MASTERINVEST Kapitalanlage GmbH Makes New $4.10 Million Investment in NIKE, Inc. $NKE

MASTERINVEST Kapitalanlage GmbH acquired a new position in shares of NIKE, Inc. (NYSE:NKE) in the 2nd quarter, HoldingsChannel reports. The fund acquired 57,640 shares of the footwear maker’s stock, valued at approximately $4,095,000.

A number of other institutional investors also recently modified their holdings of the stock. Soltis Investment Advisors LLC boosted its holdings in NIKE by 238.8% during the 2nd quarter. Soltis Investment Advisors LLC now owns 141,356 shares of the footwear maker’s stock worth $10,042,000 after acquiring an additional 99,638 shares during the last quarter. Banco Santander S.A. lifted its position in shares of NIKE by 28.3% during the second quarter. Banco Santander S.A. now owns 221,117 shares of the footwear maker’s stock valued at $15,708,000 after purchasing an additional 48,764 shares in the last quarter. Soros Fund Management LLC lifted its position in shares of NIKE by 33.0% during the second quarter. Soros Fund Management LLC now owns 302,320 shares of the footwear maker’s stock valued at $21,477,000 after purchasing an additional 75,000 shares in the last quarter. Vanguard Group Inc. boosted its holdings in NIKE by 0.6% during the second quarter. Vanguard Group Inc. now owns 113,823,785 shares of the footwear maker’s stock worth $8,086,042,000 after purchasing an additional 672,705 shares during the last quarter. Finally, BROOKFIELD Corp ON grew its position in NIKE by 36.2% in the 1st quarter. BROOKFIELD Corp ON now owns 658,598 shares of the footwear maker’s stock worth $41,808,000 after purchasing an additional 175,000 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Mark G. Parker sold 86,078 shares of the business’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $64.80, for a total transaction of $5,577,854.40. Following the sale, the chairman directly owned 647,615 shares in the company, valued at approximately $41,965,452. The trade was a 11.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Treasure Heinle sold 4,300 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $71.27, for a total value of $306,461.00. Following the sale, the executive vice president directly owned 29,396 shares in the company, valued at $2,095,052.92. This trade represents a 12.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on NKE. Guggenheim raised shares of NIKE to a “strong-buy” rating in a research report on Wednesday. Morgan Stanley set a $72.00 price target on NIKE and gave the stock a “positive” rating in a report on Wednesday, October 1st. KeyCorp set a $90.00 price objective on NIKE and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Sanford C. Bernstein reaffirmed a “buy” rating and set a $90.00 target price on shares of NIKE in a research report on Monday, October 13th. Finally, The Goldman Sachs Group set a $85.00 price target on shares of NIKE and gave the stock a “buy” rating in a report on Thursday, September 25th. Four analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $81.10.

NIKE Price Performance

NYSE NKE opened at $67.49 on Friday. The company has a market cap of $99.76 billion, a PE ratio of 34.61, a price-to-earnings-growth ratio of 2.37 and a beta of 1.29. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $82.44. The company has a quick ratio of 1.45, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The firm’s 50-day simple moving average is $65.40 and its two-hundred day simple moving average is $69.32.

NIKE (NYSE:NKE) last posted its earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.22. The firm had revenue of $11.72 billion during the quarter, compared to the consensus estimate of $10.96 billion. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company earned $0.70 earnings per share. Research analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 1st will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from NIKE’s previous quarterly dividend of $0.40. NIKE’s payout ratio is presently 84.10%.

NIKE Company Profile

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.