Schroder Investment Management Group Boosts Stock Position in NIKE, Inc. (NYSE:NKE)

Schroder Investment Management Group increased its holdings in NIKE, Inc. (NYSE:NKE) by 12.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,940,186 shares of the footwear maker’s stock after purchasing an additional 221,349 shares during the quarter. Schroder Investment Management Group owned approximately 0.13% of NIKE worth $144,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership raised its holdings in shares of NIKE by 7,238.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,627,424 shares of the footwear maker’s stock valued at $123,147,000 after acquiring an additional 1,605,248 shares in the last quarter. MV Capital Management Inc. increased its position in NIKE by 5.6% during the 4th quarter. MV Capital Management Inc. now owns 5,930 shares of the footwear maker’s stock valued at $449,000 after purchasing an additional 316 shares during the period. Allianz SE bought a new position in NIKE in the 4th quarter worth $9,998,000. WealthTrak Capital Management LLC purchased a new stake in shares of NIKE in the 4th quarter worth about $48,000. Finally, Intrust Bank NA boosted its stake in shares of NIKE by 12.1% during the 4th quarter. Intrust Bank NA now owns 4,865 shares of the footwear maker’s stock valued at $368,000 after purchasing an additional 525 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on NKE shares. Barclays lowered their price objective on shares of NIKE from $79.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Royal Bank of Canada dropped their price target on NIKE from $67.00 to $66.00 and set a “sector perform” rating on the stock in a research report on Friday, March 21st. Wells Fargo & Company decreased their price objective on NIKE from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, March 21st. Truist Financial reduced their target price on shares of NIKE from $90.00 to $82.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Finally, China Renaissance assumed coverage on shares of NIKE in a research report on Wednesday, March 19th. They set a “hold” rating for the company. Fifteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.38.

Insider Buying and Selling

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 stock was sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by insiders.

NIKE Stock Down 3.8 %

NKE stock opened at $63.32 on Monday. The company has a market cap of $93.65 billion, a price-to-earnings ratio of 19.54, a P/E/G ratio of 2.52 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The business’s 50-day moving average is $74.16 and its two-hundred day moving average is $76.92. NIKE, Inc. has a fifty-two week low of $62.76 and a fifty-two week high of $98.04.

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

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.53%. NIKE’s dividend payout ratio (DPR) is 53.16%.

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.