Siemens Fonds Invest GmbH Buys 16,790 Shares of NIKE, Inc. (NYSE:NKE)

Siemens Fonds Invest GmbH boosted its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 38.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,083 shares of the footwear maker's stock after purchasing an additional 16,790 shares during the quarter. Siemens Fonds Invest GmbH's holdings in NIKE were worth $4,485,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Heck Capital Advisors LLC acquired a new position in shares of NIKE during the fourth quarter valued at about $28,000. Caitlin John LLC raised its holdings in shares of NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock worth $28,000 after acquiring an additional 200 shares during the last quarter. Roxbury Financial LLC bought a new position in NIKE in the 4th quarter valued at about $30,000. LFA Lugano Financial Advisors SA boosted its stake in NIKE by 110.5% during 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. Finally, Hopwood Financial Services Inc. bought a new stake in NIKE during the 4th quarter worth approximately $30,000. Institutional investors own 64.25% of the company's stock.

Insider Buying and Selling

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

NIKE Stock Performance

Shares of NKE stock traded down $0.92 on Friday, hitting $60.52. 18,129,878 shares of the stock were exchanged, compared to its average volume of 15,008,233. The firm's 50 day moving average is $59.20 and its two-hundred day moving average is $69.78. NIKE, Inc. has a one year low of $52.28 and a one year high of $98.04. The firm has a market capitalization of $89.52 billion, a PE ratio of 18.68, a P/E/G ratio of 2.52 and a beta of 1.23. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.28 by $0.26. The business had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company's revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. Sell-side analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE's payout ratio is currently 53.16%.

Analyst Ratings Changes

A number of research firms have recently weighed in on NKE. Wells Fargo & Company raised their target price on NIKE from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Berenberg Bank began coverage on NIKE in a research report on Tuesday, April 15th. They issued a "hold" rating and a $58.00 price target for the company. Williams Trading cut their price objective on shares of NIKE from $93.00 to $73.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Barclays reduced their target price on shares of NIKE from $70.00 to $60.00 and set an "equal weight" rating for the company in a research note on Monday, May 12th. Finally, Morgan Stanley lowered their target price on shares of NIKE from $72.00 to $70.00 and set an "equal weight" rating for the company in a report on Friday, March 21st. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, NIKE presently has an average rating of "Moderate Buy" and a consensus target price of $80.26.

NIKE 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.