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Motley Fool Asset Management LLC Has $4.37 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

NIKE logo with Consumer Discretionary background

Key Points

  • Motley Fool Asset Management LLC has increased its position in NIKE, Inc., raising its stake by 10.8% and owning 68,804 shares valued at approximately $4.37 million.
  • NIKE's recent earnings report showed a decrease in revenue by 11.9% year-over-year, but the company still beat earnings per share expectations with $0.14 compared to the consensus estimate of $0.12.
  • In terms of stock performance, NIKE shares fell by 0.2% to $74.17, with a market capitalization of $109.54 billion and a PE ratio of 34.34.
  • Need better tools to track NIKE? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Motley Fool Asset Management LLC raised its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 10.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,804 shares of the footwear maker's stock after acquiring an additional 6,717 shares during the quarter. Motley Fool Asset Management LLC's holdings in NIKE were worth $4,368,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new stake in NIKE in the fourth quarter valued at about $28,000. Putney Financial Group LLC acquired a new position in NIKE in the fourth quarter worth $40,000. Minot DeBlois Advisors LLC bought a new stake in NIKE during the fourth quarter valued at $42,000. N.E.W. Advisory Services LLC acquired a new stake in shares of NIKE during the first quarter worth $37,000. Finally, Roxbury Financial LLC lifted its position 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 buying an additional 201 shares during the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on NKE. Needham & Company LLC lifted their price target on shares of NIKE from $66.00 to $78.00 and gave the company a "buy" rating in a report on Friday, June 27th. Williams Trading lowered their target price on NIKE from $93.00 to $73.00 and set a "buy" rating for the company in a report on Monday, April 21st. Deutsche Bank Aktiengesellschaft dropped their price target on NIKE from $77.00 to $71.00 and set a "buy" rating on the stock in a research report on Friday, June 20th. Telsey Advisory Group restated a "market perform" rating and set a $70.00 price objective on shares of NIKE in a research report on Friday, June 27th. Finally, Argus upgraded NIKE to a "buy" rating in a research note on Sunday, July 6th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $78.22.

Check Out Our Latest Report on NIKE

Insider Activity

In related news, Chairman Mark G. Parker sold 110,000 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total value of $7,951,900.00. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.80% of the stock is owned by corporate insiders.

NIKE Price Performance

NYSE NKE traded up $0.89 on Tuesday, reaching $74.91. 6,397,175 shares of the stock traded hands, compared to its average volume of 10,926,941. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $90.62. The company has a market cap of $110.63 billion, a price-to-earnings ratio of 34.68, a P/E/G ratio of 2.69 and a beta of 1.27. The firm's fifty day simple moving average is $70.20 and its 200 day simple moving average is $67.60. The company has a quick ratio of 1.50, a current ratio of 2.21 and a debt-to-equity ratio of 0.60.

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

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.1%. NIKE's 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.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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