Flossbach Von Storch SE Has $653 Million Holdings in NIKE, Inc. (NYSE:NKE)

Flossbach Von Storch SE raised its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 24.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,286,619 shares of the footwear maker's stock after purchasing an additional 1,988,547 shares during the period. NIKE accounts for approximately 2.8% of Flossbach Von Storch SE's holdings, making the stock its 17th biggest position. Flossbach Von Storch SE owned approximately 0.70% of NIKE worth $652,995,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NKE. Wellington Management Group LLP raised its holdings in shares of NIKE by 32.4% in the 4th quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker's stock worth $2,749,903,000 after purchasing an additional 8,898,591 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of NIKE by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 25,376,558 shares of the footwear maker's stock worth $1,915,110,000 after purchasing an additional 347,178 shares in the last quarter. Capital World Investors raised its holdings in shares of NIKE by 10.3% in the 4th quarter. Capital World Investors now owns 24,545,937 shares of the footwear maker's stock worth $1,857,389,000 after purchasing an additional 2,288,627 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of NIKE by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 20,988,207 shares of the footwear maker's stock worth $1,332,331,000 after purchasing an additional 620,214 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of NIKE in the 4th quarter worth approximately $1,126,288,000. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Stock Down 0.3%

Shares of NYSE:NKE traded down $0.21 during midday trading on Wednesday, hitting $73.71. The stock had a trading volume of 12,065,340 shares, compared to its average volume of 15,308,938. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $90.62. The company has a quick ratio of 1.50, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The business's 50-day simple moving average is $63.08 and its 200-day simple moving average is $67.40. The company has a market cap of $109.03 billion, a P/E ratio of 34.13, a PEG ratio of 2.77 and a beta of 1.25.

NIKE (NYSE:NKE - Get Free Report) last released its earnings results 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. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The business had revenue of $11.10 billion during the quarter, compared to analysts' expectations of $10.69 billion. During the same period last year, the business earned $0.99 earnings per share. The firm's revenue was down 11.9% on a year-over-year basis. On average, sell-side analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Monday, June 2nd. NIKE's dividend payout ratio is currently 74.07%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Stifel Nicolaus dropped their target price 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. Citigroup lifted their price objective on shares of NIKE from $57.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, June 27th. Evercore ISI reduced their target price on NIKE from $97.00 to $75.00 and set an "outperform" rating for the company in a report on Tuesday, June 24th. Needham & Company LLC lifted their price target on NIKE from $66.00 to $78.00 and gave the company a "buy" rating in a report on Friday, June 27th. Finally, HSBC upgraded NIKE from a "hold" rating to a "buy" rating and set a $80.00 price objective for the company in a research report on Friday, June 27th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $77.19.

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.