Mawer Investment Management Ltd. lowered its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,401,698 shares of the footwear maker's stock after selling 74,374 shares during the quarter. Mawer Investment Management Ltd. owned about 0.09% of NIKE worth $106,066,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Life Planning Partners Inc acquired a new position in shares of NIKE during the fourth quarter worth about $11,183,000. Schroder Investment Management Group increased its position in NIKE by 12.9% during the 4th quarter. Schroder Investment Management Group now owns 1,940,186 shares of the footwear maker's stock worth $144,835,000 after purchasing an additional 221,349 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of NIKE by 7,238.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,627,424 shares of the footwear maker's stock worth $123,147,000 after buying an additional 1,605,248 shares in the last quarter. MV Capital Management Inc. lifted its holdings in shares of NIKE by 5.6% in the 4th quarter. MV Capital Management Inc. now owns 5,930 shares of the footwear maker's stock valued at $449,000 after buying an additional 316 shares during the period. Finally, Allianz SE purchased a new stake in shares of NIKE in the fourth quarter valued at approximately $9,998,000. Institutional investors and hedge funds own 64.25% of the company's stock.
NIKE Stock Performance
NYSE:NKE traded up $0.28 during trading hours on Monday, reaching $63.57. 17,383,717 shares of the stock were exchanged, compared to its average volume of 12,948,665. The stock has a market capitalization of $94.02 billion, a P/E ratio of 19.62, a P/E/G ratio of 2.52 and a beta of 1.02. The firm has a 50 day simple moving average of $74.16 and a 200-day simple moving average of $76.92. 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 52 week low of $62.41 and a 52 week high of $98.04.
NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.26. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.02 billion. During the same period last year, the firm posted $0.98 EPS. The company's revenue for the quarter was down 9.1% on a year-over-year basis. As a group, sell-side analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.
NIKE Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a $0.40 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 2.52%. NIKE's dividend payout ratio is presently 53.16%.
Wall Street Analyst Weigh In
NKE has been the topic of several research analyst reports. Needham & Company LLC decreased their target price on shares of NIKE from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Robert W. Baird lowered their target price on shares of NIKE from $105.00 to $99.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Morgan Stanley reduced their price target on shares of NIKE from $72.00 to $70.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. Guggenheim restated a "buy" rating and issued a $110.00 price target on shares of NIKE in a report on Wednesday, February 12th. Finally, Cfra Research raised NIKE to a "moderate buy" rating in a report on Friday, March 21st. Fifteen investment 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.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $87.38.
Get Our Latest Analysis on NIKE
Insider Buying and Selling at NIKE
In related news, Chairman Mark G. Parker sold 169,732 shares of the company's stock in a transaction dated 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 completion of the sale, the chairman now owns 896,632 shares of the company's stock, valued at $65,301,708.56. This represents a 15.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.
About NIKE
(
Free Report)
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.
See Also
Before you consider NIKE, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NIKE wasn't on the list.
While NIKE currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
