Tokio Marine Asset Management Co. Ltd. Has $13.79 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

Tokio Marine Asset Management Co. Ltd. increased its stake in shares of NIKE, Inc. (NYSE:NKE) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,943 shares of the footwear maker’s stock after buying an additional 2,203 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in NIKE were worth $13,785,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC lifted its holdings 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 buying an additional 200 shares in the last quarter. VitalStone Financial LLC grew its holdings in NIKE by 52.6% during the third quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock valued at $38,000 after purchasing an additional 150 shares during the period. Bruce G. Allen Investments LLC grew its holdings in shares of NIKE by 272.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 514 shares of the footwear maker’s stock valued at $39,000 after buying an additional 376 shares during the period. Triad Wealth Partners LLC bought a new position in NIKE during the second quarter worth about $44,000. Finally, MFA Wealth Advisors LLC acquired a new position in shares of NIKE in the 2nd quarter valued at approximately $46,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on NKE. Evercore ISI cut their price target on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Robert W. Baird boosted their target price on NIKE from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Williams Trading raised NIKE from a “sell” rating to a “buy” rating and raised their price target for the company from $67.00 to $93.00 in a report on Friday, August 16th. Barclays cut their target price on shares of NIKE from $84.00 to $81.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of NIKE from $95.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, October 2nd. Fourteen analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and an average price target of $96.48.

NIKE Price Performance

Shares of NYSE NKE traded down $0.25 during mid-day trading on Thursday, hitting $76.27. 473,203 shares of the stock traded hands, compared to its average volume of 11,450,064. The company has a market cap of $114.36 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 1.86 and a beta of 1.03. NIKE, Inc. has a twelve month low of $70.75 and a twelve month high of $123.39. 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 50 day simple moving average of $81.07 and a two-hundred day simple moving average of $83.44.

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

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.