter was down 11.9% on a year-over-year basis. Equities research analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.60 annualized dividend and a yield of 2.25%. NIKE’s dividend payout ratio (DPR) is presently 53.16%.

Insiders Place Their Bets

In related news, Director Robert Holmes Swan acquired 8,600 shares of the company’s stock in a transaction dated Friday, April 4th. The shares were bought at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the purchase, the director directly owned 31,983 shares in the company, valued at approximately $1,869,726.18. This trade represents a 36.78% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NKE shares. Argus raised shares of NIKE from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Tuesday. Berenberg Bank assumed coverage on NIKE in a research report on Tuesday, April 15th. They issued a “hold” rating and a $58.00 price target on the stock. Cfra Research upgraded NIKE to a “moderate buy” rating in a report on Friday, March 21st. Royal Bank Of Canada reduced their target price on NIKE from $66.00 to $65.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 20th. Finally, UBS Group restated a “neutral” rating and set a $63.00 target price on shares of NIKE in a research report on Friday. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.19.

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.