Commerzbank Aktiengesellschaft FI Sells 5,228 Shares of NIKE, Inc. (NYSE:NKE)

Commerzbank Aktiengesellschaft FI decreased its stake in shares of NIKE, Inc. (NYSE:NKE) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 55,687 shares of the footwear maker’s stock after selling 5,228 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in NIKE were worth $4,214,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Chicago Partners Investment Group LLC boosted its stake in NIKE by 10.3% during the third quarter. Chicago Partners Investment Group LLC now owns 6,586 shares of the footwear maker’s stock valued at $582,000 after buying an additional 614 shares during the last quarter. Confluence Wealth Services Inc. raised its holdings in shares of NIKE by 4.3% during the 3rd quarter. Confluence Wealth Services Inc. now owns 11,563 shares of the footwear maker’s stock worth $1,022,000 after acquiring an additional 475 shares in the last quarter. Lansing Street Advisors bought a new position in shares of NIKE during the 3rd quarter valued at approximately $594,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of NIKE by 0.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 301,731 shares of the footwear maker’s stock valued at $26,673,000 after purchasing an additional 1,830 shares in the last quarter. Finally, CORDA Investment Management LLC. increased its position in NIKE by 13.9% in the third quarter. CORDA Investment Management LLC. now owns 120,822 shares of the footwear maker’s stock worth $10,681,000 after purchasing an additional 14,781 shares during the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Stock Performance

Shares of NIKE stock opened at $78.29 on Tuesday. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The stock’s fifty day moving average price is $74.67 and its 200-day moving average price is $78.29. The firm has a market cap of $115.80 billion, a P/E ratio of 24.16, a P/E/G ratio of 2.52 and a beta of 1.01. NIKE, Inc. has a 12 month low of $68.62 and a 12 month high of $102.49.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same period in the prior year, the business earned $1.03 EPS. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. On average, equities research analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE’s payout ratio is 49.38%.

Insider Buying and Selling

In related news, Director John W. Rogers, Jr. bought 2,500 shares of the business’s stock in a transaction on Friday, December 27th. The shares were bought at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the purchase, the director now directly owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the completion of the transaction, the chairman now owns 896,632 shares of the company’s stock, valued at $65,301,708.56. This represents a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NKE shares. Evercore ISI lowered their price objective on shares of NIKE from $105.00 to $97.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $80.00 price target on shares of NIKE in a report on Wednesday, February 19th. Citigroup cut NIKE from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $102.00 to $72.00 in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on NIKE from $92.00 to $82.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Finally, Jefferies Financial Group raised NIKE from a “hold” rating to a “buy” rating and boosted their target price for the company from $75.00 to $115.00 in a research report on Monday, February 24th. Fourteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $89.77.

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.