NIKE, Inc. $NKE Shares Bought by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in NIKE, Inc. by 36.1% during the second quarter, holding 372,156 shares valued at approximately $26.4 million.
• NIKE reported an earnings per share of $0.49 for the recent quarter, surpassing estimates of $0.27, with quarterly revenue reaching $11.72 billion.
• The company announced a quarterly dividend of $0.40 per share, reflecting a 2.2% yield with a payout ratio of 82.05%.

Robeco Institutional Asset Management B.V. raised its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 36.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 372,156 shares of the footwear maker's stock after purchasing an additional 98,643 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in NIKE were worth $26,438,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NKE. Brighton Jones LLC boosted its holdings in shares of NIKE by 388.5% in the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker's stock valued at $15,316,000 after purchasing an additional 160,980 shares during the last quarter. NBC Securities Inc. raised its stake in shares of NIKE by 109,628.6% in the 1st quarter. NBC Securities Inc. now owns 7,681 shares of the footwear maker's stock valued at $487,000 after acquiring an additional 7,674 shares during the period. Merit Financial Group LLC raised its stake in shares of NIKE by 26.2% in the 1st quarter. Merit Financial Group LLC now owns 10,526 shares of the footwear maker's stock valued at $668,000 after acquiring an additional 2,187 shares during the period. RFG Advisory LLC raised its stake in shares of NIKE by 11.6% in the 1st quarter. RFG Advisory LLC now owns 9,746 shares of the footwear maker's stock valued at $619,000 after acquiring an additional 1,011 shares during the period. Finally, Apella Capital LLC raised its stake in shares of NIKE by 47.8% in the 1st quarter. Apella Capital LLC now owns 4,390 shares of the footwear maker's stock valued at $260,000 after acquiring an additional 1,420 shares during the period. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Stock Performance

NIKE stock opened at $72.01 on Friday. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $84.76. The company has a market capitalization of $106.34 billion, a price-to-earnings ratio of 36.93, a price-to-earnings-growth ratio of 2.75 and a beta of 1.29. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.50. The firm's fifty day moving average price is $74.62 and its 200 day moving average price is $67.31.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.22. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The firm had revenue of $11.72 billion for the quarter, compared to the consensus estimate of $10.96 billion. During the same quarter in the previous year, the firm posted $0.70 EPS. The firm's quarterly revenue was up 1.0% on a year-over-year basis. On average, research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. NIKE's dividend payout ratio (DPR) is presently 82.05%.

Insider Activity at NIKE

In other news, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction dated 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 transaction, the chairman owned 842,361 shares of the company's stock, valued at approximately $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 accessible through this hyperlink. Insiders own 0.80% of the company's stock.

Analyst Upgrades and Downgrades

NKE has been the topic of a number of research reports. Jefferies Financial Group reissued a "buy" rating and issued a $115.00 target price on shares of NIKE in a research note on Monday, September 29th. Needham & Company LLC reissued a "buy" rating and issued a $78.00 target price on shares of NIKE in a research note on Wednesday. Truist Financial reissued a "buy" rating and issued a $85.00 target price on shares of NIKE in a research note on Wednesday. The Goldman Sachs Group set a $85.00 target price on shares of NIKE and gave the company a "buy" rating in a research note on Thursday, September 25th. Finally, Morgan Stanley set a $72.00 target price on shares of NIKE and gave the company a "positive" rating in a research note on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, NIKE has a consensus rating of "Moderate Buy" and an average price target of $81.57.

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.

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