GUARDCAP ASSET MANAGEMENT Ltd Has $262.56 Million Holdings in NIKE, Inc. (NYSE:NKE)

GUARDCAP ASSET MANAGEMENT Ltd trimmed its holdings in NIKE, Inc. (NYSE:NKE) by 11.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,469,841 shares of the footwear maker’s stock after selling 465,362 shares during the quarter. NIKE accounts for 4.2% of GUARDCAP ASSET MANAGEMENT Ltd’s portfolio, making the stock its 13th largest holding. GUARDCAP ASSET MANAGEMENT Ltd owned approximately 0.23% of NIKE worth $262,563,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NKE. Heck Capital Advisors LLC acquired a new stake in NIKE in the 4th quarter worth $28,000. Caitlin John LLC grew its position in NIKE by 117.0% during the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after buying an additional 200 shares in the last quarter. Teachers Insurance & Annuity Association of America bought a new position in NIKE during the third quarter valued at about $30,000. Roxbury Financial LLC acquired a new position in NIKE in the 4th quarter valued at approximately $30,000. Finally, LFA Lugano Financial Advisors SA grew its holdings in shares of 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 purchasing an additional 210 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on NKE. DA Davidson upgraded NIKE to a “strong-buy” rating in a research note on Monday, December 23rd. Dbs Bank upgraded shares of NIKE from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Barclays decreased their target price on shares of NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Piper Sandler raised shares of NIKE from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $72.00 to $90.00 in a research report on Friday, January 10th. Finally, Needham & Company LLC decreased their price objective on NIKE from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Fifteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, NIKE presently has an average rating of “Moderate Buy” and a consensus target price of $87.38.

Insider Buying and Selling 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 stock was 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 directly owns 896,632 shares of the company’s stock, valued at $65,301,708.56. This represents a 15.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John W. Rogers, Jr. acquired 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, with a total value of $191,625.00. Following the acquisition, the director now owns 34,403 shares of the company’s stock, valued at approximately $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.

NIKE Price Performance

NIKE stock opened at $68.02 on Friday. The business’s 50-day simple moving average is $74.70 and its 200 day simple moving average is $77.43. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The stock has a market cap of $100.60 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 2.52 and a beta of 1.02. NIKE, Inc. has a 12-month low of $65.17 and a 12-month high of $98.04.

NIKE (NYSE:NKE) last issued 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. The company had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. As a group, research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Monday, March 3rd. NIKE’s dividend payout ratio 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.