NIKE, Inc. (NYSE:NKE) Shares Bought by Capital Research Global Investors

Capital Research Global Investors lifted its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 269.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,429,708 shares of the footwear maker's stock after buying an additional 1,772,342 shares during the quarter. Capital Research Global Investors owned approximately 0.16% of NIKE worth $183,854,000 as of its most recent filing with the Securities and Exchange Commission.

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A number of other hedge funds and other institutional investors have also made changes to their positions in NKE. Tidal Investments LLC grew its stake in NIKE by 65.4% in the third quarter. Tidal Investments LLC now owns 105,571 shares of the footwear maker's stock worth $9,332,000 after purchasing an additional 41,752 shares in the last quarter. Denver PWM LLC grew its position in shares of NIKE by 9.7% in the 3rd quarter. Denver PWM LLC now owns 2,574 shares of the footwear maker's stock worth $228,000 after acquiring an additional 227 shares in the last quarter. Confluence Investment Management LLC increased its holdings in shares of NIKE by 6.3% in the 4th quarter. Confluence Investment Management LLC now owns 246,080 shares of the footwear maker's stock valued at $18,621,000 after acquiring an additional 14,592 shares during the last quarter. Cacti Asset Management LLC acquired a new stake in shares of NIKE during the 4th quarter valued at approximately $9,987,000. Finally, GAMMA Investing LLC raised its position in shares of NIKE by 1.0% during the 4th quarter. GAMMA Investing LLC now owns 15,014 shares of the footwear maker's stock valued at $1,136,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 64.25% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NKE. China Renaissance started coverage on shares of NIKE in a research note on Wednesday, March 19th. They set a "hold" rating for the company. Truist Financial lowered their price objective on shares of NIKE from $90.00 to $82.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Telsey Advisory Group reissued a "market perform" rating and issued a $80.00 target price on shares of NIKE in a report on Monday, March 17th. Dbs Bank raised NIKE from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Finally, Stifel Nicolaus cut their price target on NIKE from $75.00 to $64.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Sixteen equities research 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 company's stock. Based on data from MarketBeat.com, NIKE currently has an average rating of "Moderate Buy" and an average target price of $85.15.

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View Our Latest Research Report on NIKE

Insider Transactions at NIKE

In other news, Chairman Mark G. Parker sold 169,732 shares of NIKE 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 transaction, the chairman now directly owns 896,632 shares of the company's stock, valued at $65,301,708.56. This trade represents 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 link. Also, Director Robert Holmes Swan purchased 8,600 shares of NIKE stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average price of $58.46 per share, with a total value of $502,756.00. Following the transaction, the director now owns 31,983 shares in the company, valued at $1,869,726.18. This represents a 36.78 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is owned by insiders.

NIKE Price Performance

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Shares of NIKE stock opened at $55.73 on Monday. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $98.04. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The company's 50-day moving average price is $68.39 and its two-hundred day moving average price is $73.73. The stock has a market cap of $82.44 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15.

NIKE (NYSE:NKE - Get Free Report) last released its earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.28 by $0.26. The business had revenue of $11.27 billion during 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 business'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 earnings per share. As a group, sell-side analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently announced 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 2.87%. The ex-dividend date of this dividend was Monday, March 3rd. NIKE's payout ratio is 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.

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