Free Trial

544,871 Shares in NIKE, Inc. (NYSE:NKE) Bought by ASR Vermogensbeheer N.V.

NIKE logo with Consumer Discretionary background

Key Points

  • ASR Vermogensbeheer N.V. acquired a new stake in NIKE, purchasing 544,871 shares valued at approximately $34.6 million during the first quarter.
  • Institutional investors own 64.25% of NIKE's stock, with Goldman Sachs increasing its stake by 344.2%, and Vanguard also boosting its position by 4.6%.
  • Analysts have a consensus rating of "Moderate Buy" for NIKE, with an average price target of $78.22, reflecting a range of ratings from "sell" to "strong buy."
  • Need Better Tools to Track NIKE? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

ASR Vermogensbeheer N.V. bought a new stake in NIKE, Inc. (NYSE:NKE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 544,871 shares of the footwear maker's stock, valued at approximately $34,590,000.

Several other hedge funds also recently modified their holdings of the stock. Citizens Financial Group Inc. RI increased its stake in NIKE by 1.8% in the 1st quarter. Citizens Financial Group Inc. RI now owns 43,060 shares of the footwear maker's stock valued at $2,746,000 after buying an additional 762 shares during the last quarter. Greykasell Wealth Strategies Inc. purchased a new position in NIKE in the first quarter worth $42,000. Primecap Management Co. CA purchased a new stake in shares of NIKE during the 1st quarter valued at $111,498,000. Strategy Asset Managers LLC raised its stake in shares of NIKE by 52.2% during the 1st quarter. Strategy Asset Managers LLC now owns 5,318 shares of the footwear maker's stock worth $338,000 after purchasing an additional 1,825 shares during the period. Finally, Roberts Glore & Co. Inc. IL boosted its holdings in shares of NIKE by 44.9% in the 1st quarter. Roberts Glore & Co. Inc. IL now owns 6,209 shares of the footwear maker's stock worth $394,000 after buying an additional 1,923 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NKE. Wall Street Zen downgraded shares of NIKE from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Robert W. Baird raised their price target on shares of NIKE from $80.00 to $88.00 and gave the stock an "outperform" rating in a research note on Friday, June 27th. Barclays lifted their price target on shares of NIKE from $53.00 to $64.00 and gave the stock an "equal weight" rating in a report on Friday, June 27th. Morgan Stanley increased their price objective on NIKE from $61.00 to $64.00 and gave the company an "equal weight" rating in a report on Friday, June 27th. Finally, DZ Bank downgraded NIKE from a "buy" rating to a "hold" rating and set a $76.00 target price for the company. in a research report on Thursday, July 10th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, NIKE currently has an average rating of "Moderate Buy" and a consensus target price of $78.22.

Get Our Latest Stock Analysis on NKE

NIKE Stock Performance

Shares of NYSE:NKE traded up $0.35 during mid-day trading on Friday, reaching $74.70. 966,891 shares of the company traded hands, compared to its average volume of 17,126,145. The firm has a market cap of $110.33 billion, a PE ratio of 34.52, a PEG ratio of 2.74 and a beta of 1.27. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $90.62. The company's 50 day moving average price is $69.43 and its 200-day moving average price is $67.63. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. The business had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.69 billion. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The company's revenue was down 11.9% on a year-over-year basis. During the same period last year, the firm posted $0.99 EPS. On average, equities analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.1%. NIKE's dividend payout ratio is currently 74.07%.

Insider Activity

In related news, Chairman Mark G. Parker sold 110,000 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total value of $7,951,900.00. Following the completion of the sale, the chairman owned 842,361 shares in the company, valued at approximately $60,894,276.69. The trade was a 11.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.80% of the company's stock.

NIKE Company Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for NIKE (NYSE:NKE)

Should You Invest $1,000 in NIKE Right Now?

Before you consider NIKE, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NIKE wasn't on the list.

While NIKE currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Buy-the-Dip Stocks Poised to Rebound Soon
Quantum Boom: 3 Strong Picks with Lower Risk
3 Overlooked AI Stocks That Chipmakers Can’t Live Without

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines