Bank Hapoalim BM Makes New Investment in NIKE, Inc. $NKE

Bank Hapoalim BM bought a new position in shares of NIKE, Inc. (NYSE:NKE) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 3,867 shares of the footwear maker’s stock, valued at approximately $275,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in NIKE by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 113,151,080 shares of the footwear maker’s stock worth $7,182,831,000 after buying an additional 4,957,494 shares during the period. Wellington Management Group LLP lifted its stake in shares of NIKE by 24.9% in the 1st quarter. Wellington Management Group LLP now owns 45,383,916 shares of the footwear maker’s stock valued at $2,880,971,000 after purchasing an additional 9,043,180 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of NIKE by 344.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 26,698,835 shares of the footwear maker’s stock valued at $1,694,842,000 after purchasing an additional 20,688,013 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of NIKE by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 20,988,207 shares of the footwear maker’s stock valued at $1,332,331,000 after purchasing an additional 620,214 shares during the period. Finally, Flossbach Von Storch SE lifted its stake in shares of NIKE by 24.0% in the 1st quarter. Flossbach Von Storch SE now owns 10,286,619 shares of the footwear maker’s stock valued at $652,995,000 after purchasing an additional 1,988,547 shares during the period. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Stock Performance

Shares of NIKE stock opened at $72.01 on Friday. NIKE, Inc. has a one year low of $52.28 and a one year high of $84.76. The firm has a market capitalization of $106.34 billion, a price-to-earnings ratio of 36.93, a PEG ratio of 2.75 and a beta of 1.29. The business has a 50-day simple moving average of $74.62 and a 200 day simple moving average of $67.31. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.50.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22. The firm had revenue of $11.72 billion during the quarter, compared to analyst estimates of $10.96 billion. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 EPS. On average, research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, September 2nd. NIKE’s payout ratio is currently 82.05%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NKE shares. Cowen raised NIKE from a “hold” rating to a “buy” rating in a research note on Wednesday, September 10th. Barclays set a $70.00 price objective on NIKE and gave the company a “positive” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft dropped their price objective on NIKE from $77.00 to $71.00 and set a “buy” rating on the stock in a research note on Friday, June 20th. Piper Sandler set a $84.00 price objective on NIKE and gave the company an “overweight” rating in a research note on Wednesday. Finally, HSBC raised NIKE from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Friday, June 27th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $81.57.

Insider Buying and Selling

In other NIKE news, Chairman Mark G. Parker sold 86,078 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the completion of the sale, the chairman directly owned 744,988 shares of the company’s stock, valued at approximately $56,566,938.84. The trade was a 10.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

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.