Handelsbanken Fonder AB Purchases 4,793 Shares of NIKE, Inc. (NYSE:NKE)

Handelsbanken Fonder AB lifted its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 528,938 shares of the footwear maker's stock after buying an additional 4,793 shares during the period. Handelsbanken Fonder AB's holdings in NIKE were worth $40,025,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NKE. Pacer Advisors Inc. increased 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 worth $516,166,000 after purchasing an additional 6,709,985 shares in the last quarter. Loomis Sayles & Co. L P grew its holdings in NIKE by 1,209,638.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 6,508,394 shares of the footwear maker's stock worth $575,342,000 after acquiring an additional 6,507,856 shares during the last quarter. Assenagon Asset Management S.A. increased 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. State Street Corp increased its stake in shares of NIKE by 3.3% in the third quarter. State Street Corp now owns 57,916,789 shares of the footwear maker's stock valued at $5,140,796,000 after buying an additional 1,862,021 shares during the period. Finally, Holocene Advisors LP bought a new position in shares of NIKE during the third quarter worth about $148,635,000. 64.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NKE. Barclays reduced their target price on NIKE from $79.00 to $70.00 and set an "equal weight" rating on the stock in a report on Friday, December 20th. Morgan Stanley lowered their target price on shares of NIKE from $80.00 to $74.00 and set an "equal weight" rating for the company in a research note on Friday, December 20th. Truist Financial cut their price target on shares of NIKE from $97.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Needham & Company LLC reissued a "buy" rating and issued a $84.00 price objective on shares of NIKE in a research report on Friday, February 7th. Finally, TD Cowen dropped their price objective on NIKE from $78.00 to $73.00 and set a "hold" rating on the stock in a research note on Monday, November 18th. Fifteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $88.62.

NIKE Stock Down 0.9 %

Shares of NYSE:NKE traded down $0.73 during mid-day trading on Friday, hitting $76.50. 12,813,494 shares of the company traded hands, compared to its average volume of 13,223,615. The stock has a market cap of $113.15 billion, a P/E ratio of 23.61, a P/E/G ratio of 2.50 and a beta of 1.01. The stock has a 50-day moving average price of $74.33 and a two-hundred day moving average price of $78.05. NIKE, Inc. has a 12-month low of $68.62 and a 12-month high of $106.62. 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 (NYSE:NKE - Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.15. The firm had revenue of $12.35 billion for the quarter, compared to the consensus estimate of $12.11 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 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 EPS. On average, equities research analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE's payout ratio is 49.38%.

Insider Buying and Selling at NIKE

In other NIKE news, Director John W. Rogers, Jr. acquired 2,500 shares of the business's stock in a transaction on Friday, December 27th. The shares were acquired at an average price of $76.65 per share, with a total value of $191,625.00. Following the completion of the transaction, the director now owns 34,403 shares in the company, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Mark G. Parker sold 169,732 shares of the firm'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 directly owns 896,632 shares of the company's stock, 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. Company insiders own 1.10% of the company's stock.

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.