Mirae Asset Global Investments Co. Ltd. Buys 30,958 Shares of NIKE, Inc. (NYSE:NKE)

Mirae Asset Global Investments Co. Ltd. grew its position in shares of NIKE, Inc. (NYSE:NKE) by 18.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 203,032 shares of the footwear maker’s stock after purchasing an additional 30,958 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in NIKE were worth $15,339,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in NKE. Y.D. More Investments Ltd boosted its position in shares of NIKE by 4.3% during the 4th quarter. Y.D. More Investments Ltd now owns 7,300 shares of the footwear maker’s stock valued at $552,000 after acquiring an additional 300 shares during the last quarter. Mather Group LLC. raised its stake in NIKE by 14.4% during the fourth quarter. Mather Group LLC. now owns 30,012 shares of the footwear maker’s stock valued at $2,271,000 after purchasing an additional 3,782 shares in the last quarter. Commonwealth Financial Services LLC bought a new position in NIKE during the fourth quarter valued at $208,000. Tempus Wealth Planning LLC grew its stake in shares of NIKE by 19.2% in the 4th quarter. Tempus Wealth Planning LLC now owns 5,834 shares of the footwear maker’s stock worth $441,000 after buying an additional 940 shares in the last quarter. Finally, Calamos Advisors LLC increased its holdings in shares of NIKE by 30.9% in the 4th quarter. Calamos Advisors LLC now owns 349,898 shares of the footwear maker’s stock worth $26,477,000 after buying an additional 82,500 shares during the last quarter. 64.25% of the stock is owned by institutional investors.

Insider Activity

In other news, Director John W. Rogers, Jr. acquired 2,500 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were acquired at an average price of $76.65 per share, with a total value of $191,625.00. Following the purchase, the director now directly owns 34,403 shares of the company’s stock, valued at $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

NIKE Stock Performance

Shares of NIKE stock opened at $74.60 on Thursday. The company has a market capitalization of $110.34 billion, a PE ratio of 23.02, a P/E/G ratio of 2.50 and a beta of 1.01. The company has a 50-day simple moving average of $75.53 and a two-hundred day simple moving average of $78.12. NIKE, Inc. has a one year low of $70.32 and a one year high of $107.43. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping the consensus estimate of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $12.35 billion during the quarter, compared to analyst estimates of $12.11 billion. During the same quarter in the previous year, the business posted $1.03 EPS. NIKE’s revenue was down 7.7% on a year-over-year basis. Research analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.14%. This is a boost from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, December 2nd. NIKE’s payout ratio is presently 49.38%.

Analyst Ratings Changes

NKE has been the subject of several recent research reports. Bank of America dropped their price target on NIKE from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, December 20th. DA Davidson raised NIKE to a “strong-buy” rating in a research report on Monday, December 23rd. Barclays decreased their price target on NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Evercore ISI dropped their price objective on shares of NIKE from $105.00 to $97.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of NIKE from $92.00 to $82.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. Fourteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, NIKE presently has a consensus rating of “Moderate Buy” and an average price target of $89.77.

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.