NIKE, Inc. (NYSE:NKE) Shares Bought by Capital International Sarl

Capital International Sarl lifted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 9.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 254,888 shares of the footwear maker’s stock after buying an additional 22,869 shares during the period. Capital International Sarl’s holdings in NIKE were worth $19,287,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NKE. Caitlin John LLC increased its holdings in shares of NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 200 shares during the period. Heck Capital Advisors LLC purchased a new position in NIKE in the 4th quarter valued at $28,000. Roxbury Financial LLC acquired a new position in NIKE in the 4th quarter valued at $30,000. LFA Lugano Financial Advisors SA raised its position in NIKE by 110.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock worth $30,000 after buying an additional 210 shares during the last quarter. Finally, Hopwood Financial Services Inc. acquired a new stake in shares of NIKE in the 4th quarter worth $30,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Analysts Set New Price Targets

NKE has been the topic of a number of recent analyst reports. Truist Financial dropped their price target on shares of NIKE from $90.00 to $82.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Piper Sandler reduced their price target on NIKE from $90.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Wells Fargo & Company dropped their price objective on NIKE from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, March 21st. JPMorgan Chase & Co. reduced their target price on NIKE from $73.00 to $64.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Finally, China Renaissance initiated coverage on shares of NIKE in a research note on Wednesday, March 19th. They set a “hold” rating on the stock. Sixteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, NIKE has a consensus rating of “Moderate Buy” and a consensus target price of $85.15.

Insiders Place Their Bets

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 value of $12,361,581.56. Following the sale, the chairman now owns 896,632 shares in the company, valued at approximately $65,301,708.56. This represents a 15.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert Holmes Swan purchased 8,600 shares of the firm’s 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 completion of the purchase, the director now directly owns 31,983 shares of the company’s stock, valued at approximately $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 company insiders.

NIKE Stock Performance

NIKE stock opened at $55.73 on Friday. The firm has a market capitalization 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, Inc. has a one year low of $52.28 and a one year high of $98.04. The stock’s 50 day moving average price is $68.71 and its 200 day moving average price is $74.09. 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) last announced its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.26. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. As a group, sell-side analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.87%. NIKE’s dividend payout ratio (DPR) is presently 53.16%.

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.