MUFG Securities EMEA plc Raises Stock Holdings in NIKE, Inc. $NKE

MUFG Securities EMEA plc raised its stake in shares of NIKE, Inc. (NYSE:NKE) by 114.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,719 shares of the footwear maker’s stock after purchasing an additional 25,980 shares during the quarter. MUFG Securities EMEA plc’s holdings in NIKE were worth $3,104,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in NIKE by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 116,993,541 shares of the footwear maker’s stock valued at $7,453,658,000 after purchasing an additional 1,702,342 shares during the period. Capital World Investors increased its position in NIKE by 0.7% during the 3rd quarter. Capital World Investors now owns 42,239,013 shares of the footwear maker’s stock valued at $2,945,326,000 after purchasing an additional 286,615 shares during the period. Geode Capital Management LLC increased its position in NIKE by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 26,442,879 shares of the footwear maker’s stock valued at $1,677,251,000 after purchasing an additional 233,925 shares during the period. Norges Bank purchased a new position in NIKE during the 4th quarter valued at $829,956,000. Finally, Flossbach Von Storch SE increased its position in NIKE by 29.3% during the 4th quarter. Flossbach Von Storch SE now owns 12,753,317 shares of the footwear maker’s stock valued at $812,514,000 after purchasing an additional 2,886,856 shares during the period. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NIKE

In related news, CEO Elliott Hill bought 23,660 shares of the stock in a transaction on Monday, April 13th. The shares were acquired at an average price of $42.27 per share, for a total transaction of $1,000,108.20. Following the purchase, the chief executive officer owned 265,247 shares of the company’s stock, valued at approximately $11,211,990.69. The trade was a 9.79% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John W. Rogers, Jr. bought 4,000 shares of the stock in a transaction on Thursday, April 9th. The shares were bought at an average price of $43.34 per share, for a total transaction of $173,360.00. Following the purchase, the director directly owned 41,022 shares in the company, valued at approximately $1,777,893.48. This trade represents a 10.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 64,441 shares of company stock worth $2,734,204 over the last quarter. 0.80% of the stock is currently owned by insiders.

NIKE Stock Performance

Shares of NIKE stock opened at $45.93 on Tuesday. 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 stock has a market cap of $68.01 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 2.45 and a beta of 1.12. The firm’s 50-day moving average is $45.60 and its 200 day moving average is $56.61. NIKE, Inc. has a 1 year low of $41.35 and a 1 year high of $80.17.

NIKE (NYSE:NKE) last posted its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.06. The business had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.23 billion. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS. Sell-side analysts anticipate that NIKE, Inc. will post 1.51 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a dividend of $0.41 per share. The ex-dividend date is Monday, June 1st. This represents a $1.64 annualized dividend and a yield of 3.6%. NIKE’s dividend payout ratio is currently 108.61%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NKE. Guggenheim reduced their price objective on shares of NIKE from $77.00 to $74.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Berenberg Bank reissued a “neutral” rating on shares of NIKE in a research report on Wednesday, May 6th. UBS Group reduced their price objective on shares of NIKE from $58.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. Williams Trading reduced their price objective on shares of NIKE from $80.00 to $57.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Finally, HSBC downgraded shares of NIKE from a “buy” rating to a “hold” rating and reduced their price objective for the company from $90.00 to $48.00 in a research report on Monday, April 13th. Sixteen research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, NIKE currently has an average rating of “Hold” and a consensus price target of $62.04.

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).