Dash Acquisitions Inc. Acquires 1,444 Shares of NIKE, Inc. (NYSE:NKE)

Dash Acquisitions Inc. raised its holdings in shares of NIKE, Inc. (NYSE:NKE) by 7.3% in the 1st quarter, Holdings Channel reports. The firm owned 21,164 shares of the footwear maker’s stock after purchasing an additional 1,444 shares during the quarter. NIKE accounts for 0.6% of Dash Acquisitions Inc.’s holdings, making the stock its 24th biggest holding. Dash Acquisitions Inc.’s holdings in NIKE were worth $2,007,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank bought a new stake in shares of NIKE in the fourth quarter valued at about $1,315,097,000. Price T Rowe Associates Inc. MD raised its holdings in shares of NIKE by 87.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,135,431 shares of the footwear maker’s stock valued at $1,860,395,000 after acquiring an additional 7,996,434 shares in the last quarter. Capital International Investors raised its holdings in shares of NIKE by 34.9% in the fourth quarter. Capital International Investors now owns 27,609,613 shares of the footwear maker’s stock valued at $2,997,628,000 after acquiring an additional 7,143,775 shares in the last quarter. Public Employees Retirement Association of Colorado raised its holdings in shares of NIKE by 13,094.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,563,253 shares of the footwear maker’s stock valued at $169,722,000 after acquiring an additional 1,551,405 shares in the last quarter. Finally, GUARDCAP ASSET MANAGEMENT Ltd raised its holdings in shares of NIKE by 25.5% in the fourth quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 4,714,494 shares of the footwear maker’s stock valued at $511,853,000 after acquiring an additional 957,612 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.

NIKE Price Performance

Shares of NKE stock traded down $0.79 during trading hours on Tuesday, hitting $76.04. 24,961,781 shares of the company’s stock were exchanged, compared to its average volume of 10,689,501. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.55. The firm has a market cap of $114.77 billion, a P/E ratio of 20.38, a P/E/G ratio of 1.43 and a beta of 1.01. The firm has a 50 day moving average of $92.94 and a two-hundred day moving average of $98.54. NIKE, Inc. has a fifty-two week low of $74.29 and a fifty-two week high of $123.39.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, June 27th. The footwear maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.16. The business had revenue of $12.60 billion during the quarter, compared to the consensus estimate of $12.86 billion. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 EPS. Sell-side analysts forecast that NIKE, Inc. will post 3.9 EPS for the current year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 3rd were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Monday, June 3rd. NIKE’s dividend payout ratio is currently 39.68%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. The Goldman Sachs Group decreased their price objective on NIKE from $118.00 to $105.00 and set a “buy” rating for the company in a report on Friday. Wedbush cut their target price on NIKE from $115.00 to $97.00 and set an “outperform” rating on the stock in a research note on Friday. TD Cowen cut their target price on NIKE from $89.00 to $75.00 and set a “hold” rating on the stock in a research note on Friday. Barclays lowered NIKE from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $109.00 to $80.00 in a research note on Friday. Finally, Robert W. Baird cut their target price on NIKE from $125.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $98.04.

Insider Activity at NIKE

In related news, VP Johanna Nielsen sold 282 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $93.64, for a total value of $26,406.48. Following the completion of the transaction, the vice president now directly owns 730 shares of the company’s stock, valued at approximately $68,357.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, VP Johanna Nielsen sold 282 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $93.64, for a total value of $26,406.48. Following the completion of the transaction, the vice president now directly owns 730 shares of the company’s stock, valued at approximately $68,357.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert Holmes Swan acquired 2,941 shares of NIKE stock in a transaction that occurred on Friday, June 28th. The stock was purchased at an average cost of $77.02 per share, with a total value of $226,515.82. Following the completion of the purchase, the director now owns 20,946 shares in the company, valued at approximately $1,613,260.92. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 213,660 shares of company stock valued at $19,946,333. 0.50% of the stock is owned by insiders.

About NIKE

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.