Robecosam AG lifted its stake in shares of Nike Inc (NYSE:NKE) by 22.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 108,500 shares of the footwear maker’s stock after buying an additional 19,717 shares during the quarter. Robecosam AG’s holdings in Nike were worth $10,016,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Garrett Wealth Advisory Group LLC acquired a new stake in shares of Nike during the 3rd quarter worth approximately $26,000. Hexavest Inc. acquired a new stake in Nike in the 2nd quarter valued at $30,000. Litman Gregory Asset Management LLC acquired a new stake in Nike in the 2nd quarter valued at $31,000. LFA Lugano Financial Advisors SA grew its position in Nike by 43.1% in the 2nd quarter. LFA Lugano Financial Advisors SA now owns 465 shares of the footwear maker’s stock valued at $39,000 after purchasing an additional 140 shares during the period. Finally, Lipe & Dalton acquired a new stake in Nike in the 2nd quarter valued at $50,000. 65.10% of the stock is owned by institutional investors.
NKE has been the subject of several research reports. Pivotal Research lifted their price target on shares of Nike from $101.00 to $104.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Morgan Stanley lifted their price target on shares of Nike from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Stifel Nicolaus set a $106.00 price target on shares of Nike and gave the company a “buy” rating in a research report on Friday, October 11th. BNP Paribas initiated coverage on shares of Nike in a research report on Thursday, October 3rd. They issued an “underperform” rating and a $82.50 price target for the company. Finally, Goldman Sachs Group set a $95.00 price target on shares of Nike and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. Nike currently has a consensus rating of “Buy” and a consensus price target of $96.98.
Shares of NYSE:NKE opened at $96.10 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.29 and a debt-to-equity ratio of 0.67. The stock’s fifty day simple moving average is $89.89 and its two-hundred day simple moving average is $85.78. Nike Inc has a 1-year low of $66.53 and a 1-year high of $96.46. The stock has a market cap of $149.17 billion, a PE ratio of 38.59, a price-to-earnings-growth ratio of 2.54 and a beta of 0.85.
Nike (NYSE:NKE) last issued its quarterly earnings data on Tuesday, September 24th. The footwear maker reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.15. The business had revenue of $10.66 billion for the quarter, compared to analysts’ expectations of $10.43 billion. Nike had a return on equity of 47.92% and a net margin of 10.81%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the business earned $0.67 EPS. On average, sell-side analysts forecast that Nike Inc will post 2.97 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Friday, August 30th. Nike’s payout ratio is 35.34%.
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.
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