Commerzbank Aktiengesellschaft FI Grows Holdings in NIKE, Inc. (NYSE:NKE)

Commerzbank Aktiengesellschaft FI boosted its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 50.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 83,918 shares of the footwear maker's stock after purchasing an additional 28,231 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in NIKE were worth $5,327,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Bailard Inc. lifted its stake in NIKE by 9.2% in the 1st quarter. Bailard Inc. now owns 48,919 shares of the footwear maker's stock worth $3,105,000 after purchasing an additional 4,106 shares in the last quarter. Dynasty Wealth Management LLC lifted its stake in NIKE by 272.9% in the 1st quarter. Dynasty Wealth Management LLC now owns 13,440 shares of the footwear maker's stock worth $853,000 after purchasing an additional 9,836 shares in the last quarter. Allen Capital Group LLC raised its position in shares of NIKE by 42.9% during the 1st quarter. Allen Capital Group LLC now owns 45,941 shares of the footwear maker's stock valued at $2,916,000 after buying an additional 13,795 shares in the last quarter. SKY Mountain Capital Management Inc. purchased a new stake in shares of NIKE during the 1st quarter valued at about $6,147,000. Finally, Grandfield & Dodd LLC raised its position in shares of NIKE by 2.9% during the 1st quarter. Grandfield & Dodd LLC now owns 89,203 shares of the footwear maker's stock valued at $5,663,000 after buying an additional 2,492 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company's stock.

Insider Activity

In related news, Chairman Mark G. Parker sold 110,000 shares of the firm's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the completion of the transaction, the chairman owned 842,361 shares of the company's stock, valued at $60,894,276.69. This trade represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by company insiders.

NIKE Stock Performance

Shares of NYSE NKE traded down $0.48 during midday trading on Friday, reaching $72.50. The company had a trading volume of 8,792,733 shares, compared to its average volume of 15,094,755. The business's 50-day simple moving average is $65.21 and its 200 day simple moving average is $67.29. The stock has a market cap of $107.24 billion, a P/E ratio of 33.56, a P/E/G ratio of 2.65 and a beta of 1.25. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $90.62. The company has a current ratio of 2.21, a quick ratio of 1.50 and a debt-to-equity ratio of 0.60.

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

NIKE Dividend Announcement

The firm 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. The ex-dividend date was Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.21%. NIKE's dividend payout ratio (DPR) is presently 74.07%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NKE. Williams Trading decreased their target price on shares of NIKE from $93.00 to $73.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. JPMorgan Chase & Co. upped their target price on shares of NIKE from $56.00 to $64.00 and gave the company a "neutral" rating in a research report on Friday, June 27th. Jefferies Financial Group restated a "buy" rating on shares of NIKE in a research report on Friday, May 23rd. Stifel Nicolaus cut their price target on shares of NIKE from $75.00 to $64.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Finally, The Goldman Sachs Group upped their price target on shares of NIKE from $72.00 to $81.00 and gave the company a "buy" rating in a report on Friday, June 27th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, NIKE has a consensus rating of "Moderate Buy" and a consensus price target of $77.15.

About NIKE

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.