NIKE, Inc. $NKE Shares Bought by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. increased its holdings in NIKE, Inc. by 7.4%, now owning 585,435 shares valued at approximately $41.59 million as of the latest SEC filing.
• NIKE's recent earnings report revealed $0.49 EPS, surpassing the consensus estimate of $0.27, with a revenue of $11.72 billion compared to expectations of $10.96 billion.
• Analyst ratings for NIKE show a consensus of 3 Strong Buy, 23 Buy, and 7 Hold ratings, with an average price target of $81.57.

ASR Vermogensbeheer N.V. raised its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 7.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 585,435 shares of the footwear maker's stock after acquiring an additional 40,564 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in NIKE were worth $41,587,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NKE. Stone House Investment Management LLC acquired a new position in shares of NIKE during the 1st quarter worth $25,000. Halbert Hargrove Global Advisors LLC raised its stake in shares of NIKE by 952.6% during the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker's stock worth $28,000 after buying an additional 362 shares during the last quarter. Saudi Central Bank acquired a new position in shares of NIKE during the 1st quarter worth $30,000. Matrix Trust Co raised its stake in shares of NIKE by 53.1% during the 2nd quarter. Matrix Trust Co now owns 441 shares of the footwear maker's stock worth $31,000 after buying an additional 153 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in shares of NIKE during the 2nd quarter worth $35,000. Institutional investors and hedge funds own 64.25% of the company's stock.

Analyst Upgrades and Downgrades

NKE has been the subject of several research reports. Deutsche Bank Aktiengesellschaft cut their price target on NIKE from $77.00 to $71.00 and set a "buy" rating for the company in a research note on Friday, June 20th. The Goldman Sachs Group set a $85.00 price objective on NIKE and gave the stock a "buy" rating in a research report on Thursday, September 25th. Barclays set a $70.00 price objective on NIKE and gave the stock a "positive" rating in a research report on Wednesday. Jefferies Financial Group reiterated a "buy" rating and set a $115.00 price objective on shares of NIKE in a research report on Monday. Finally, Argus upgraded NIKE to a "buy" rating in a research report on Sunday, July 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $81.57.

NIKE Stock Performance

NKE stock opened at $74.04 on Thursday. The company has a current ratio of 2.21, a quick ratio of 1.50 and a debt-to-equity ratio of 0.60. The firm has a market cap of $109.35 billion, a P/E ratio of 37.97, a P/E/G ratio of 2.60 and a beta of 1.29. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $85.23. The stock's 50 day simple moving average is $74.73 and its 200 day simple moving average is $67.31.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.22. The business had revenue of $11.72 billion for the quarter, compared to analyst estimates of $10.96 billion. NIKE had a return on equity of 21.05% and a net margin of 6.23%.The business's revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.70 EPS. As a group, equities research analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Tuesday, September 2nd. NIKE's dividend payout ratio is presently 74.07%.

Insider Buying and Selling

In related news, Chairman Mark G. Parker sold 110,000 shares of the company's stock in a transaction 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. This represents a 11.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.80% of the stock is currently owned by 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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