3,867 Shares in NIKE, Inc. $NKE Acquired by Bank Hapoalim BM

Key Points

• Bank Hapoalim BM acquired 3,867 shares of NIKE, valued at approximately $275,000, indicating institutional interest in the stock.
• Several hedge funds have increased their stakes in NIKE, with notable increases from Spire Wealth Management and BROOKFIELD Corp ON.
• Wall Street analysts have a consensus rating of Moderate Buy on NIKE, with price targets ranging from $81.57 to $115.00.

Bank Hapoalim BM purchased a new position in shares of NIKE, Inc. (NYSE:NKE - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,867 shares of the footwear maker's stock, valued at approximately $275,000.

Several other hedge funds have also added to or reduced their stakes in NKE. Spire Wealth Management increased its stake in NIKE by 4.4% during the 1st quarter. Spire Wealth Management now owns 9,872 shares of the footwear maker's stock worth $627,000 after acquiring an additional 416 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its stake in NIKE by 0.6% during the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,008,340 shares of the footwear maker's stock worth $69,932,000 after acquiring an additional 5,601 shares during the period. Clal Insurance Enterprises Holdings Ltd bought a new position in NIKE during the 1st quarter worth $25,963,000. BROOKFIELD Corp ON increased its stake in NIKE by 36.2% during the 1st quarter. BROOKFIELD Corp ON now owns 658,598 shares of the footwear maker's stock worth $41,808,000 after acquiring an additional 175,000 shares during the period. Finally, Olstein Capital Management L.P. increased its stake in NIKE by 42.2% during the 1st quarter. Olstein Capital Management L.P. now owns 91,000 shares of the footwear maker's stock worth $5,777,000 after acquiring an additional 27,000 shares during the period. 64.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Citigroup upgraded NIKE from a "neutral" rating to a "positive" rating in a research note on Friday, September 19th. Bank of America lifted their price target on NIKE from $80.00 to $84.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Robert W. Baird lifted their price target on NIKE from $80.00 to $88.00 and gave the company an "outperform" rating in a research note on Friday, June 27th. TD Cowen upgraded NIKE from a "hold" rating to a "buy" rating and lifted their price target for the company from $62.00 to $85.00 in a research note on Wednesday, September 10th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $115.00 price target on shares of NIKE in a research note on Monday, September 29th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $81.57.

Insider Buying and Selling

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of NIKE stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the transaction, the chairman directly owned 842,361 shares of the company's stock, valued at approximately $60,894,276.69. The trade was a 11.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.80% of the company's stock.

NIKE Trading Down 3.4%

Shares of NKE stock opened at $72.01 on Friday. The firm has a market capitalization of $106.34 billion, a P/E ratio of 36.93, a P/E/G ratio of 2.75 and a beta of 1.29. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $84.76. The company has a quick ratio of 1.50, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The stock's fifty day simple moving average is $74.62 and its 200 day simple moving average is $67.31.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings data on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.22. The business had revenue of $11.72 billion for the quarter, compared to analyst estimates of $10.96 billion. NIKE had a return on equity of 21.16% and a net margin of 6.23%.NIKE's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS. As a group, sell-side analysts predict that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.2%. NIKE's payout ratio is currently 82.05%.

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.

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