Asset Management One Co. Ltd. Purchases 6,676 Shares of NIKE, Inc. $NKE

Key Points

• Asset Management One Co. Ltd. increased its stake in NIKE, Inc. by 1.0%, acquiring an additional 6,676 shares during Q2, bringing its total holdings to 647,289 shares valued at approximately $45.98 million.
• In the latest quarter, several other hedge funds, including Vanguard Group and Goldman Sachs, significantly increased their positions in NIKE, showing strong interest from institutional investors, who now hold 64.25% of the company's stock.
• NIKE reported $0.49 earnings per share for the last quarter, surpassing estimates, with revenues of $11.72 billion, reflecting a year-over-year growth of 1.0% despite a challenging retail environment.

Asset Management One Co. Ltd. lifted its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 1.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 647,289 shares of the footwear maker's stock after purchasing an additional 6,676 shares during the quarter. Asset Management One Co. Ltd.'s holdings in NIKE were worth $45,983,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of NIKE by 4.6% during the first quarter. Vanguard Group Inc. now owns 113,151,080 shares of the footwear maker's stock valued at $7,182,831,000 after purchasing an additional 4,957,494 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of NIKE by 24.9% during the first quarter. Wellington Management Group LLP now owns 45,383,916 shares of the footwear maker's stock valued at $2,880,971,000 after purchasing an additional 9,043,180 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of NIKE by 344.2% during the first quarter. Goldman Sachs Group Inc. now owns 26,698,835 shares of the footwear maker's stock valued at $1,694,842,000 after purchasing an additional 20,688,013 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of NIKE by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 20,988,207 shares of the footwear maker's stock valued at $1,332,331,000 after purchasing an additional 620,214 shares in the last quarter. Finally, Flossbach Von Storch SE boosted its position in shares of NIKE by 24.0% during the first quarter. Flossbach Von Storch SE now owns 10,286,619 shares of the footwear maker's stock valued at $652,995,000 after purchasing an additional 1,988,547 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NIKE

In other NIKE news, EVP Treasure Heinle sold 4,300 shares of the business's stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $71.27, for a total transaction of $306,461.00. Following the completion of the sale, the executive vice president owned 29,396 shares of the company's stock, valued at approximately $2,095,052.92. The trade was a 12.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Mark G. Parker sold 86,078 shares of the business's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $75.93, for a total value of $6,535,902.54. Following the sale, the chairman directly owned 744,988 shares of the company's stock, valued at $56,566,938.84. This represents a 10.36% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.80% of the company's stock.

NIKE Stock Down 0.8%

NKE stock opened at $69.15 on Friday. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $82.44. The business has a fifty day moving average price of $72.38 and a 200-day moving average price of $67.78. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.45. The stock has a market capitalization of $102.22 billion, a P/E ratio of 35.46, a P/E/G ratio of 2.57 and a beta of 1.29.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.22. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The firm had revenue of $11.72 billion during the quarter, compared to analysts' expectations of $10.96 billion. During the same quarter in the previous year, the business earned $0.70 earnings per share. The company's revenue was up 1.0% on a year-over-year basis. Equities analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.3%. NIKE's payout ratio is presently 82.05%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barclays set a $70.00 price objective on NIKE and gave the company a "positive" rating in a research note on Wednesday, October 1st. Royal Bank Of Canada reiterated an "outperform" rating on shares of NIKE in a research note on Friday, October 10th. Stifel Nicolaus set a $68.00 price objective on NIKE and gave the company a "hold" rating in a research note on Wednesday, October 1st. Argus upgraded NIKE to a "buy" rating in a research note on Sunday, July 6th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $115.00 price objective on shares of NIKE in a research note on Monday, September 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, NIKE has a consensus rating of "Moderate Buy" and a consensus target price of $82.21.

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.

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