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

Asset Management One Co. Ltd. raised its holdings in shares of NIKE, Inc. (NYSE:NKE) by 3.3% during the 4th quarter, HoldingsChannel reports. The fund owned 598,091 shares of the footwear maker’s stock after purchasing an additional 18,946 shares during the period. Asset Management One Co. Ltd.’s holdings in NIKE were worth $45,706,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Pacer Advisors Inc. grew its position in NIKE by 6,029.6% during the fourth quarter. Pacer Advisors Inc. now owns 6,821,270 shares of the footwear maker’s stock valued at $516,166,000 after purchasing an additional 6,709,985 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of NIKE by 1,209,638.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 6,508,394 shares of the footwear maker’s stock valued at $575,342,000 after buying an additional 6,507,856 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of NIKE by 358.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,015,267 shares of the footwear maker’s stock valued at $228,165,000 after buying an additional 2,357,745 shares during the period. State Street Corp grew its holdings in shares of NIKE by 3.3% during the 3rd quarter. State Street Corp now owns 57,916,789 shares of the footwear maker’s stock valued at $5,140,796,000 after acquiring an additional 1,862,021 shares in the last quarter. Finally, Holocene Advisors LP acquired a new position in shares of NIKE in the third quarter worth $148,635,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on NKE. Telsey Advisory Group reissued a “market perform” rating and set a $80.00 price objective on shares of NIKE in a research report on Thursday, February 6th. Needham & Company LLC reiterated a “buy” rating and set a $84.00 price target on shares of NIKE in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on NIKE from $92.00 to $82.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Royal Bank of Canada reduced their target price on shares of NIKE from $82.00 to $80.00 and set a “sector perform” rating for the company in a research note on Thursday, November 7th. Finally, TD Cowen decreased their target price on shares of NIKE from $78.00 to $73.00 and set a “hold” rating for the company in a research report on Monday, November 18th. Fifteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $88.62.

Insider Activity at NIKE

In other NIKE news, Director John W. Rogers, Jr. purchased 2,500 shares of the stock in a transaction on Friday, December 27th. The shares were purchased at an average price of $76.65 per share, with a total value of $191,625.00. Following the acquisition, the director now directly owns 34,403 shares of the company’s stock, valued at $2,636,989.95. This represents a 7.84 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by corporate insiders.

NIKE Price Performance

Shares of NIKE stock opened at $73.25 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The company has a market cap of $108.35 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 2.34 and a beta of 1.01. The firm has a fifty day moving average price of $74.68 and a two-hundred day moving average price of $78.04. NIKE, Inc. has a fifty-two week low of $68.62 and a fifty-two week high of $107.34.

NIKE (NYSE:NKE) last released its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter last year, the company earned $1.03 earnings per share. The firm’s revenue was down 7.7% on a year-over-year basis. Analysts expect that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

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

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.