ING Groep NV Acquires 300,597 Shares of NIKE, Inc. $NKE

ING Groep NV increased its holdings in shares of NIKE, Inc. (NYSE:NKE) by 5,363.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 306,202 shares of the footwear maker’s stock after buying an additional 300,597 shares during the quarter. ING Groep NV’s holdings in NIKE were worth $21,351,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of NIKE in the 2nd quarter valued at approximately $31,000. Guerra Advisors Inc bought a new stake in shares of NIKE during the third quarter worth $34,000. NewSquare Capital LLC lifted its stake in shares of NIKE by 54.4% in the 2nd quarter. NewSquare Capital LLC now owns 732 shares of the footwear maker’s stock valued at $52,000 after acquiring an additional 258 shares during the last quarter. Field & Main Bank boosted its holdings in shares of NIKE by 36.4% during the 2nd quarter. Field & Main Bank now owns 750 shares of the footwear maker’s stock valued at $53,000 after acquiring an additional 200 shares in the last quarter. Finally, Financial Consulate Inc. bought a new stake in NIKE during the 3rd quarter worth $57,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Transactions at NIKE

In other NIKE news, Director Robert Holmes Swan purchased 8,691 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was acquired at an average price of $57.54 per share, for a total transaction of $500,080.14. Following the purchase, the director owned 43,293 shares of the company’s stock, valued at $2,491,079.22. This trade represents a 25.12% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Elliott Hill acquired 16,388 shares of the stock in a transaction on Monday, December 29th. The shares were acquired at an average price of $61.10 per share, for a total transaction of $1,001,306.80. Following the acquisition, the chief executive officer owned 241,587 shares of the company’s stock, valued at approximately $14,760,965.70. The trade was a 7.28% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 75,079 shares of company stock worth $4,449,887 in the last three months. Insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NKE. Guggenheim reissued a “buy” rating on shares of NIKE in a research note on Wednesday, December 31st. Barclays restated a “neutral” rating on shares of NIKE in a research report on Thursday, January 15th. Telsey Advisory Group reduced their price objective on shares of NIKE from $75.00 to $72.00 and set a “market perform” rating on the stock in a research note on Friday, December 19th. The Goldman Sachs Group lowered their target price on NIKE from $77.00 to $76.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Finally, Needham & Company LLC lowered NIKE from a “buy” rating to a “hold” rating in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $74.61.

NIKE Price Performance

Shares of NKE opened at $62.37 on Thursday. The firm has a market cap of $92.33 billion, a PE ratio of 36.69, a price-to-earnings-growth ratio of 3.23 and a beta of 1.27. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $82.44. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.06. The business’s 50 day moving average price is $63.69 and its two-hundred day moving average price is $68.01.

NIKE (NYSE:NKE) last released its earnings results on Thursday, December 18th. The footwear maker reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.16. The company had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.19 billion. NIKE had a net margin of 5.43% and a return on equity of 18.43%. NIKE’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.78 EPS. On average, equities analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 1st were paid a dividend of $0.41 per share. This is an increase from NIKE’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.64 dividend on an annualized basis and a yield of 2.6%. NIKE’s dividend payout ratio (DPR) is currently 96.47%.

About NIKE

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).