NIKE, Inc. $NKE Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 25.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 285,137 shares of the footwear maker's stock after acquiring an additional 57,960 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in NIKE were worth $18,100,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of NKE. Stone House Investment Management LLC purchased a new stake in shares of NIKE during the first quarter worth approximately $25,000. Heck Capital Advisors LLC purchased a new position in NIKE during the 4th quarter worth $28,000. Saudi Central Bank purchased a new position in NIKE during the 1st quarter worth $30,000. Roxbury Financial LLC lifted its stake in shares of NIKE by 52.1% in the 1st quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker's stock worth $37,000 after acquiring an additional 201 shares during the period. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of NIKE in the first quarter valued at about $37,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NKE shares. Jefferies Financial Group restated a "buy" rating and issued a $115.00 price objective on shares of NIKE in a research report on Friday, August 22nd. HSBC raised NIKE from a "hold" rating to a "buy" rating and set a $80.00 target price for the company in a research note on Friday, June 27th. JPMorgan Chase & Co. upgraded NIKE from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $64.00 to $93.00 in a research note on Monday, July 28th. Deutsche Bank Aktiengesellschaft cut their price objective on NIKE from $77.00 to $71.00 and set a "buy" rating for the company in a research report on Friday, June 20th. Finally, Barclays boosted their target price on shares of NIKE from $53.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Friday, June 27th. Three analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and twelve have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $78.67.

NIKE Price Performance

NIKE stock traded up $0.62 during trading hours on Wednesday, hitting $74.22. The stock had a trading volume of 11,220,426 shares, compared to its average volume of 9,803,136. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $90.62. The stock has a market capitalization of $109.61 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 2.67 and a beta of 1.24. The stock's fifty day moving average is $75.50 and its two-hundred day moving average is $67.91. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.69 billion. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The business's revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.99 EPS. As a group, analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be given a $0.40 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. NIKE's dividend payout ratio is currently 74.07%.

Insider Buying and Selling at NIKE

In related news, Chairman Mark G. Parker sold 110,000 shares of NIKE 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 completion of the transaction, the chairman directly owned 842,361 shares in the company, valued at $60,894,276.69. The trade was a 11.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.80% of the stock is currently owned by company insiders.

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.