Seilern Investment Management Ltd Buys Shares of 1,341,368 NIKE, Inc. (NYSE:NKE)

Seilern Investment Management Ltd bought a new position in NIKE, Inc. (NYSE:NKE - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,341,368 shares of the footwear maker's stock, valued at approximately $101,501,000. NIKE accounts for 5.8% of Seilern Investment Management Ltd's holdings, making the stock its 10th biggest holding. Seilern Investment Management Ltd owned 0.09% of NIKE at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. raised its position in shares of NIKE by 9.6% in the 2nd quarter. Pacer Advisors Inc. now owns 107,821 shares of the footwear maker's stock worth $8,126,000 after acquiring an additional 9,471 shares in the last quarter. Sei Investments Co. raised its holdings in NIKE by 26.7% in the second quarter. Sei Investments Co. now owns 985,520 shares of the footwear maker's stock worth $74,279,000 after purchasing an additional 207,548 shares in the last quarter. Summit Trail Advisors LLC raised its holdings in NIKE by 23.4% in the second quarter. Summit Trail Advisors LLC now owns 13,699 shares of the footwear maker's stock worth $1,037,000 after purchasing an additional 2,594 shares in the last quarter. Westwood Holdings Group Inc. purchased a new stake in shares of NIKE during the second quarter valued at about $231,000. Finally, Legacy Financial Advisors Inc. boosted its holdings in shares of NIKE by 17.0% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 4,812 shares of the footwear maker's stock valued at $363,000 after buying an additional 698 shares in the last quarter. Institutional investors own 64.25% of the company's stock.

Insider Activity at NIKE

In other news, Director John W. Rogers, Jr. acquired 2,500 shares of the business's stock in a transaction that occurred on Friday, December 27th. The stock was purchased at an average cost of $76.65 per share, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.10% of the company's stock.

NIKE Price Performance

NKE stock traded down $0.22 during midday trading on Monday, reaching $70.89. The stock had a trading volume of 9,688,434 shares, compared to its average volume of 11,668,856. NIKE, Inc. has a 52-week low of $70.32 and a 52-week high of $107.43. The company has a market cap of $104.85 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02. The company's fifty day simple moving average is $75.77 and its 200 day simple moving average is $77.95. 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 results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share 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 analyst estimates of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. NIKE's quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 earnings per share. As a group, sell-side analysts predict that NIKE, Inc. will post 2.1 earnings per share for the current fiscal year.

NIKE Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This is a positive change from NIKE's previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.26%. NIKE's dividend payout ratio is 49.38%.

Wall Street Analysts Forecast Growth

NKE has been the subject of a number of analyst reports. Stifel Nicolaus decreased their target price on shares of NIKE from $79.00 to $75.00 and set a "hold" rating for the company in a research report on Friday, December 20th. Piper Sandler upgraded NIKE from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $72.00 to $90.00 in a report on Friday, January 10th. Morgan Stanley dropped their target price on NIKE from $80.00 to $74.00 and set an "equal weight" rating on the stock in a research note on Friday, December 20th. Barclays decreased their price target on NIKE from $79.00 to $70.00 and set an "equal weight" rating for the company in a research note on Friday, December 20th. Finally, TD Cowen dropped their price target on NIKE from $78.00 to $73.00 and set a "hold" rating on the stock in a research note on Monday, November 18th. Fourteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $89.96.

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.