Capital International Sarl Raises Position in NIKE, Inc. (NYSE:NKE)

Capital International Sarl raised its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 9.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 254,888 shares of the footwear maker's stock after acquiring an additional 22,869 shares during the quarter. Capital International Sarl's holdings in NIKE were worth $19,287,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in NIKE in the 4th quarter valued at $1,126,288,000. Wellington Management Group LLP lifted its stake in shares of NIKE by 32.4% in 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 buying an additional 8,898,591 shares in the last quarter. Pacer Advisors Inc. boosted its position in NIKE by 6,029.6% during the fourth quarter. Pacer Advisors Inc. now owns 6,821,270 shares of the footwear maker's stock worth $516,166,000 after acquiring an additional 6,709,985 shares during the last quarter. Bank of New York Mellon Corp grew its stake in 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 valued at $1,541,246,000 after acquiring an additional 3,121,929 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in NIKE by 1,302.7% in the 4th quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock worth $196,901,000 after purchasing an additional 2,416,601 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Stifel Nicolaus cut their price target on NIKE from $75.00 to $64.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Barclays cut their target price on NIKE from $79.00 to $70.00 and set an "equal weight" rating for the company in a research note on Friday, December 20th. UBS Group lowered their price target on shares of NIKE from $73.00 to $66.00 and set a "neutral" rating on the stock in a research report on Friday, March 21st. Robert W. Baird cut their price objective on shares of NIKE from $105.00 to $99.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. decreased their target price on shares of NIKE from $73.00 to $64.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Sixteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, NIKE currently has an average rating of "Moderate Buy" and an average price target of $85.15.

NIKE Stock Up 4.1 %

Shares of NYSE:NKE opened at $55.73 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $98.04. The stock 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. The firm's 50 day moving average price is $68.71 and its 200 day moving average price is $74.09.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.26. The business 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 company's revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 EPS. As a group, equities research analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors 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 2.87%. The ex-dividend date of this dividend was Monday, March 3rd. NIKE's dividend payout ratio (DPR) is 53.16%.

Insider Buying and Selling at NIKE

In related news, Director Robert Holmes Swan purchased 8,600 shares of NIKE stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average cost of $58.46 per share, with a total value of $502,756.00. Following the completion of the transaction, the director now directly owns 31,983 shares in the company, valued at approximately $1,869,726.18. The trade was a 36.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the transaction, the chairman now directly owns 896,632 shares in the company, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently 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.

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