Flossbach Von Storch SE Buys 1,988,547 Shares of NIKE, Inc. (NYSE:NKE)

Flossbach Von Storch SE lifted its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 24.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,286,619 shares of the footwear maker's stock after buying an additional 1,988,547 shares during the period. NIKE makes up approximately 2.8% of Flossbach Von Storch SE's holdings, making the stock its 17th largest position. Flossbach Von Storch SE owned approximately 0.70% of NIKE worth $652,995,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Heck Capital Advisors LLC purchased a new position in NIKE in the fourth quarter valued at about $28,000. LFA Lugano Financial Advisors SA boosted its holdings in shares of NIKE by 110.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after purchasing an additional 210 shares during the last quarter. Hopwood Financial Services Inc. acquired a new position in shares of NIKE during the 4th quarter valued at $30,000. EnRich Financial Partners LLC lifted its holdings in shares of NIKE by 196.4% during the 4th quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock valued at $31,000 after acquiring an additional 273 shares in the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE lifted its holdings in NIKE by 95.1% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 513 shares of the footwear maker's stock worth $39,000 after buying an additional 250 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Price Performance

Shares of NKE traded up $1.87 during mid-day trading on Thursday, reaching $75.43. The company had a trading volume of 6,692,018 shares, compared to its average volume of 18,081,176. The company's 50 day simple moving average is $63.42 and its 200 day simple moving average is $67.44. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $90.62. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.50 and a current ratio of 2.21. The company has a market capitalization of $111.58 billion, a price-to-earnings ratio of 34.92, a P/E/G ratio of 2.68 and a beta of 1.25.

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

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.60 annualized dividend and a yield of 2.12%. NIKE's payout ratio is 74.07%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. BMO Capital Markets cut their price objective on shares of NIKE from $95.00 to $92.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Morgan Stanley boosted their price objective on shares of NIKE from $61.00 to $64.00 and gave the stock an "equal weight" rating in a report on Friday, June 27th. Stifel Nicolaus cut their price objective on shares of NIKE from $75.00 to $64.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Needham & Company LLC upped their target price on shares of NIKE from $66.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Finally, Wall Street Zen lowered shares of NIKE from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $77.15.

NIKE Company 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.