Deutsche Bank AG Grows Position in NIKE, Inc. (NYSE:NKE)

Deutsche Bank AG increased its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 36.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,128,250 shares of the footwear maker's stock after purchasing an additional 1,370,279 shares during the period. Deutsche Bank AG owned 0.35% of NIKE worth $388,055,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. JNBA Financial Advisors lifted its holdings in shares of NIKE by 1.3% during the fourth quarter. JNBA Financial Advisors now owns 10,045 shares of the footwear maker's stock worth $760,000 after purchasing an additional 131 shares during the period. Nations Financial Group Inc. IA ADV lifted its holdings in shares of NIKE by 0.7% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 20,446 shares of the footwear maker's stock worth $1,547,000 after purchasing an additional 136 shares during the period. Elgethun Capital Management lifted its holdings in shares of NIKE by 13.7% during the fourth quarter. Elgethun Capital Management now owns 1,236 shares of the footwear maker's stock worth $94,000 after purchasing an additional 149 shares during the period. Game Plan Financial Advisors LLC lifted its holdings in shares of NIKE by 11.1% during the fourth quarter. Game Plan Financial Advisors LLC now owns 1,500 shares of the footwear maker's stock worth $114,000 after purchasing an additional 150 shares during the period. Finally, AlTi Global Inc. lifted its holdings in shares of NIKE by 0.4% during the fourth quarter. AlTi Global Inc. now owns 36,996 shares of the footwear maker's stock worth $2,813,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Trading Down 1.0%

Shares of NKE traded down $0.56 during midday trading on Friday, reaching $58.35. The company had a trading volume of 13,927,237 shares, compared to its average volume of 14,709,636. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $98.04. The stock has a market cap of $86.31 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23. The firm has a 50 day simple moving average of $62.52 and a 200-day simple moving average of $71.20. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE - Get Free Report) last issued its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (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 business had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same period last year, the company earned $0.98 EPS. The company's revenue for the quarter was down 9.1% on a year-over-year basis. Research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Monday, June 2nd. NIKE's dividend payout ratio is presently 53.16%.

Insider Transactions 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 shares were purchased at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the acquisition, the director now owns 31,983 shares in the company, valued at approximately $1,869,726.18. This represents a 36.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the business's stock in a transaction dated 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 approximately $65,301,708.56. This trade represents a 15.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on NKE. Morgan Stanley decreased their target price on NIKE from $72.00 to $70.00 and set an "equal weight" rating for the company in a report on Friday, March 21st. Berenberg Bank initiated coverage on NIKE in a research report on Tuesday, April 15th. They set a "hold" rating and a $58.00 price target for the company. Citigroup reduced their price target on NIKE from $72.00 to $57.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Jefferies Financial Group raised shares of NIKE from a "hold" rating to a "buy" rating and lifted their target price for the company from $75.00 to $115.00 in a report on Monday, February 24th. Finally, Cfra Research raised shares of NIKE to a "moderate buy" rating in a report on Friday, March 21st. Seventeen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, NIKE has a consensus rating of "Moderate Buy" and a consensus price target of $80.48.

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.