335,163 Shares in NIKE, Inc. (NYSE:NKE) Acquired by ING Groep NV

ING Groep NV purchased a new stake in NIKE, Inc. (NYSE:NKE) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 335,163 shares of the footwear maker’s stock, valued at approximately $29,628,000.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in NIKE by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 110,044,821 shares of the footwear maker’s stock worth $10,342,012,000 after purchasing an additional 501,792 shares during the period. Legal & General Group Plc raised its position in NIKE by 5.5% in the 2nd quarter. Legal & General Group Plc now owns 11,049,294 shares of the footwear maker’s stock valued at $832,785,000 after buying an additional 571,544 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in NIKE by 0.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,025,616 shares of the footwear maker’s stock valued at $454,151,000 after acquiring an additional 52,500 shares in the last quarter. Longview Partners Guernsey LTD acquired a new position in NIKE during the 1st quarter worth approximately $533,533,000. Finally, Capital World Investors grew its stake in shares of NIKE by 612.2% during the 1st quarter. Capital World Investors now owns 5,185,432 shares of the footwear maker’s stock worth $487,327,000 after acquiring an additional 4,457,376 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Trading Up 0.4 %

NIKE stock traded up $0.32 during trading hours on Thursday, hitting $76.84. The stock had a trading volume of 1,966,448 shares, compared to its average volume of 11,456,821. The business’s 50 day simple moving average is $81.07 and its 200-day simple moving average is $83.44. NIKE, Inc. has a one year low of $70.75 and a one year high of $123.39. The stock has a market cap of $115.21 billion, a price-to-earnings ratio of 21.92, a P/E/G ratio of 1.86 and a beta of 1.03. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.57.

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

Wall Street Analyst Weigh In

NKE has been the topic of a number of research reports. Barclays cut their price objective on shares of NIKE from $84.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 2nd. Jefferies Financial Group increased their price objective on shares of NIKE from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Monday, September 30th. Royal Bank of Canada decreased their price objective on NIKE from $82.00 to $80.00 and set a “sector perform” rating for the company in a report on Thursday, November 7th. Morgan Stanley upped their target price on NIKE from $79.00 to $82.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Finally, Telsey Advisory Group decreased their price target on NIKE from $100.00 to $96.00 and set an “outperform” rating for the company in a research note on Wednesday, October 2nd. Fourteen investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $96.48.

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.