NIKE, Inc. (NYSE:NKE) Shares Bought by National Pension Service

National Pension Service lifted its stake in shares of NIKE, Inc. (NYSE:NKE) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,047,220 shares of the footwear maker’s stock after purchasing an additional 40,366 shares during the quarter. National Pension Service owned about 0.13% of NIKE worth $222,267,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. FMR LLC lifted its stake in shares of NIKE by 0.7% in the 3rd quarter. FMR LLC now owns 18,502,409 shares of the footwear maker’s stock worth $1,769,200,000 after acquiring an additional 125,746 shares during the period. Northern Trust Corp raised its holdings in shares of NIKE by 4.5% during the third quarter. Northern Trust Corp now owns 15,557,676 shares of the footwear maker’s stock valued at $1,487,625,000 after acquiring an additional 674,198 shares during the period. Fisher Asset Management LLC raised its holdings in shares of NIKE by 2.3% during the fourth quarter. Fisher Asset Management LLC now owns 9,887,769 shares of the footwear maker’s stock valued at $1,073,515,000 after acquiring an additional 219,091 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of NIKE by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,200,932 shares of the footwear maker’s stock valued at $766,829,000 after acquiring an additional 89,947 shares during the period. Finally, Newport Trust Company LLC acquired a new stake in shares of NIKE during the third quarter valued at approximately $679,775,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Activity at NIKE

In related news, EVP Monique S. Matheson sold 45,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the completion of the transaction, the executive vice president now directly owns 44,997 shares in the company, valued at approximately $4,236,917.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NKE shares. Sanford C. Bernstein cut their price target on shares of NIKE from $134.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Bank of America upgraded shares of NIKE from a “neutral” rating to a “buy” rating and boosted their price target for the company from $110.00 to $113.00 in a report on Thursday, April 11th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $100.00 price objective (down previously from $110.00) on shares of NIKE in a research note on Friday, March 22nd. Truist Financial reiterated a “hold” rating and issued a $111.00 price objective on shares of NIKE in a research note on Tuesday, March 19th. Finally, Wedbush reiterated an “outperform” rating and issued a $115.00 price objective on shares of NIKE in a research note on Tuesday, April 30th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, NIKE presently has a consensus rating of “Moderate Buy” and an average target price of $116.26.

NIKE Stock Performance

NYSE:NKE traded down $0.09 during trading hours on Thursday, hitting $93.50. 2,645,459 shares of the company traded hands, compared to its average volume of 9,109,352. The stock has a market capitalization of $141.13 billion, a price-to-earnings ratio of 27.48, a P/E/G ratio of 1.78 and a beta of 1.07. NIKE, Inc. has a twelve month low of $88.66 and a twelve month high of $126.46. The firm has a 50-day moving average of $95.28 and a 200 day moving average of $102.91. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63.

NIKE (NYSE:NKE) last released its earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating the consensus estimate of $0.69 by $0.29. The firm had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. On average, analysts forecast that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.58%. The ex-dividend date is Monday, June 3rd. NIKE’s payout ratio is currently 43.53%.

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.