B. Metzler seel. Sohn & Co. Holding AG Makes New $144.93 Million Investment in NIKE, Inc. (NYSE:NKE)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of NIKE, Inc. (NYSE:NKE) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 1,639,451 shares of the footwear maker’s stock, valued at approximately $144,927,000. NIKE accounts for about 1.4% of B. Metzler seel. Sohn & Co. Holding AG’s holdings, making the stock its 14th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC boosted its stake in NIKE by 97.6% during the 1st quarter. Transcendent Capital Group LLC now owns 405 shares of the footwear maker’s stock worth $38,000 after purchasing an additional 200 shares during the last quarter. VitalStone Financial LLC boosted its stake in NIKE by 52.6% during the 3rd quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock worth $38,000 after purchasing an additional 150 shares during the last quarter. Bruce G. Allen Investments LLC boosted its stake in NIKE by 272.5% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 514 shares of the footwear maker’s stock worth $39,000 after purchasing an additional 376 shares during the last quarter. Triad Wealth Partners LLC acquired a new stake in NIKE during the 2nd quarter worth $44,000. Finally, Riverview Trust Co acquired a new stake in NIKE during the 3rd quarter worth $52,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on NKE shares. Morgan Stanley lifted their target price on shares of NIKE from $79.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. UBS Group lifted their price target on NIKE from $78.00 to $82.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Piper Sandler reiterated a “neutral” rating and set a $80.00 price target on shares of NIKE in a report on Friday, September 20th. Truist Financial upgraded NIKE from a “hold” rating to a “buy” rating and lifted their price target for the stock from $83.00 to $97.00 in a report on Thursday, October 10th. Finally, Telsey Advisory Group reduced their price target on NIKE from $100.00 to $96.00 and set an “outperform” rating on the stock in a report on Wednesday, October 2nd. Fourteen analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $96.30.

NIKE Stock Down 2.3 %

Shares of NYSE:NKE opened at $74.86 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58. The firm has a market capitalization of $112.24 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 1.86 and a beta of 1.03. The firm’s 50-day moving average is $80.79 and its two-hundred day moving average is $83.03. NIKE, Inc. has a 1 year low of $70.75 and a 1 year high of $123.39.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.18. The company had revenue of $11.59 billion for the quarter, compared to analyst estimates of $11.64 billion. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 earnings per share. Analysts predict that NIKE, Inc. will post 2.74 EPS for the current year.

NIKE Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, December 2nd. This is a positive change from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a yield of 2.14%. NIKE’s dividend payout ratio is 42.41%.

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.