TCW Group Inc. Has $1.10 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

TCW Group Inc. raised its holdings in NIKE, Inc. (NYSE:NKE) by 4.8% during the first quarter, HoldingsChannel reports. The firm owned 17,276 shares of the footwear maker’s stock after acquiring an additional 794 shares during the quarter. TCW Group Inc.’s holdings in NIKE were worth $1,097,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of NKE. Wellington Management Group LLP boosted its holdings in shares of NIKE by 32.4% in the 4th quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker’s stock valued at $2,749,903,000 after purchasing an additional 8,898,591 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of NIKE in the 1st quarter valued at $509,051,000. Renaissance Technologies LLC boosted its holdings in shares of NIKE by 1,302.7% in the 4th quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker’s stock valued at $196,901,000 after purchasing an additional 2,416,601 shares in the last quarter. Capital World Investors boosted its holdings in shares of NIKE by 10.3% in the 4th quarter. Capital World Investors now owns 24,545,937 shares of the footwear maker’s stock valued at $1,857,389,000 after purchasing an additional 2,288,627 shares in the last quarter. Finally, Flossbach Von Storch SE boosted its holdings in shares of NIKE by 24.0% in the 1st quarter. Flossbach Von Storch SE now owns 10,286,619 shares of the footwear maker’s stock valued at $652,995,000 after purchasing an additional 1,988,547 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada reduced their target price on NIKE from $66.00 to $65.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 20th. Argus raised NIKE to a “buy” rating in a report on Sunday, July 6th. Stifel Nicolaus cut their price objective on NIKE from $75.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, April 10th. HSBC raised NIKE from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a report on Friday, June 27th. Finally, JPMorgan Chase & Co. raised NIKE from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $64.00 to $93.00 in a report on Monday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.22.

NIKE Stock Performance

Shares of NIKE stock opened at $79.27 on Tuesday. NIKE, Inc. has a one year low of $52.28 and a one year high of $90.62. The firm has a market capitalization of $117.07 billion, a price-to-earnings ratio of 36.70, a PEG ratio of 2.80 and a beta of 1.25. The business has a 50-day simple moving average of $67.15 and a 200 day simple moving average of $67.35. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. NIKE had a return on equity of 23.33% and a net margin of 6.95%. The business had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.69 billion. During the same period in the previous year, the company posted $0.99 EPS. The firm’s revenue was down 11.9% compared to the same quarter last year. On average, research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 2nd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Monday, June 2nd. NIKE’s payout ratio is 74.07%.

Insider Buying and Selling

In related news, Chairman Mark G. Parker sold 110,000 shares of the business’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total value of $7,951,900.00. Following the completion of the sale, the chairman directly owned 842,361 shares of the company’s stock, valued at $60,894,276.69. The trade was a 11.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.80% of the stock is owned by insiders.

About NIKE

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.