NIKE, Inc. $NKE Shares Purchased by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ boosted its stake in shares of NIKE, Inc. (NYSE:NKE) by 2.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 373,290 shares of the footwear maker’s stock after acquiring an additional 8,471 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in NIKE were worth $26,030,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Norges Bank acquired a new stake in NIKE in the second quarter valued at $835,063,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in NIKE by 3,129.9% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,091,426 shares of the footwear maker’s stock valued at $645,855,000 after acquiring an additional 8,809,950 shares in the last quarter. Harris Associates L P acquired a new position in NIKE during the second quarter worth about $621,525,000. Invesco Ltd. lifted 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 valued at $863,647,000 after purchasing an additional 4,840,114 shares in the last quarter. Finally, Jennison Associates LLC grew its position in shares of NIKE by 42.3% in the third quarter. Jennison Associates LLC now owns 11,838,528 shares of the footwear maker’s stock valued at $825,501,000 after purchasing an additional 3,518,666 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Trading Down 0.2%

NIKE stock opened at $65.47 on Monday. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $82.44. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.06 and a quick ratio of 1.40. The stock has a market capitalization of $96.92 billion, a PE ratio of 38.51, a price-to-earnings-growth ratio of 3.35 and a beta of 1.27. The firm has a 50 day simple moving average of $63.47 and a 200-day simple moving average of $67.37.

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

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, March 2nd. NIKE’s dividend payout ratio is presently 96.47%.

Insider Activity

In other news, CEO Elliott Hill bought 16,388 shares of the business’s stock in a transaction that occurred on Monday, December 29th. The stock was acquired at an average cost of $61.10 per share, for a total transaction of $1,001,306.80. Following the completion of the purchase, the chief executive officer owned 241,587 shares of the company’s stock, valued at $14,760,965.70. This trade represents a 7.28% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Timothy D. Cook acquired 50,000 shares of the company’s stock in a transaction dated Monday, December 22nd. The stock was acquired at an average price of $58.97 per share, with a total value of $2,948,500.00. Following the purchase, the director owned 105,480 shares in the company, valued at approximately $6,220,155.60. This represents a 90.12% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 75,079 shares of company stock valued at $4,449,887 over the last 90 days. 0.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NKE has been the subject of several analyst reports. KeyCorp cut their price target on NIKE from $90.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. Stifel Nicolaus set a $65.00 target price on NIKE and gave the stock a “hold” rating in a research report on Friday, December 19th. BNP Paribas Exane lowered their price target on NIKE from $38.00 to $35.00 and set an “underperform” rating for the company in a report on Friday, December 19th. Berenberg Bank reiterated a “neutral” rating and set a $70.00 price objective on shares of NIKE in a report on Friday, December 19th. Finally, JPMorgan Chase & Co. decreased their target price on NIKE from $100.00 to $86.00 and set a “buy” rating for the company in a report on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, NIKE presently has an average rating of “Moderate Buy” and an average price target of $74.61.

NIKE 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).