NIKE, Inc. $NKE Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group decreased its position in NIKE, Inc. (NYSE:NKE) by 5.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,362,848 shares of the footwear maker’s stock after selling 134,204 shares during the period. Schroder Investment Management Group owned approximately 0.16% of NIKE worth $164,761,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Main Street Financial Solutions LLC grew its holdings in NIKE by 4.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker’s stock worth $244,000 after buying an additional 139 shares in the last quarter. St. Clair Advisors LLC raised its stake in NIKE by 0.9% during the 3rd quarter. St. Clair Advisors LLC now owns 15,217 shares of the footwear maker’s stock valued at $1,061,000 after acquiring an additional 140 shares in the last quarter. Spirepoint Private Client LLC raised its stake in NIKE by 0.4% during the 3rd quarter. Spirepoint Private Client LLC now owns 36,140 shares of the footwear maker’s stock valued at $2,520,000 after acquiring an additional 153 shares in the last quarter. Evelyn Partners Investment Management Europe Ltd boosted its position in NIKE by 18.5% during the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 997 shares of the footwear maker’s stock worth $71,000 after acquiring an additional 156 shares during the period. Finally, CVA Family Office LLC boosted its position in NIKE by 8.0% during the 3rd quarter. CVA Family Office LLC now owns 2,113 shares of the footwear maker’s stock worth $147,000 after acquiring an additional 156 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Activity

In related news, Director Robert Holmes Swan acquired 8,691 shares of the business’s stock in a transaction on Monday, December 22nd. The shares were purchased at an average price of $57.54 per share, for a total transaction of $500,080.14. Following the acquisition, the director owned 43,293 shares in the company, valued at approximately $2,491,079.22. This represents a 25.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Elliott Hill acquired 16,388 shares of NIKE stock in a transaction on Monday, December 29th. The shares were purchased at an average cost of $61.10 per share, with a total value of $1,001,306.80. Following the completion of the purchase, the chief executive officer directly owned 241,587 shares of the company’s stock, valued at approximately $14,760,965.70. This represents a 7.28% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 75,079 shares of company stock valued at $4,449,887 over the last three months. Insiders own 0.80% of the company’s stock.

NIKE Stock Down 0.8%

NKE stock opened at $56.56 on Tuesday. The firm has a market cap of $83.73 billion, a PE ratio of 33.27, a P/E/G ratio of 2.92 and a beta of 1.27. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $80.19. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.06 and a quick ratio of 1.40. The firm has a 50 day simple moving average of $63.17 and a 200 day simple moving average of $66.19.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, December 18th. The footwear maker reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.16. The company had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.19 billion. NIKE had a return on equity of 18.43% and a net margin of 5.43%.The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.78 EPS. Equities research analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, March 2nd. NIKE’s dividend payout ratio is currently 96.47%.

Analysts Set New Price Targets

NKE has been the topic of a number of research analyst reports. Williams Trading lowered their price target on NIKE from $100.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, December 19th. Oppenheimer reaffirmed an “outperform” rating on shares of NIKE in a report on Wednesday, December 17th. Berenberg Bank reiterated a “neutral” rating and issued a $70.00 target price on shares of NIKE in a research report on Friday, December 19th. Truist Financial set a $69.00 target price on shares of NIKE in a research note on Wednesday, January 14th. Finally, Citigroup restated a “neutral” rating and set a $65.00 price target (down from $70.00) on shares of NIKE in a research report on Friday, December 19th. Twenty-two research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $74.61.

About NIKE

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).