MASO CAPITAL PARTNERS Ltd Purchases Shares of 14,000 NIKE, Inc. (NYSE:NKE)

Key Points

• MASO CAPITAL PARTNERS Ltd has purchased 14,000 shares of NIKE, Inc., valued at approximately $889,000, making it the 10th largest position in MASO's portfolio.
• Other institutional investors, including Capital World Investors and Bank of New York Mellon Corp, have also increased their stakes in NIKE in recent months.
• NIKE's stock has experienced a slight decrease of 0.1%, opening at $74.61, with a market capitalization of $110.19 billion and analysts showing a consensus rating of "Moderate Buy."

MASO CAPITAL PARTNERS Ltd purchased a new stake in NIKE, Inc. (NYSE:NKE - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,000 shares of the footwear maker's stock, valued at approximately $889,000. NIKE comprises about 1.3% of MASO CAPITAL PARTNERS Ltd's investment portfolio, making the stock its 10th largest position.

Other hedge funds also recently added to or reduced their stakes in the company. Capital World Investors lifted its holdings in shares of NIKE by 10.3% during the fourth quarter. Capital World Investors now owns 24,545,937 shares of the footwear maker's stock worth $1,857,389,000 after purchasing an additional 2,288,627 shares during the period. Bank of New York Mellon Corp lifted its holdings in NIKE by 3.0% in 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 acquiring an additional 620,214 shares during the period. Northern Trust Corp lifted its holdings in NIKE by 8.8% in the fourth quarter. Northern Trust Corp now owns 14,690,435 shares of the footwear maker's stock valued at $1,111,625,000 after acquiring an additional 1,183,641 shares during the period. Flossbach Von Storch SE lifted its holdings in NIKE by 24.0% in 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 acquiring an additional 1,988,547 shares during the period. Finally, Jennison Associates LLC acquired a new stake in NIKE in the first quarter valued at $509,051,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Stock Down 0.1%

NKE opened at $74.61 on Friday. 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 stock has a market capitalization of $110.19 billion, a price-to-earnings ratio of 34.54, a price-to-earnings-growth ratio of 2.71 and a beta of 1.27. The business has a 50-day moving average of $68.36 and a two-hundred day moving average of $67.53. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $90.62.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly 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. The company had revenue of $11.10 billion during the quarter, compared to analysts' expectations of $10.69 billion. NIKE had a return on equity of 23.33% and a net margin of 6.95%. The firm's revenue was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.99 EPS. On average, research analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NKE has been the subject of a number of recent analyst reports. Royal Bank Of Canada reduced their target price on NIKE from $66.00 to $65.00 and set a "sector perform" rating for the company in a report on Tuesday, May 20th. Hsbc Global Res raised NIKE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Argus raised NIKE to a "buy" rating in a report on Sunday, July 6th. The Goldman Sachs Group raised their target price on NIKE from $72.00 to $81.00 and gave the company a "buy" rating in a report on Friday, June 27th. Finally, Robert W. Baird raised their target price on NIKE from $80.00 to $88.00 and gave the company an "outperform" rating in a report on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, NIKE has an average rating of "Moderate Buy" and a consensus target price of $78.22.

Insider Buying and Selling

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of NIKE stock in a transaction dated 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 $60,894,276.69. The trade was a 11.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.80% of the stock is owned by company insiders.

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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