Tokio Marine Asset Management Co. Ltd. Buys 2,203 Shares of NIKE, Inc. (NYSE:NKE)

Tokio Marine Asset Management Co. Ltd. raised its position in shares of NIKE, Inc. (NYSE:NKE) by 1.4% in the third quarter, HoldingsChannel.com reports. The firm owned 155,943 shares of the footwear maker’s stock after purchasing an additional 2,203 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in NIKE were worth $13,785,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in NKE. Transcendent Capital Group LLC grew its position in shares of 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 during the period. VitalStone Financial LLC raised its holdings in shares of 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 stake 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 stake in NIKE in the 2nd quarter valued at about $44,000. Finally, MFA Wealth Advisors LLC acquired a new position in NIKE during the 2nd quarter worth approximately $46,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Performance

Shares of NYSE NKE traded down $0.25 during trading on Thursday, reaching $76.27. 473,203 shares of the stock traded hands, compared to its average volume of 11,450,064. The company has a 50-day moving average of $81.07 and a 200-day moving average of $83.44. NIKE, Inc. has a 52-week low of $70.75 and a 52-week high of $123.39. The stock has a market capitalization of $114.36 billion, a P/E ratio of 21.92, a price-to-earnings-growth ratio of 1.86 and a beta of 1.03. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58.

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NKE shares. Piper Sandler reaffirmed a “neutral” rating and set a $80.00 target price on shares of NIKE in a research report on Friday, September 20th. Deutsche Bank Aktiengesellschaft dropped their price objective 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. Williams Trading raised shares of NIKE from a “sell” rating to a “buy” rating and boosted their target price for the stock from $67.00 to $93.00 in a research report on Friday, August 16th. Jefferies Financial Group lifted their price target on NIKE from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Monday, September 30th. Finally, Truist Financial raised NIKE from a “hold” rating to a “buy” rating and increased their price objective for the stock from $83.00 to $97.00 in a research note on Thursday, October 10th. Fourteen analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $96.48.

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.