177,328 Shares in NIKE, Inc. (NYSE:NKE) Bought by Fisher Funds Management LTD

Fisher Funds Management LTD acquired a new stake in NIKE, Inc. (NYSE:NKE) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 177,328 shares of the footwear maker’s stock, valued at approximately $13,431,000.

Several other large investors also recently modified their holdings of NKE. Heck Capital Advisors LLC acquired a new position in shares of NIKE in the fourth quarter worth about $28,000. Caitlin John LLC increased its holdings in NIKE by 117.0% during the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Teachers Insurance & Annuity Association of America acquired a new position in shares of NIKE in the 3rd quarter valued at approximately $30,000. Roxbury Financial LLC purchased a new position in shares of NIKE during the 4th quarter valued at approximately $30,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of NIKE during the fourth quarter worth approximately $43,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Price Performance

NYSE NKE opened at $76.50 on Friday. NIKE, Inc. has a 1 year low of $68.62 and a 1 year high of $106.62. The company has a fifty day simple moving average of $74.31 and a 200 day simple moving average of $78.13. 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 has a market cap of $113.15 billion, a P/E ratio of 23.61, a P/E/G ratio of 2.52 and a beta of 1.01.

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

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.09%. The ex-dividend date is Monday, March 3rd. NIKE’s dividend payout ratio is currently 49.38%.

Insider Transactions at NIKE

In other news, Chairman Mark G. Parker sold 169,732 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $65,301,708.56. This represents a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John W. Rogers, Jr. bought 2,500 shares of NIKE stock in a transaction that occurred on Friday, December 27th. The stock was bought at an average price of $76.65 per share, with a total value of $191,625.00. Following the purchase, the director now owns 34,403 shares of the company’s stock, valued at $2,636,989.95. This trade represents a 7.84 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on NKE. Morgan Stanley cut their price target on shares of NIKE from $80.00 to $74.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $84.00 price target on shares of NIKE in a research report on Friday, February 7th. Telsey Advisory Group reiterated a “market perform” rating and issued a $80.00 price target on shares of NIKE in a research note on Wednesday. Truist Financial cut their price objective on NIKE from $97.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Finally, Wells Fargo & Company decreased their target price on NIKE from $95.00 to $92.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Fifteen analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $88.62.

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.