Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD Buys 105,569 Shares of NIKE, Inc. $NKE

Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD grew its position in shares of NIKE, Inc. (NYSE:NKE) by 106.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 205,082 shares of the footwear maker’s stock after buying an additional 105,569 shares during the quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD’s holdings in NIKE were worth $14,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of NIKE by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 113,823,785 shares of the footwear maker’s stock valued at $8,086,042,000 after purchasing an additional 672,705 shares during the period. State Street Corp lifted its stake in shares of NIKE by 2.8% in the 2nd quarter. State Street Corp now owns 59,154,159 shares of the footwear maker’s stock worth $4,225,441,000 after purchasing an additional 1,590,603 shares during the period. Invesco Ltd. boosted its holdings in shares of NIKE by 66.1% in the second quarter. Invesco Ltd. now owns 12,157,198 shares of the footwear maker’s stock worth $863,647,000 after buying an additional 4,840,114 shares during the last quarter. Jennison Associates LLC grew its position in NIKE by 42.3% during the third quarter. Jennison Associates LLC now owns 11,838,528 shares of the footwear maker’s stock valued at $825,501,000 after buying an additional 3,518,666 shares during the period. Finally, Norges Bank purchased a new stake in NIKE during the second quarter valued at approximately $835,063,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Telsey Advisory Group dropped their price target on shares of NIKE from $75.00 to $72.00 and set a “market perform” rating on the stock in a research note on Friday, December 19th. Citigroup reaffirmed a “neutral” rating and issued a $65.00 target price (down from $70.00) on shares of NIKE in a report on Friday, December 19th. DZ Bank reiterated a “buy” rating on shares of NIKE in a research report on Friday, December 19th. Wells Fargo & Company set a $65.00 price target on NIKE and gave the company an “overweight” rating in a report on Friday, December 19th. Finally, Guggenheim reaffirmed a “buy” rating on shares of NIKE in a research note on Wednesday, December 31st. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, NIKE has an average rating of “Moderate Buy” and a consensus price target of $74.61.

NIKE Stock Performance

NYSE:NKE opened at $60.99 on Wednesday. The company has a current ratio of 2.06, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $82.44. The stock has a 50-day moving average price of $63.91 and a 200 day moving average price of $68.49. The stock has a market capitalization of $90.28 billion, a P/E ratio of 35.87, a P/E/G ratio of 3.18 and a beta of 1.27.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Thursday, December 18th. The footwear maker reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.16. NIKE had a return on equity of 18.43% and a net margin of 5.43%.The business had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.19 billion. During the same period in the prior year, the company posted $0.78 EPS. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. Equities research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 1st were given a dividend of $0.41 per share. The ex-dividend date was Monday, December 1st. This is a positive change from NIKE’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.7%. NIKE’s dividend payout ratio (DPR) is 96.47%.

Insider Transactions at NIKE

In other news, Director Robert Holmes Swan acquired 8,691 shares of NIKE stock in a transaction on Monday, December 22nd. The shares were acquired at an average price of $57.54 per share, with a total value of $500,080.14. Following the purchase, the director directly owned 43,293 shares in the company, valued at $2,491,079.22. The trade was a 25.12% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Elliott Hill acquired 16,388 shares of the firm’s stock in a transaction dated Monday, December 29th. The shares were purchased at an average cost of $61.10 per share, for a total transaction of $1,001,306.80. Following the completion of the acquisition, the chief executive officer directly owned 241,587 shares in the company, valued at approximately $14,760,965.70. This represents a 7.28% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders purchased 91,229 shares of company stock valued at $5,452,640. 0.80% of the stock is owned by insiders.

NIKE Company Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).