B. Metzler seel. Sohn & Co. AG Increases Stock Position in NIKE, Inc. (NYSE:NKE)

B. Metzler seel. Sohn & Co. AG boosted its position in NIKE, Inc. (NYSE:NKE) by 1.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,662,284 shares of the footwear maker’s stock after acquiring an additional 22,833 shares during the period. NIKE accounts for 1.3% of B. Metzler seel. Sohn & Co. AG’s holdings, making the stock its 16th largest holding. B. Metzler seel. Sohn & Co. AG’s holdings in NIKE were worth $125,414,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new stake in shares of NIKE in the fourth quarter worth about $28,000. Caitlin John LLC lifted its holdings in NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after buying an additional 200 shares during the period. Roxbury Financial LLC bought a new stake in shares of NIKE in the 4th quarter worth approximately $30,000. LFA Lugano Financial Advisors SA increased its stake in shares of NIKE by 110.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock valued at $30,000 after buying an additional 210 shares during the period. Finally, Hopwood Financial Services Inc. bought a new position in shares of NIKE during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the transaction, the chairman now owns 896,632 shares of the company’s stock, valued at approximately $65,301,708.56. This represents a 15.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NKE has been the topic of several recent analyst reports. Bank of America cut their price target on shares of NIKE from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, December 20th. China Renaissance began coverage on shares of NIKE in a research note on Wednesday, March 19th. They set a “hold” rating on the stock. Truist Financial decreased their price target on shares of NIKE from $90.00 to $82.00 and set a “buy” rating for the company in a research note on Friday, March 21st. DA Davidson upgraded shares of NIKE to a “strong-buy” rating in a report on Monday, December 23rd. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $80.00 target price on shares of NIKE in a report on Monday, March 17th. Fifteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $87.38.

NIKE Trading Down 3.8 %

Shares of NYSE:NKE opened at $63.32 on Monday. NIKE, Inc. has a 1 year low of $62.76 and a 1 year high of $98.04. The stock’s fifty day moving average price is $74.16 and its 200-day moving average price is $76.92. The company has a market cap of $93.65 billion, a P/E ratio of 19.54, a PEG ratio of 2.52 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.26. The firm had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 earnings per share. Sell-side analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a $0.40 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.53%. NIKE’s dividend payout ratio (DPR) is currently 53.16%.

NIKE 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.