NIKE, Inc. (NYSE:NKE) Shares Bought by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. increased its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 2.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 550,743 shares of the footwear maker's stock after purchasing an additional 14,987 shares during the quarter. NIKE makes up 2.1% of Quintet Private Bank Europe S.A.'s holdings, making the stock its 13th largest position. Quintet Private Bank Europe S.A.'s holdings in NIKE were worth $34,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Heck Capital Advisors LLC purchased a new stake in shares of NIKE during the 4th quarter worth $28,000. Roxbury Financial LLC purchased a new stake in NIKE in the fourth quarter valued at about $30,000. LFA Lugano Financial Advisors SA raised its stake in NIKE by 110.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after buying an additional 210 shares during the last quarter. Hopwood Financial Services Inc. purchased a new stake in NIKE in the fourth quarter valued at about $30,000. Finally, EnRich Financial Partners LLC raised its stake in NIKE by 196.4% in the fourth quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock valued at $31,000 after buying an additional 273 shares during the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Stock Performance

NIKE stock traded down $2.36 during midday trading on Friday, hitting $60.44. 16,491,618 shares of the company were exchanged, compared to its average volume of 15,200,492. The firm has a market capitalization of $89.40 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 2.52 and a beta of 1.21. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $98.04. The business has a fifty day simple moving average of $59.38 and a two-hundred day simple moving average of $68.67. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22.

NIKE (NYSE:NKE - Get Free Report) last posted its earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.28 by $0.26. The firm had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. NIKE's revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share. On average, sell-side analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.65%. The ex-dividend date is Monday, June 2nd. NIKE's payout ratio is currently 53.16%.

Insider Buying and Selling at NIKE

In other NIKE news, Director Robert Holmes Swan acquired 8,600 shares of the company's stock in a transaction on Friday, April 4th. The shares were bought at an average cost of $58.46 per share, with a total value of $502,756.00. Following the completion of the acquisition, the director now owns 31,983 shares in the company, valued at approximately $1,869,726.18. This trade represents a 36.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

NKE has been the subject of a number of research analyst reports. BMO Capital Markets decreased their price target on NIKE from $95.00 to $92.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Jefferies Financial Group reiterated a "buy" rating on shares of NIKE in a research note on Friday, May 23rd. Citigroup decreased their price target on NIKE from $72.00 to $57.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Piper Sandler decreased their price target on NIKE from $90.00 to $70.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. decreased their price target on NIKE from $64.00 to $56.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Seventeen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $80.26.

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.