NIKE, Inc. (NYSE:NKE) Shares Purchased by AIA Group Ltd

AIA Group Ltd grew its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 20.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,800 shares of the footwear maker's stock after acquiring an additional 10,723 shares during the quarter. AIA Group Ltd's holdings in NIKE were worth $4,828,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Range Financial Group LLC purchased a new stake in shares of NIKE in the fourth quarter valued at $642,000. Cacti Asset Management LLC purchased a new stake in NIKE in the 4th quarter valued at about $9,987,000. Capricorn Fund Managers Ltd acquired a new position in shares of NIKE during the 4th quarter valued at about $5,384,000. Klein Pavlis & Peasley Financial Inc. increased its stake in shares of NIKE by 31.1% during the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker's stock valued at $1,955,000 after acquiring an additional 6,124 shares during the last quarter. Finally, FNY Investment Advisers LLC lifted its holdings in shares of NIKE by 5,745.9% during the 4th quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker's stock worth $654,000 after acquiring an additional 8,504 shares during the period. Institutional investors and hedge funds own 64.25% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Evercore ISI dropped their price target on shares of NIKE from $105.00 to $97.00 and set an "outperform" rating for the company in a research report on Monday, December 16th. Truist Financial dropped their price objective on NIKE from $90.00 to $82.00 and set a "buy" rating for the company in a report on Friday, March 21st. Guggenheim reiterated a "buy" rating and issued a $110.00 target price on shares of NIKE in a report on Wednesday, February 12th. Bank of America dropped their price target on NIKE from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on NIKE from $92.00 to $82.00 and set a "buy" rating on the stock in a research note on Monday, December 16th. Fifteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, NIKE presently has an average rating of "Moderate Buy" and an average price target of $87.38.

NIKE Stock Down 10.7 %

NYSE NKE traded down $6.97 during trading hours on Thursday, reaching $57.99. 42,733,755 shares of the company traded hands, compared to its average volume of 15,254,301. The stock has a market capitalization of $85.77 billion, a PE ratio of 17.90, a PEG ratio of 2.52 and a beta of 1.02. 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, Inc. has a 12 month low of $56.02 and a 12 month high of $98.04. The company has a 50 day moving average of $73.66 and a two-hundred day moving average of $76.64.

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

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend was Monday, March 3rd. NIKE's dividend payout ratio is presently 53.16%.

Insider Buying and Selling at NIKE

In other news, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was 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 approximately $65,301,708.56. This represents a 15.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by 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.