Mizuho Securities Co. Ltd. Has $37,000 Stake in NIKE, Inc. (NYSE:NKE)

Mizuho Securities Co. Ltd. lifted its position in shares of NIKE, Inc. (NYSE:NKE) by 100.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 340 shares of the footwear maker’s stock after purchasing an additional 170 shares during the quarter. Mizuho Securities Co. Ltd.’s holdings in NIKE were worth $37,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. FMR LLC raised its position in NIKE by 0.7% in the 3rd quarter. FMR LLC now owns 18,502,409 shares of the footwear maker’s stock valued at $1,769,200,000 after buying an additional 125,746 shares during the last quarter. Northern Trust Corp raised its position in NIKE by 4.5% in the 3rd quarter. Northern Trust Corp now owns 15,557,676 shares of the footwear maker’s stock valued at $1,487,625,000 after buying an additional 674,198 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in NIKE by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,200,932 shares of the footwear maker’s stock valued at $766,829,000 after buying an additional 89,947 shares during the last quarter. Newport Trust Company LLC purchased a new stake in NIKE in the 3rd quarter valued at $679,775,000. Finally, Massachusetts Financial Services Co. MA increased its position in shares of NIKE by 37.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,791,531 shares of the footwear maker’s stock valued at $553,786,000 after purchasing an additional 1,583,541 shares during the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Trading Down 0.2 %

NIKE stock traded down $0.15 during trading hours on Tuesday, reaching $94.04. The company had a trading volume of 6,579,633 shares, compared to its average volume of 9,562,076. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. The company has a 50-day moving average price of $97.63 and a 200 day moving average price of $103.44. The firm has a market cap of $141.94 billion, a price-to-earnings ratio of 27.66, a P/E/G ratio of 1.82 and a beta of 1.09. NIKE, Inc. has a 12-month low of $88.66 and a 12-month high of $128.68.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. The firm had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. Equities analysts forecast that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.57%. NIKE’s dividend payout ratio is currently 43.53%.

Analyst Ratings Changes

Several research firms have recently weighed in on NKE. Jefferies Financial Group cut their price target on NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, March 22nd. Williams Trading reiterated a “sell” rating and set a $85.00 price target (down previously from $92.00) on shares of NIKE in a research note on Monday, March 18th. Evercore ISI cut their price target on NIKE from $127.00 to $117.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. Telsey Advisory Group cut their price target on NIKE from $140.00 to $120.00 and set an “outperform” rating for the company in a research note on Monday, March 18th. Finally, Morgan Stanley cut their target price on NIKE from $124.00 to $116.00 and set an “overweight” rating for the company in a research note on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $116.26.

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.