Altshuler Shaham Ltd Has $3.30 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

Altshuler Shaham Ltd grew its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 42.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,654 shares of the footwear maker's stock after purchasing an additional 13,095 shares during the quarter. Altshuler Shaham Ltd's holdings in NIKE were worth $3,303,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP lifted its stake in NIKE by 32.4% during the fourth quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker's stock worth $2,749,903,000 after purchasing an additional 8,898,591 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of NIKE by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 25,376,558 shares of the footwear maker's stock worth $1,915,110,000 after purchasing an additional 347,178 shares during the period. Bank of New York Mellon Corp lifted its position in shares of NIKE by 18.1% in 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 buying an additional 3,121,929 shares during the last quarter. Norges Bank bought a new stake in shares of NIKE during the 4th quarter valued at about $1,126,288,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in NIKE by 7.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,205,753 shares of the footwear maker's stock worth $696,599,000 after acquiring an additional 603,219 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Guggenheim reiterated a "buy" rating and set a $110.00 price target on shares of NIKE in a research report on Wednesday, February 12th. Berenberg Bank started coverage on NIKE in a research note on Tuesday. They issued a "hold" rating and a $58.00 target price on the stock. UBS Group lowered their price target on shares of NIKE from $73.00 to $66.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. DA Davidson raised shares of NIKE to a "strong-buy" rating in a report on Monday, December 23rd. Finally, Piper Sandler reduced their target price on shares of NIKE from $90.00 to $70.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Sixteen investment 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. According to data from MarketBeat.com, NIKE currently has a consensus rating of "Moderate Buy" and an average target price of $85.15.

Insider Transactions at NIKE

In related news, Director Robert Holmes Swan bought 8,600 shares of the business's stock in a transaction on Friday, April 4th. The stock was bought at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the transaction, the director now directly owns 31,983 shares in the company, valued at $1,869,726.18. This represents a 36.78 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Mark G. Parker sold 169,732 shares of the business's stock in a transaction 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 transaction, the chairman now owns 896,632 shares in the company, valued at approximately $65,301,708.56. This represents a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

NIKE Trading Up 4.1 %

Shares of NYSE:NKE traded up $2.18 during midday trading on Friday, reaching $55.73. The company had a trading volume of 18,891,139 shares, compared to its average volume of 14,196,646. The company has a fifty day simple moving average of $68.39 and a two-hundred day simple moving average of $73.85. The firm has a market cap of $82.44 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $98.04. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22.

NIKE (NYSE:NKE - Get Free Report) last announced its 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. The company had revenue of $11.27 billion during the quarter, compared to analysts' expectations of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business's revenue for the quarter was down 9.1% on a year-over-year basis. During the same period last year, the company posted $0.98 earnings per share. Research analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Monday, March 3rd. NIKE's dividend payout ratio (DPR) is currently 53.16%.

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.