OPTIMAS CAPITAL Ltd Has $2.15 Million Stock Holdings in NIKE, Inc. $NKE

OPTIMAS CAPITAL Ltd lifted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 34.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,800 shares of the footwear maker’s stock after purchasing an additional 7,900 shares during the quarter. NIKE makes up about 1.4% of OPTIMAS CAPITAL Ltd’s holdings, making the stock its 22nd biggest position. OPTIMAS CAPITAL Ltd’s holdings in NIKE were worth $2,148,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of NIKE by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 113,823,785 shares of the footwear maker’s stock worth $8,086,042,000 after acquiring an additional 672,705 shares in the last quarter. State Street Corp lifted its holdings in NIKE by 2.8% in the 2nd quarter. State Street Corp now owns 59,154,159 shares of the footwear maker’s stock worth $4,225,441,000 after purchasing an additional 1,590,603 shares during the last quarter. Invesco Ltd. lifted its holdings in NIKE by 66.1% in the 2nd quarter. Invesco Ltd. now owns 12,157,198 shares of the footwear maker’s stock worth $863,647,000 after purchasing an additional 4,840,114 shares during the last quarter. Jennison Associates LLC boosted its position in NIKE by 42.3% during the third quarter. Jennison Associates LLC now owns 11,838,528 shares of the footwear maker’s stock worth $825,501,000 after purchasing an additional 3,518,666 shares during the period. Finally, Norges Bank acquired a new position in NIKE during the second quarter valued at approximately $835,063,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Performance

NYSE NKE opened at $63.91 on Monday. The company’s fifty day moving average is $63.85 and its two-hundred day moving average is $68.24. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $82.44. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.06 and a quick ratio of 1.40. The firm has a market capitalization of $94.61 billion, a price-to-earnings ratio of 37.59, a P/E/G ratio of 3.27 and a beta of 1.27.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, December 18th. The footwear maker reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.16. NIKE had a net margin of 5.43% and a return on equity of 18.43%. The business had revenue of $12.43 billion during the quarter, compared to analyst estimates of $12.19 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. Equities research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 1st were given a $0.41 dividend. The ex-dividend date was Monday, December 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.6%. This is an increase from NIKE’s previous quarterly dividend of $0.40. NIKE’s dividend payout ratio is 96.47%.

Insider Transactions at NIKE

In other news, CEO Elliott Hill acquired 16,388 shares of the stock in a transaction dated Monday, December 29th. The shares were acquired at an average cost of $61.10 per share, for a total transaction of $1,001,306.80. Following the completion of the transaction, the chief executive officer owned 241,587 shares in the company, valued at approximately $14,760,965.70. This trade represents a 7.28% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Mark G. Parker sold 86,078 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $64.80, for a total value of $5,577,854.40. Following the completion of the transaction, the chairman owned 647,615 shares of the company’s stock, valued at $41,965,452. The trade was a 11.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders purchased a total of 75,079 shares of company stock worth $4,449,887 over the last quarter. 0.80% of the stock is owned by company insiders.

Analyst Ratings Changes

NKE has been the subject of a number of analyst reports. DZ Bank restated a “buy” rating on shares of NIKE in a research note on Friday, December 19th. Needham & Company LLC downgraded shares of NIKE from a “buy” rating to a “hold” rating in a report on Thursday, January 8th. UBS Group reissued a “neutral” rating on shares of NIKE in a research report on Monday, January 5th. Sanford C. Bernstein restated a “buy” rating and set a $85.00 price target on shares of NIKE in a report on Tuesday, January 6th. Finally, Berenberg Bank reiterated a “neutral” rating and issued a $70.00 price objective on shares of NIKE in a research note on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.61.

NIKE Company Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).