Mizuho Securities USA LLC Has $6 Million Holdings in NIKE, Inc. (NYSE:NKE)

Mizuho Securities USA LLC cut its holdings in NIKE, Inc. (NYSE:NKE) by 16.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,582 shares of the footwear maker’s stock after selling 18,260 shares during the quarter. Mizuho Securities USA LLC’s holdings in NIKE were worth $6,004,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NKE. Spire Wealth Management raised its position in shares of NIKE by 4.4% during the first quarter. Spire Wealth Management now owns 9,872 shares of the footwear maker’s stock worth $627,000 after acquiring an additional 416 shares during the last quarter. Capitolis Liquid Global Markets LLC raised its position in shares of NIKE by 40.9% during the fourth quarter. Capitolis Liquid Global Markets LLC now owns 310,000 shares of the footwear maker’s stock worth $23,458,000 after acquiring an additional 90,000 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of NIKE by 8.3% during the fourth quarter. Janus Henderson Group PLC now owns 6,081,021 shares of the footwear maker’s stock worth $460,160,000 after acquiring an additional 463,470 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of NIKE by 0.6% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,008,340 shares of the footwear maker’s stock worth $69,932,000 after acquiring an additional 5,601 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its position in shares of NIKE by 3.3% during the fourth quarter. Evergreen Capital Management LLC now owns 237,199 shares of the footwear maker’s stock worth $18,042,000 after acquiring an additional 7,536 shares during the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Chairman Mark G. Parker sold 110,000 shares of the company’s stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the transaction, the chairman owned 842,361 shares of the company’s stock, valued at $60,894,276.69. This represents a 11.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.80% of the company’s stock.

NIKE Stock Down 0.2%

NKE stock opened at $74.17 on Friday. The stock’s fifty day simple moving average is $69.70 and its two-hundred day simple moving average is $67.60. The company has a current ratio of 2.21, a quick ratio of 1.50 and a debt-to-equity ratio of 0.60. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $90.62. The stock has a market cap of $109.54 billion, a P/E ratio of 34.34, a P/E/G ratio of 2.70 and a beta of 1.27.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. NIKE had a return on equity of 23.33% and a net margin of 6.95%. The business had revenue of $11.10 billion for the quarter, compared to analysts’ expectations of $10.69 billion. During the same quarter in the previous year, the firm earned $0.99 earnings per share. The business’s revenue was down 11.9% on a year-over-year basis. Analysts expect that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.60 annualized dividend and a yield of 2.2%. NIKE’s payout ratio is currently 74.07%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NKE shares. HSBC upgraded NIKE from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Friday, June 27th. Williams Trading lowered their price objective on NIKE from $93.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, April 21st. DZ Bank downgraded NIKE from a “buy” rating to a “hold” rating and set a $76.00 target price for the company. in a report on Thursday, July 10th. Citigroup lifted their target price on NIKE from $57.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, June 27th. Finally, Berenberg Bank began coverage on NIKE in a report on Tuesday, April 15th. They issued a “hold” rating and a $58.00 target price for the company. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.22.

NIKE Company 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.