Bank Julius Baer & Co. Ltd Zurich Purchases 5,601 Shares of NIKE, Inc. (NYSE:NKE)

Bank Julius Baer & Co. Ltd Zurich increased its position in NIKE, Inc. (NYSE:NKE - Free Report) by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,008,340 shares of the footwear maker's stock after purchasing an additional 5,601 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.07% of NIKE worth $69,932,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hartford Funds Management Co LLC lifted its holdings in shares of NIKE by 7.7% during the first quarter. Hartford Funds Management Co LLC now owns 6,828 shares of the footwear maker's stock valued at $433,000 after acquiring an additional 491 shares during the period. Clifford Swan Investment Counsel LLC increased its stake in shares of NIKE by 2.0% in the first quarter. Clifford Swan Investment Counsel LLC now owns 198,976 shares of the footwear maker's stock valued at $12,631,000 after buying an additional 3,971 shares in the last quarter. Winch Advisory Services LLC increased its stake in shares of NIKE by 2.6% in the first quarter. Winch Advisory Services LLC now owns 14,179 shares of the footwear maker's stock valued at $900,000 after buying an additional 366 shares in the last quarter. HighPoint Advisor Group LLC increased its stake in shares of NIKE by 13.8% in the first quarter. HighPoint Advisor Group LLC now owns 18,567 shares of the footwear maker's stock valued at $1,179,000 after buying an additional 2,245 shares in the last quarter. Finally, Gries Financial LLC increased its stake in shares of NIKE by 47.6% in the first quarter. Gries Financial LLC now owns 31,579 shares of the footwear maker's stock valued at $2,005,000 after buying an additional 10,177 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by corporate insiders.

NIKE Stock Performance

NKE stock traded up $0.36 during midday trading on Tuesday, hitting $74.38. The company's stock had a trading volume of 3,339,313 shares, compared to its average volume of 15,056,891. The stock's 50-day moving average price is $65.49 and its 200 day moving average price is $67.17. The company has a quick ratio of 1.50, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $90.62. The stock has a market cap of $110.01 billion, a price-to-earnings ratio of 34.45, a PEG ratio of 2.66 and a beta of 1.25.

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

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 2nd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend was Monday, June 2nd. NIKE's dividend payout ratio is presently 74.07%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. HSBC upgraded NIKE from a "hold" rating to a "buy" rating and set a $80.00 price objective for the company in a research report on Friday, June 27th. Stifel Nicolaus decreased their target price on NIKE from $75.00 to $64.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Needham & Company LLC boosted their target price on NIKE from $66.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Berenberg Bank assumed coverage on NIKE in a research report on Tuesday, April 15th. They set a "hold" rating and a $58.00 target price for the company. Finally, Bank of America boosted their target price on NIKE from $80.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $77.15.

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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