DJE Kapital AG Sells 91,969 Shares of NIKE, Inc. $NKE

DJE Kapital AG lessened its stake in shares of NIKE, Inc. (NYSE:NKE) by 13.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 594,196 shares of the footwear maker’s stock after selling 91,969 shares during the period. NIKE accounts for 1.0% of DJE Kapital AG’s holdings, making the stock its 28th biggest position. DJE Kapital AG’s holdings in NIKE were worth $36,497,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. J.Safra Asset Management Corp bought a new stake in NIKE during the fourth quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in NIKE during the third quarter valued at about $35,000. Accredited Wealth Management LLC grew its holdings in NIKE by 268.6% during the third quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock valued at $36,000 after purchasing an additional 376 shares during the period. Strive Asset Management LLC bought a new stake in NIKE during the third quarter valued at about $40,000. Finally, Matrix Trust Co grew its holdings in NIKE by 43.6% during the fourth quarter. Matrix Trust Co now owns 596 shares of the footwear maker’s stock valued at $38,000 after purchasing an additional 181 shares during the period. Institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

Shares of NIKE stock opened at $45.91 on Friday. The stock’s 50-day simple moving average is $44.26 and its 200-day simple moving average is $55.52. NIKE, Inc. has a 52 week low of $41.35 and a 52 week high of $80.17. The company has a market capitalization of $67.99 billion, a price-to-earnings ratio of 30.41, a PEG ratio of 1.90 and a beta of 1.12. The company has a quick ratio of 1.45, a current ratio of 2.14 and a debt-to-equity ratio of 0.50.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, beating the consensus estimate of $0.29 by $0.06. NIKE had a return on equity of 16.41% and a net margin of 4.84%.The business had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.23 billion. During the same period in the previous year, the business earned $0.54 earnings per share. The business’s revenue was up .1% on a year-over-year basis. As a group, analysts expect that NIKE, Inc. will post 1.49 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Monday, June 1st. NIKE’s payout ratio is currently 108.61%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NKE shares. Guggenheim cut their price target on NIKE from $77.00 to $74.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Needham & Company LLC reissued a “hold” rating on shares of NIKE in a report on Thursday, June 4th. DA Davidson downgraded NIKE from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $72.00 to $46.00 in a research report on Thursday, April 2nd. Williams Trading lowered their price objective on NIKE from $80.00 to $57.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Finally, BTIG Research lowered their price objective on NIKE from $90.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Fifteen analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, NIKE currently has a consensus rating of “Hold” and a consensus price target of $60.89.

Insider Transactions at NIKE

In other news, Director Timothy D. Cook bought 25,000 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The shares were bought at an average cost of $42.43 per share, for a total transaction of $1,060,750.00. Following the completion of the transaction, the director owned 130,480 shares of the company’s stock, valued at approximately $5,536,266.40. This represents a 23.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert Holmes Swan bought 11,781 shares of the firm’s stock in a transaction that occurred on Tuesday, April 7th. The stock was purchased at an average price of $42.44 per share, for a total transaction of $499,985.64. Following the completion of the transaction, the director directly owned 55,074 shares of the company’s stock, valued at $2,337,340.56. This represents a 27.21% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 64,441 shares of company stock valued at $2,734,204 over the last three months. Corporate insiders own 0.80% of the company’s stock.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE should get an attention boost from the World Cup, which gives the company a high-profile stage to promote its brand and compete more directly with Adidas. Nike’s World Cup play: take on Adidas and revitalize the brand
• Neutral Sentiment: Recent valuation commentary suggests the stock has had mixed performance, with short-term gains offset by weakness over the longer term, keeping investor sentiment cautious. A Look At Nike (NKE) Valuation As Recent Share Performance Remains Mixed
• Negative Sentiment: RBC Capital downgraded NIKE to Sector Perform/Hold and cut its price target, saying the company’s turnaround is taking longer than expected and near-term catalysts look limited. Nike Could Get a World Cup Boost. But Stay Behind the Touchline, Analysts Say.
• Negative Sentiment: Citigroup also lowered its price target on NIKE and kept a neutral view, adding to concerns about margins, brand reset progress, and the credibility of management’s financial targets. Citigroup adjusts Nike’s PT to 47 from 53, maintains Neutral rating
• Negative Sentiment: Commentary from analysts and media outlets echoed the same theme: NIKE’s operational turnaround and brand reset are progressing more slowly than hoped, keeping pressure on the shares. Analyst Downgrade Puts Nike Turnaround Pace And Profit Goals In Focus

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).