Greenleaf Trust lifted its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 11.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,508 shares of the footwear maker's stock after purchasing an additional 13,486 shares during the quarter. Greenleaf Trust's holdings in NIKE were worth $8,221,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of NIKE by 388.5% in the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker's stock valued at $15,316,000 after buying an additional 160,980 shares in the last quarter. Bank Pictet & Cie Europe AG grew its position in shares of NIKE by 10.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 190,915 shares of the footwear maker's stock valued at $14,447,000 after acquiring an additional 17,888 shares during the period. Proficio Capital Partners LLC grew its position in shares of NIKE by 6.4% in the 4th quarter. Proficio Capital Partners LLC now owns 21,634 shares of the footwear maker's stock valued at $1,637,000 after acquiring an additional 1,299 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of NIKE by 3.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 566,725 shares of the footwear maker's stock worth $42,884,000 after purchasing an additional 18,407 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of NIKE by 4.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 250,898 shares of the footwear maker's stock valued at $18,986,000 after purchasing an additional 10,570 shares during the period. Institutional investors and hedge funds own 64.25% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on NKE shares. HSBC raised NIKE from a "hold" rating to a "buy" rating and set a $80.00 price target on the stock in a research report on Friday, June 27th. Telsey Advisory Group reissued a "market perform" rating and set a $70.00 target price on shares of NIKE in a report on Friday, June 27th. Morgan Stanley increased their price target on NIKE from $61.00 to $64.00 and gave the company an "equal weight" rating in a research note on Friday, June 27th. China Renaissance started coverage on shares of NIKE in a research report on Wednesday, March 19th. They set a "hold" rating for the company. Finally, Wells Fargo & Company increased their price objective on shares of NIKE from $55.00 to $60.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, NIKE has an average rating of "Moderate Buy" and a consensus target price of $77.19.
Get Our Latest Research Report on NIKE
NIKE Price Performance
NKE stock traded down $0.21 during midday trading on Wednesday, reaching $73.71. The company had a trading volume of 12,065,340 shares, compared to its average volume of 15,308,938. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $90.62. The stock has a 50 day moving average price of $63.08 and a 200-day moving average price of $67.40. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50. The company has a market capitalization of $109.03 billion, a price-to-earnings ratio of 34.13, a price-to-earnings-growth ratio of 2.77 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 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The company had revenue of $11.10 billion during the quarter, compared to analysts' expectations of $10.69 billion. During the same period in the previous year, the company earned $0.99 EPS. The business's revenue for the quarter was down 11.9% compared to the same quarter last year. Equities research analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.
NIKE Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.60 annualized dividend and a yield of 2.17%. NIKE's dividend payout ratio is currently 74.07%.
About NIKE
(
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.
Further Reading
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
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.
Link copied to clipboard.
