Aware Super Pty Ltd as trustee of Aware Super Makes New Investment in NIKE, Inc. (NYSE:NKE)

Aware Super Pty Ltd as trustee of Aware Super bought a new position in NIKE, Inc. (NYSE:NKE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 112,887 shares of the footwear maker's stock, valued at approximately $8,542,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Heck Capital Advisors LLC purchased a new position in shares of NIKE in the fourth quarter worth $28,000. Caitlin John LLC boosted its holdings in shares of NIKE by 117.0% during the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock worth $28,000 after purchasing an additional 200 shares during the period. Roxbury Financial LLC bought a new stake in shares of NIKE in the fourth quarter worth about $30,000. LFA Lugano Financial Advisors SA increased its holdings in NIKE by 110.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after purchasing an additional 210 shares during the period. Finally, Hopwood Financial Services Inc. bought a new position in NIKE during the 4th quarter valued at approximately $30,000. 64.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. UBS Group decreased their target price on NIKE from $73.00 to $66.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Wells Fargo & Company dropped their target price on shares of NIKE from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, March 21st. Jefferies Financial Group upgraded shares of NIKE from a "hold" rating to a "buy" rating and boosted their price target for the company from $75.00 to $115.00 in a research report on Monday, February 24th. Telsey Advisory Group restated a "market perform" rating and issued a $80.00 price objective on shares of NIKE in a report on Monday, March 17th. Finally, Truist Financial decreased their target price on NIKE from $90.00 to $82.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Sixteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $85.15.

NIKE Price Performance

NIKE stock traded up $2.18 during mid-day trading on Friday, hitting $55.73. The stock had a trading volume of 18,891,139 shares, compared to its average volume of 14,180,177. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The firm's 50 day moving average is $68.71 and its 200 day moving average is $74.09. The firm has a market capitalization of $82.44 billion, a P/E ratio of 17.20, a P/E/G ratio of 2.52 and a beta of 1.15. NIKE, Inc. has a one year low of $52.28 and a one year high of $98.04.

NIKE (NYSE:NKE - Get Free Report) last issued its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.26. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.02 billion. During the same quarter last year, the company earned $0.98 EPS. The firm's quarterly revenue was down 9.1% on a year-over-year basis. On average, sell-side analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.87%. NIKE's dividend payout ratio is currently 53.16%.

Insiders Place Their Bets

In related news, 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 value of $12,361,581.56. Following the sale, the chairman now owns 896,632 shares in the company, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert Holmes Swan acquired 8,600 shares of the stock in a transaction on Friday, April 4th. The shares were acquired at an average price of $58.46 per share, with a total value of $502,756.00. Following the transaction, the director now directly owns 31,983 shares of the company's stock, valued at $1,869,726.18. The trade was a 36.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company's stock.

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.