Mawer Investment Management Ltd. Sells 74,374 Shares of NIKE, Inc. (NYSE:NKE)

Mawer Investment Management Ltd. trimmed its stake in shares of NIKE, Inc. (NYSE:NKE) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,401,698 shares of the footwear maker’s stock after selling 74,374 shares during the quarter. Mawer Investment Management Ltd. owned approximately 0.09% of NIKE worth $106,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of NKE. Heck Capital Advisors LLC purchased a new position in shares of NIKE in the fourth quarter worth $28,000. Caitlin John LLC increased its position 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 acquiring an additional 200 shares during the period. Roxbury Financial LLC bought a new position in shares of NIKE during the fourth quarter valued at about $30,000. LFA Lugano Financial Advisors SA boosted its holdings in shares of NIKE by 110.5% during the fourth 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 during the period. Finally, Hopwood Financial Services Inc. bought a new stake in shares of NIKE in the fourth quarter worth about $30,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Chairman Mark G. Parker sold 169,732 shares of the business’s stock in a transaction that occurred on 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 sale, the chairman now directly owns 896,632 shares in the company, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

NIKE Stock Performance

Shares of NYSE NKE opened at $63.32 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 52-week low of $63.14 and a 52-week high of $98.04. The company has a market cap of $93.65 billion, a PE ratio of 19.54, a PEG ratio of 2.52 and a beta of 1.02. The firm’s 50-day moving average price is $74.16 and its 200-day moving average price is $76.93.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.26. The firm had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. As a group, analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.53%. NIKE’s dividend payout ratio is currently 53.16%.

Analyst Upgrades and Downgrades

NKE has been the subject of several research analyst reports. Barclays dropped their price objective on NIKE from $79.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Bank of America cut their price target on shares of NIKE from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Guggenheim reiterated a “buy” rating and set a $110.00 price target on shares of NIKE in a research report on Wednesday, February 12th. Royal Bank of Canada decreased their target price on NIKE from $67.00 to $66.00 and set a “sector perform” rating for the company in a research report on Friday, March 21st. Finally, Morgan Stanley reduced their price target on NIKE from $72.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, March 21st. Fifteen equities research 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 company. Based on data from MarketBeat, NIKE presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.38.

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.