NIKE, Inc. (NYSE:NKE) Shares Acquired by Schroder Investment Management Group

Schroder Investment Management Group boosted its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 12.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,940,186 shares of the footwear maker's stock after acquiring an additional 221,349 shares during the period. Schroder Investment Management Group owned about 0.13% of NIKE worth $144,835,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Range Financial Group LLC acquired a new position in shares of NIKE during the fourth quarter worth $642,000. Cacti Asset Management LLC purchased a new position in NIKE in the fourth quarter valued at approximately $9,987,000. Capricorn Fund Managers Ltd acquired a new stake in NIKE during the fourth quarter worth approximately $5,384,000. Klein Pavlis & Peasley Financial Inc. lifted its position in shares of NIKE by 31.1% during the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker's stock worth $1,955,000 after buying an additional 6,124 shares during the last quarter. Finally, FNY Investment Advisers LLC boosted its holdings in shares of NIKE by 5,745.9% in the 4th quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker's stock valued at $654,000 after buying an additional 8,504 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NIKE

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the business's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by company insiders.

NIKE Price Performance

Shares of NYSE NKE traded down $6.96 during trading on Thursday, hitting $58.00. 34,778,640 shares of the company were exchanged, compared to its average volume of 13,062,453. The firm's fifty day moving average price is $73.66 and its 200 day moving average price is $76.64. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The company has a market cap of $85.79 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 2.52 and a beta of 1.02. NIKE, Inc. has a 1 year low of $55.26 and a 1 year high of $98.04.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 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 firm had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.02 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The firm's revenue was down 9.1% on a year-over-year basis. On average, sell-side analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The company 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 dividend yield of 2.76%. The ex-dividend date was Monday, March 3rd. NIKE's dividend payout ratio is currently 53.16%.

Analysts Set New Price Targets

NKE has been the topic of several research analyst reports. Telsey Advisory Group reiterated a "market perform" rating and set a $80.00 price target on shares of NIKE in a research note on Monday, March 17th. Barclays reduced their target price on NIKE from $79.00 to $70.00 and set an "equal weight" rating for the company in a report on Friday, December 20th. Jefferies Financial Group upgraded NIKE from a "hold" rating to a "buy" rating and raised their price target for the stock from $75.00 to $115.00 in a research note on Monday, February 24th. Truist Financial reduced their price objective on NIKE from $90.00 to $82.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Finally, Guggenheim restated a "buy" rating and set a $110.00 target price on shares of NIKE in a research report on Wednesday, February 12th. Fifteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, NIKE has a consensus rating of "Moderate Buy" and a consensus target price of $87.38.

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.