Raiffeisen Bank International AG Reduces Stock Holdings in NIKE, Inc. $NKE

Raiffeisen Bank International AG reduced its holdings in shares of NIKE, Inc. (NYSE:NKE) by 25.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 360,033 shares of the footwear maker’s stock after selling 121,198 shares during the period. Raiffeisen Bank International AG’s holdings in NIKE were worth $25,040,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Twin Peaks Wealth Advisors LLC acquired a new position in shares of NIKE during the 2nd quarter worth $31,000. Guerra Advisors Inc purchased a new stake in shares of NIKE in the third quarter valued at about $34,000. Abich Financial Wealth Management LLC acquired a new stake in shares of NIKE in the third quarter valued at approximately $43,000. NewSquare Capital LLC lifted its stake in 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 buying an additional 258 shares in the last quarter. Finally, Field & Main Bank grew its holdings in 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 buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on NKE shares. Telsey Advisory Group dropped their price objective on NIKE from $75.00 to $72.00 and set a “market perform” rating for the company in a research report on Friday, December 19th. Oppenheimer reaffirmed an “outperform” rating on shares of NIKE in a research note on Wednesday, December 17th. The Goldman Sachs Group lowered their price target on shares of NIKE from $77.00 to $76.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Guggenheim reissued a “buy” rating on shares of NIKE in a research report on Wednesday, December 31st. Finally, Daiwa Securities Group decreased their target price on shares of NIKE from $75.00 to $61.00 in a research report on Tuesday, December 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $74.61.

Insider Buying and Selling

In related news, Director Robert Holmes Swan acquired 8,691 shares of NIKE stock in a transaction on Monday, December 22nd. The shares were bought at an average price of $57.54 per share, for a total transaction of $500,080.14. Following the completion of the purchase, the director directly owned 43,293 shares in the company, valued at $2,491,079.22. This trade represents a 25.12% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Timothy D. Cook bought 50,000 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was bought at an average cost of $58.97 per share, with a total value of $2,948,500.00. Following the transaction, the director directly owned 105,480 shares of the company’s stock, valued at approximately $6,220,155.60. This trade represents a 90.12% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 75,079 shares of company stock valued at $4,449,887. Company insiders own 0.80% of the company’s stock.

NIKE Stock Performance

NYSE NKE opened at $65.47 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.06 and a quick ratio of 1.40. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $82.44. The firm has a market capitalization of $96.92 billion, a P/E ratio of 38.51, a P/E/G ratio of 3.36 and a beta of 1.27. The business’s 50-day simple moving average is $63.47 and its 200-day simple moving average is $67.47.

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

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be issued a dividend of $0.41 per share. The ex-dividend date is Monday, March 2nd. This represents a $1.64 annualized dividend and a dividend yield of 2.5%. NIKE’s payout ratio is presently 96.47%.

NIKE Company Profile

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).