Flossbach Von Storch AG Lowers Stock Position in NIKE, Inc. (NYSE:NKE)

Flossbach Von Storch AG reduced its holdings in shares of NIKE, Inc. (NYSE:NKE) by 43.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,344,422 shares of the footwear maker’s stock after selling 1,784,165 shares during the quarter. NIKE makes up about 1.2% of Flossbach Von Storch AG’s holdings, making the stock its 22nd largest position. Flossbach Von Storch AG owned about 0.15% of NIKE worth $254,534,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in NIKE by 7.3% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 15,458 shares of the footwear maker’s stock valued at $1,678,000 after buying an additional 1,052 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in NIKE by 40.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 271,586 shares of the footwear maker’s stock valued at $29,485,000 after acquiring an additional 78,614 shares during the last quarter. Telos Capital Management Inc. raised its holdings in shares of NIKE by 1.9% during the 4th quarter. Telos Capital Management Inc. now owns 44,387 shares of the footwear maker’s stock valued at $4,819,000 after buying an additional 844 shares in the last quarter. Rakuten Securities Inc. purchased a new position in shares of NIKE during the fourth quarter worth approximately $220,000. Finally, Slow Capital Inc. lifted its stake in NIKE by 2.0% in the fourth quarter. Slow Capital Inc. now owns 23,508 shares of the footwear maker’s stock worth $2,557,000 after purchasing an additional 459 shares during the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Stock Up 1.6 %

NIKE stock traded up $1.45 during trading hours on Wednesday, hitting $94.84. The stock had a trading volume of 10,179,037 shares, compared to its average volume of 9,585,350. The stock’s 50-day moving average price is $98.47 and its 200-day moving average price is $103.42. NIKE, Inc. has a 12-month low of $88.66 and a 12-month high of $128.68. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $143.15 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 1.80 and a beta of 1.08.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The business had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $12.28 billion. Equities research analysts anticipate that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were given a dividend of $0.37 per share. The ex-dividend date was Friday, March 1st. This represents a $1.48 annualized dividend and a dividend yield of 1.56%. NIKE’s dividend payout ratio (DPR) is presently 43.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NKE shares. Wells Fargo & Company lowered their target price on NIKE from $125.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Morgan Stanley lowered their price target on shares of NIKE from $124.00 to $116.00 and set an “overweight” rating for the company in a report on Wednesday, March 27th. Telsey Advisory Group cut their price target on shares of NIKE from $140.00 to $120.00 and set an “outperform” rating on the stock in a report on Monday, March 18th. TheStreet cut shares of NIKE from a “b” rating to a “c+” rating in a research report on Tuesday, January 9th. Finally, Sanford C. Bernstein dropped their target price on shares of NIKE from $134.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $116.26.

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.