Schroder Investment Management Group Has $144.84 Million Position in NIKE, Inc. (NYSE:NKE)

Schroder Investment Management Group lifted its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 12.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,940,186 shares of the footwear maker's stock after purchasing 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 filing with the SEC.

A number of other hedge funds have also bought and sold shares of NKE. Norges Bank acquired a new position in shares of NIKE in the 4th quarter valued at about $1,126,288,000. Pacer Advisors Inc. boosted its stake in NIKE by 6,029.6% in the fourth quarter. Pacer Advisors Inc. now owns 6,821,270 shares of the footwear maker's stock valued at $516,166,000 after acquiring an additional 6,709,985 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of NIKE by 18.1% during the fourth quarter. Bank of New York Mellon Corp now owns 20,367,993 shares of the footwear maker's stock valued at $1,541,246,000 after purchasing an additional 3,121,929 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of NIKE by 358.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,015,267 shares of the footwear maker's stock worth $228,165,000 after purchasing an additional 2,357,745 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of NIKE in the 4th quarter worth approximately $156,438,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on NKE. Needham & Company LLC lowered their price target on shares of NIKE from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Monday, March 17th. UBS Group decreased their target price on shares of NIKE from $73.00 to $66.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. BMO Capital Markets cut their price target on NIKE from $95.00 to $92.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Jefferies Financial Group upgraded NIKE from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $75.00 to $115.00 in a research report on Monday, February 24th. Finally, Guggenheim reaffirmed a "buy" rating and set a $110.00 target price on shares of NIKE in a research note on Wednesday, February 12th. Fifteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, NIKE currently has an average rating of "Moderate Buy" and a consensus price target of $87.38.

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Insider Activity at NIKE

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the business'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 value of $12,361,581.56. Following the completion of the sale, the chairman now directly owns 896,632 shares of the company's stock, valued at $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by company insiders.

NIKE Stock Up 2.0 %

NIKE stock traded up $1.30 during mid-day trading on Tuesday, hitting $64.78. The company's stock had a trading volume of 13,476,963 shares, compared to its average volume of 12,950,787. 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 $95.81 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. The firm's 50 day moving average is $74.01 and its 200 day moving average is $76.82. NIKE, Inc. has a 52-week low of $62.65 and a 52-week high of $98.04.

NIKE (NYSE:NKE - Get Free Report) last released its 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 during the quarter, compared to the consensus estimate of $11.02 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The company's revenue was down 9.1% compared to the same quarter last year. On average, analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE's dividend payout ratio (DPR) is presently 53.16%.

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.