DJE Kapital AG Purchases 2,758 Shares of NIKE, Inc. $NKE

DJE Kapital AG increased its position in NIKE, Inc. (NYSE:NKE) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 686,165 shares of the footwear maker’s stock after purchasing an additional 2,758 shares during the quarter. DJE Kapital AG’s holdings in NIKE were worth $48,183,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in NKE. Monaco Asset Management SAM acquired a new stake in shares of NIKE during the 2nd quarter worth approximately $3,197,000. Sound View Wealth Advisors Group LLC boosted its stake in NIKE by 35.1% in the second quarter. Sound View Wealth Advisors Group LLC now owns 6,270 shares of the footwear maker’s stock valued at $445,000 after acquiring an additional 1,630 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in NIKE by 6,832.9% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 246,741 shares of the footwear maker’s stock worth $17,528,000 after acquiring an additional 243,182 shares during the period. Delta Financial Advisors LLC grew its holdings in NIKE by 0.6% during the 2nd quarter. Delta Financial Advisors LLC now owns 31,489 shares of the footwear maker’s stock worth $2,237,000 after acquiring an additional 180 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of NIKE by 7.6% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,390,279 shares of the footwear maker’s stock valued at $169,805,000 after acquiring an additional 168,041 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Zacks Research upgraded NIKE from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 26th. Wall Street Zen raised NIKE from a “sell” rating to a “hold” rating in a research note on Saturday, September 6th. TD Cowen upgraded NIKE from a “hold” rating to a “buy” rating and boosted their target price for the stock from $62.00 to $85.00 in a research report on Wednesday, September 10th. Citigroup upgraded shares of NIKE from a “neutral” rating to a “positive” rating in a research report on Friday, September 19th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $115.00 price objective on shares of NIKE in a research note on Monday, September 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.21.

NIKE Price Performance

NYSE NKE opened at $61.04 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.19. The stock has a market cap of $90.22 billion, a price-to-earnings ratio of 31.30, a PEG ratio of 2.41 and a beta of 1.29. The business has a 50 day simple moving average of $69.65 and a 200 day simple moving average of $68.52. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $82.44.

NIKE (NYSE:NKE) last released its quarterly earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.22. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The company had revenue of $11.72 billion during the quarter, compared to analysts’ expectations of $10.96 billion. During the same quarter in the prior year, the company earned $0.70 earnings per share. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. Analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other NIKE news, 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 transaction of $306,461.00. Following the completion of the transaction, the executive vice president owned 29,396 shares in the company, valued at approximately $2,095,052.92. This represents a 12.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Mark G. Parker sold 86,078 shares of NIKE stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $75.93, for a total value of $6,535,902.54. Following the completion of the sale, the chairman directly owned 744,988 shares in the company, valued at $56,566,938.84. This represents a 10.36% decrease in their position. The SEC filing for this sale provides additional information. 0.80% of the stock is currently owned by corporate insiders.

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.