33,000 Shares in NIKE, Inc. (NYSE:NKE) Acquired by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 33,000 shares of the footwear maker's stock, valued at approximately $2,497,000.

Other large investors also recently bought and sold shares of the company. Pacer Advisors Inc. increased its holdings in shares of NIKE by 6,029.6% during the 4th quarter. Pacer Advisors Inc. now owns 6,821,270 shares of the footwear maker's stock valued at $516,166,000 after purchasing an additional 6,709,985 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of NIKE by 18.1% during the 4th quarter. Bank of New York Mellon Corp now owns 20,367,993 shares of the footwear maker's stock worth $1,541,246,000 after acquiring an additional 3,121,929 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of NIKE by 358.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,015,267 shares of the footwear maker's stock worth $228,165,000 after acquiring an additional 2,357,745 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of NIKE during the 4th quarter valued at about $156,438,000. Finally, State Street Corp increased its stake in shares of NIKE by 3.3% in the 3rd quarter. State Street Corp now owns 57,916,789 shares of the footwear maker's stock valued at $5,140,796,000 after purchasing an additional 1,862,021 shares in the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NKE has been the topic of several research analyst reports. Needham & Company LLC dropped their price objective on NIKE from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Monday, March 17th. UBS Group decreased their price objective on shares of NIKE from $73.00 to $66.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Evercore ISI cut their target price 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. BMO Capital Markets decreased their price target on shares of NIKE from $95.00 to $92.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Finally, Bank of America cut their price objective on NIKE from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Fifteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, NIKE currently has a consensus rating of "Moderate Buy" and an average target price of $87.38.

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NIKE Trading Down 3.8 %

NYSE NKE traded down $2.48 during trading hours on Friday, reaching $63.32. The company had a trading volume of 19,564,094 shares, compared to its average volume of 12,930,854. NIKE, Inc. has a 1-year low of $63.14 and a 1-year high of $98.04. The stock has a market capitalization of $93.65 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. The stock has a 50-day moving average of $74.16 and a 200 day moving average of $76.93. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.26. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $11.27 billion during the quarter, compared to analysts' expectations of $11.02 billion. During the same quarter last year, the company posted $0.98 EPS. The firm's quarterly revenue was down 9.1% on a year-over-year basis. As a group, research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE's payout ratio is 53.16%.

Insider Activity at NIKE

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the sale, the chairman now directly owns 896,632 shares in the company, valued at $65,301,708.56. This represents a 15.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by company insiders.

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.