UniSuper Management Pty Ltd Buys 17,052 Shares of NIKE, Inc. (NYSE:NKE)

UniSuper Management Pty Ltd raised its position in shares of NIKE, Inc. (NYSE:NKE) by 11.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 162,825 shares of the footwear maker’s stock after acquiring an additional 17,052 shares during the period. UniSuper Management Pty Ltd’s holdings in NIKE were worth $12,321,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd increased its position in NIKE by 599.1% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 797 shares of the footwear maker’s stock worth $70,000 after buying an additional 683 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its position in NIKE by 35.6% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 104,300 shares of the footwear maker’s stock worth $9,220,000 after acquiring an additional 27,400 shares during the period. CreativeOne Wealth LLC raised its stake in NIKE by 13.5% in the 3rd quarter. CreativeOne Wealth LLC now owns 21,978 shares of the footwear maker’s stock worth $1,943,000 after purchasing an additional 2,612 shares in the last quarter. Providence Capital Advisors LLC boosted its holdings in NIKE by 29.3% in the 3rd quarter. Providence Capital Advisors LLC now owns 78,784 shares of the footwear maker’s stock valued at $6,965,000 after purchasing an additional 17,871 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of NIKE by 4.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 548,318 shares of the footwear maker’s stock worth $48,471,000 after purchasing an additional 24,614 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Up 0.2 %

Shares of NYSE NKE opened at $65.87 on Friday. The company’s 50 day moving average price is $74.31 and its 200-day moving average price is $77.05. 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, Inc. has a 52-week low of $64.95 and a 52-week high of $98.04. The company has a market capitalization of $97.42 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02.

NIKE (NYSE:NKE) last released its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $11.02 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. NIKE’s revenue for the quarter was down 9.1% on a year-over-year basis. Equities analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 2.43%. NIKE’s dividend payout ratio is currently 53.16%.

Wall Street Analyst Weigh In

NKE has been the subject of several recent research reports. Citigroup cut NIKE from a “buy” rating to a “neutral” rating and cut their price target for the company from $102.00 to $72.00 in a research note on Friday, February 7th. Cfra Research upgraded NIKE to a “moderate buy” rating in a research report on Friday, March 21st. Morgan Stanley decreased their price target on NIKE from $72.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, March 21st. Guggenheim reaffirmed a “buy” rating and set a $110.00 price objective on shares of NIKE in a research report on Wednesday, February 12th. Finally, Robert W. Baird decreased their target price on shares of NIKE from $105.00 to $99.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. Fifteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, NIKE currently has an average rating of “Moderate Buy” and an average target price of $87.38.

Insiders Place Their Bets

In other news, Chairman Mark G. Parker sold 169,732 shares of NIKE stock in a transaction 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 completion of the sale, the chairman now owns 896,632 shares in the company, valued at $65,301,708.56. The trade was a 15.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.

About NIKE

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.