NIKE, Inc. (NYSE:NKE) Shares Purchased by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lifted its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 162,825 shares of the footwear maker's stock after buying an additional 17,052 shares during the quarter. UniSuper Management Pty Ltd's holdings in NIKE were worth $12,321,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its position in shares of 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 in the last quarter. Bank of New York Mellon Corp raised its stake in NIKE by 18.1% in the 4th 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. lifted its holdings in NIKE by 358.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,015,267 shares of the footwear maker's stock valued at $228,165,000 after purchasing an additional 2,357,745 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in NIKE during the 4th quarter worth $156,438,000. Finally, State Street Corp grew its holdings in shares of NIKE by 3.3% during the third quarter. State Street Corp now owns 57,916,789 shares of the footwear maker's stock worth $5,140,796,000 after buying an additional 1,862,021 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company's stock.

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NIKE Stock Down 3.8 %

Shares of NKE traded down $2.48 during mid-day trading on Friday, hitting $63.32. 19,564,094 shares of the company's stock were exchanged, compared to its average volume of 12,930,854. The stock's 50-day moving average is $74.16 and its 200-day moving average is $76.93. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. NIKE, Inc. has a fifty-two week low of $63.14 and a fifty-two week high of $98.04. The company has a market cap of $93.65 billion, a price-to-earnings ratio of 19.54, a P/E/G ratio of 2.52 and a beta of 1.02.

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. The company had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm's quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 EPS. On average, sell-side analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 2.53%. NIKE's dividend payout ratio (DPR) is 53.16%.

Analysts Set New Price Targets

NKE has been the topic of several research reports. Royal Bank of Canada lowered their price target on shares of NIKE from $67.00 to $66.00 and set a "sector perform" rating on the stock in a research report on Friday, March 21st. 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 note on Monday, March 17th. Dbs Bank upgraded NIKE from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Wells Fargo & Company reduced their price objective on NIKE from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Friday, March 21st. Finally, Citigroup cut NIKE from a "buy" rating to a "neutral" rating and dropped their target price for the company from $102.00 to $72.00 in a report on Friday, February 7th. Fifteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, NIKE presently has an average rating of "Moderate Buy" and a consensus price target of $87.38.

Insider Buying and Selling 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 transaction of $12,361,581.56. Following the completion of the transaction, the chairman now owns 896,632 shares in the company, valued at $65,301,708.56. The trade was a 15.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is owned by corporate insiders.

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.