ING Groep NV Has $13.80 Million Stock Position in NIKE, Inc. (NYSE:NKE)

ING Groep NV reduced its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 45.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 182,330 shares of the footwear maker's stock after selling 152,833 shares during the period. ING Groep NV's holdings in NIKE were worth $13,797,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. State Street Corp grew its stake in shares of NIKE by 3.3% in the 3rd quarter. State Street Corp now owns 57,916,789 shares of the footwear maker's stock valued at $5,140,796,000 after purchasing an additional 1,862,021 shares during the period. Wellington Management Group LLP grew its position in NIKE by 5.1% during the 3rd quarter. Wellington Management Group LLP now owns 27,442,145 shares of the footwear maker's stock worth $2,425,886,000 after acquiring an additional 1,343,093 shares during the last quarter. Geode Capital Management LLC grew its position in NIKE by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 25,029,380 shares of the footwear maker's stock worth $2,204,451,000 after acquiring an additional 251,411 shares during the last quarter. Fisher Asset Management LLC grew its position in NIKE by 6.0% during the 3rd quarter. Fisher Asset Management LLC now owns 10,303,182 shares of the footwear maker's stock worth $910,801,000 after acquiring an additional 583,207 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in NIKE by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,602,534 shares of the footwear maker's stock worth $760,716,000 after acquiring an additional 117,187 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

NIKE Stock Down 0.9 %

NKE stock traded down $0.73 during trading hours on Friday, reaching $76.50. 12,813,494 shares of the stock were exchanged, compared to its average volume of 13,223,615. The company has a market cap of $113.15 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 2.50 and a beta of 1.01. The firm's 50-day moving average is $74.33 and its 200-day moving average is $78.05. 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, Inc. has a 12 month low of $68.62 and a 12 month high of $106.62.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.15. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business had revenue of $12.35 billion during the quarter, compared to analysts' expectations of $12.11 billion. During the same quarter last year, the company posted $1.03 earnings per share. NIKE's quarterly revenue was down 7.7% on a year-over-year basis. On average, equities research analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Monday, March 3rd. NIKE's payout ratio is currently 49.38%.

Insider Buying and Selling

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chairman now directly owns 896,632 shares in the company, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John W. Rogers, Jr. acquired 2,500 shares of the business's stock in a transaction on Friday, December 27th. The shares were bought 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 directly owns 34,403 shares of the company's stock, valued at approximately $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Truist Financial decreased their price target on NIKE from $97.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Morgan Stanley decreased their price objective on NIKE from $80.00 to $74.00 and set an "equal weight" rating on the stock in a research report on Friday, December 20th. BMO Capital Markets increased their price objective on NIKE from $92.00 to $95.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Telsey Advisory Group reiterated a "market perform" rating and issued a $80.00 price objective on shares of NIKE in a research report on Wednesday. Finally, TD Cowen decreased their price objective on NIKE from $78.00 to $73.00 and set a "hold" rating on the stock in a research report on Monday, November 18th. Fifteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $88.62.

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.