NIKE, Inc. (NYSE:NKE) Stock Holdings Increased by FIL Ltd

FIL Ltd raised its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 21.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,265,182 shares of the footwear maker's stock after acquiring an additional 219,511 shares during the quarter. FIL Ltd owned approximately 0.09% of NIKE worth $95,736,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank purchased a new stake in shares of NIKE in the fourth quarter valued at $1,126,288,000. Wellington Management Group LLP boosted its stake in NIKE by 32.4% in the 4th 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 during the last quarter. Pacer Advisors Inc. grew its holdings in NIKE by 6,029.6% in the 4th quarter. Pacer Advisors Inc. now owns 6,821,270 shares of the footwear maker's stock valued at $516,166,000 after buying an additional 6,709,985 shares during the period. Bank of New York Mellon Corp lifted its holdings 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 during the period. Finally, Assenagon Asset Management S.A. grew its holdings in NIKE by 358.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,015,267 shares of the footwear maker's stock valued at $228,165,000 after purchasing an additional 2,357,745 shares during the period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Insider Buying and Selling at NIKE

In related news, Director Robert Holmes Swan acquired 8,600 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the purchase, 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 purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction on 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

NIKE Stock Performance

Shares of NKE stock traded up $1.94 on Monday, hitting $56.33. 7,290,035 shares of the stock traded hands, compared to its average volume of 14,012,998. The company's fifty day moving average is $70.03 and its 200 day moving average is $74.83. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $98.04. The company has a market capitalization of $83.32 billion, a PE ratio of 17.39, a PEG ratio of 2.52 and a beta of 1.15. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51.

NIKE (NYSE:NKE - Get Free Report) last released its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, beating 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 firm had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The firm's revenue for the quarter was down 9.1% compared to the same quarter last year. On average, equities research analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced 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 2.84%. NIKE's dividend payout ratio is currently 53.16%.

Analyst Ratings Changes

NKE has been the subject of several research reports. Piper Sandler lowered their price objective on shares of NIKE from $90.00 to $70.00 and set an "overweight" rating for the company in a research note on Friday. Wells Fargo & Company dropped their price target on NIKE from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, March 21st. Stifel Nicolaus reduced their price objective on NIKE from $75.00 to $64.00 and set a "hold" rating on the stock in a research note on Thursday. Telsey Advisory Group reissued a "market perform" rating and set a $80.00 target price on shares of NIKE in a research report on Monday, March 17th. Finally, Truist Financial reduced their price target on shares of NIKE from $90.00 to $82.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Fifteen 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 company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $86.19.

NIKE 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.