NIKE, Inc. (NYSE:NKE) Shares Bought by Quilter Plc

Quilter Plc raised its position in NIKE, Inc. (NYSE:NKE) by 3.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 399,151 shares of the footwear maker’s stock after acquiring an additional 12,744 shares during the quarter. Quilter Plc’s holdings in NIKE were worth $30,204,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Gateway Investment Advisers LLC lifted its stake in NIKE by 2.1% in the 3rd quarter. Gateway Investment Advisers LLC now owns 68,434 shares of the footwear maker’s stock worth $6,050,000 after purchasing an additional 1,384 shares in the last quarter. City State Bank lifted its stake in NIKE by 61.0% in the 3rd quarter. City State Bank now owns 5,422 shares of the footwear maker’s stock worth $479,000 after purchasing an additional 2,055 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in NIKE by 15.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 28,141 shares of the footwear maker’s stock worth $2,488,000 after purchasing an additional 3,864 shares in the last quarter. Birch Hill Investment Advisors LLC lifted its stake in NIKE by 26.7% in the 3rd quarter. Birch Hill Investment Advisors LLC now owns 37,551 shares of the footwear maker’s stock worth $3,320,000 after purchasing an additional 7,903 shares in the last quarter. Finally, Factory Mutual Insurance Co. lifted its stake in NIKE by 22.6% in the 3rd quarter. Factory Mutual Insurance Co. now owns 335,400 shares of the footwear maker’s stock worth $29,649,000 after purchasing an additional 61,800 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director John W. Rogers, Jr. bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were purchased at an average price 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 $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on NKE. Deutsche Bank Aktiengesellschaft reduced their price target on shares of NIKE from $92.00 to $82.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. JPMorgan Chase & Co. reduced their price target on shares of NIKE from $77.00 to $73.00 and set a “neutral” rating on the stock in a research report on Monday, December 2nd. Robert W. Baird reduced their price target on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Monday, December 23rd. Piper Sandler raised shares of NIKE from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $72.00 to $90.00 in a research report on Friday, January 10th. Finally, Royal Bank of Canada reduced their price target on shares of NIKE from $82.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 7th. Fifteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $88.62.

NIKE Trading Down 4.3 %

Shares of NKE opened at $68.69 on Monday. 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 firm’s 50-day moving average is $75.12 and its two-hundred day moving average is $78.04. NIKE, Inc. has a twelve month low of $68.62 and a twelve month high of $107.43. The firm has a market capitalization of $101.60 billion, a P/E ratio of 21.20, a PEG ratio of 2.34 and a beta of 1.01.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. On average, research analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Increases Dividend

The firm 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 was Monday, December 2nd. This is a positive change from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a dividend yield of 2.33%. NIKE’s dividend payout ratio is currently 49.38%.

NIKE Company 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.