NIKE, Inc. $NKE Shares Purchased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI increased its position in shares of NIKE, Inc. (NYSE:NKE) by 37.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 145,110 shares of the footwear maker’s stock after acquiring an additional 39,832 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in NIKE were worth $9,245,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of NKE. Vanguard Group Inc. raised its stake in NIKE by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 116,993,541 shares of the footwear maker’s stock worth $7,453,658,000 after purchasing an additional 1,702,342 shares during the period. Capital World Investors raised its stake in NIKE by 0.7% during the third quarter. Capital World Investors now owns 42,239,013 shares of the footwear maker’s stock worth $2,945,326,000 after purchasing an additional 286,615 shares during the period. Flossbach Von Storch SE raised its stake in NIKE by 29.3% during the fourth quarter. Flossbach Von Storch SE now owns 12,753,317 shares of the footwear maker’s stock worth $812,514,000 after purchasing an additional 2,886,856 shares during the period. Invesco Ltd. raised its stake in NIKE by 3.3% during the third quarter. Invesco Ltd. now owns 12,561,334 shares of the footwear maker’s stock worth $875,902,000 after purchasing an additional 404,136 shares during the period. Finally, Jennison Associates LLC raised its stake in NIKE by 42.3% during the third quarter. Jennison Associates LLC now owns 11,838,528 shares of the footwear maker’s stock worth $825,501,000 after purchasing an additional 3,518,666 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Buying and Selling at NIKE

In other news, Director Robert Holmes Swan bought 11,781 shares of NIKE stock in a transaction on Tuesday, April 7th. The stock was purchased at an average cost of $42.44 per share, with a total value of $499,985.64. Following the purchase, the director directly owned 55,074 shares of the company’s stock, valued at approximately $2,337,340.56. This trade represents a 27.21% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Timothy D. Cook bought 25,000 shares of NIKE stock in a transaction on Friday, April 10th. The shares were purchased at an average cost of $42.43 per share, with a total value of $1,060,750.00. Following the completion of the purchase, the director directly owned 130,480 shares in the company, valued at $5,536,266.40. This trade represents a 23.70% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 64,441 shares of company stock valued at $2,734,204. Corporate insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NKE. Royal Bank Of Canada reaffirmed a “buy” rating on shares of NIKE in a research note on Wednesday, April 1st. Robert W. Baird cut their price target on shares of NIKE from $85.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of NIKE in a research note on Monday, April 13th. Wall Street Zen raised shares of NIKE from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of NIKE from $54.00 to $51.00 and set a “hold” rating on the stock in a research note on Wednesday, April 1st. Sixteen research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.04.

NIKE Stock Performance

NIKE stock opened at $41.88 on Friday. NIKE, Inc. has a 12-month low of $41.70 and a 12-month high of $80.17. The company has a market capitalization of $62.03 billion, a price-to-earnings ratio of 27.74, a price-to-earnings-growth ratio of 2.23 and a beta of 1.12. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.14 and a quick ratio of 1.45. The firm’s fifty day moving average price is $47.89 and its 200 day moving average price is $58.11.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.06. The company had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.23 billion. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the business earned $0.54 EPS. On average, research analysts forecast that NIKE, Inc. will post 1.51 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be issued a $0.41 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.64 annualized dividend and a dividend yield of 3.9%. NIKE’s payout ratio is 108.61%.

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).