Mawer Investment Management Ltd. lessened its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 approximately 0.09% of NIKE worth $106,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of NIKE by 35.6% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 104,300 shares of the footwear maker's stock valued at $9,220,000 after buying an additional 27,400 shares in the last quarter. Public Sector Pension Investment Board raised its stake in NIKE by 9.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 51,000 shares of the footwear maker's stock worth $4,508,000 after acquiring an additional 4,500 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in NIKE by 0.8% during the third quarter. Rockefeller Capital Management L.P. now owns 509,831 shares of the footwear maker's stock valued at $45,074,000 after purchasing an additional 4,131 shares in the last quarter. PDT Partners LLC bought a new position in shares of NIKE in the third quarter worth approximately $229,000. Finally, L.M. Kohn & Company increased its stake in shares of NIKE by 2.5% in the third quarter. L.M. Kohn & Company now owns 9,028 shares of the footwear maker's stock worth $798,000 after purchasing an additional 223 shares in the last quarter. Institutional investors own 64.25% of the company's stock.
Remove Ads
NIKE Trading Down 3.8 %
NYSE NKE traded down $2.48 during trading on Friday, hitting $63.32. The stock had a trading volume of 19,564,094 shares, compared to its average volume of 12,930,854. NIKE, Inc. has a one year low of $63.14 and a one year high of $98.04. The stock has a 50 day simple moving average of $74.16 and a 200 day simple moving average of $76.92. The stock has a market capitalization 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. 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 (NYSE:NKE - Get Free Report) last issued 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. The firm had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. NIKE's quarterly revenue was down 9.1% compared to the same quarter last year. During the same period last year, the company earned $0.98 EPS. Sell-side analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.
NIKE Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Monday, March 3rd. NIKE's payout ratio is presently 53.16%.
Insider Transactions at NIKE
In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the business'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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.10% of the company's stock.
Wall Street Analysts Forecast Growth
NKE has been the topic of a number of analyst reports. DA Davidson upgraded shares of NIKE to a "strong-buy" rating in a research note on Monday, December 23rd. Citigroup downgraded NIKE from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $102.00 to $72.00 in a research report on Friday, February 7th. Telsey Advisory Group reiterated a "market perform" rating and set a $80.00 target price on shares of NIKE in a research report on Monday, March 17th. UBS Group lowered their price target on NIKE from $73.00 to $66.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Finally, Royal Bank of Canada cut their price objective on shares of NIKE from $67.00 to $66.00 and set a "sector perform" rating for the company in a report on Friday, March 21st. Fifteen equities research 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 company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $87.38.
Read Our Latest Stock Report on NIKE
NIKE Profile
(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.
Featured Articles
- Five stocks we like better than NIKE
- The Significance of Brokerage Rankings in Stock Selection
- Venezuelan Tariffs Could Power These 3 Diesel-Driven Winners
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- MarketBeat Week in Review – 03/24 - 03/28
- Dividend Payout Ratio Calculator
- Should You Buy UPS Stock Now? Deep Dive Into Its 5-Year Low
Should You Invest $1,000 in NIKE Right Now?
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
7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
