Aware Super Pty Ltd as trustee of Aware Super Invests $3.85 Million in NIKE, Inc. $NKE

Aware Super Pty Ltd as trustee of Aware Super purchased a new position in NIKE, Inc. (NYSE:NKE) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 72,870 shares of the footwear maker’s stock, valued at approximately $3,849,000.

Other hedge funds have also recently modified their holdings of the company. Main Street Financial Solutions LLC increased its stake in shares of NIKE by 4.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker’s stock valued at $244,000 after purchasing an additional 139 shares in the last quarter. Diligent Investors LLC raised its holdings in shares of NIKE by 4.3% during the fourth quarter. Diligent Investors LLC now owns 3,719 shares of the footwear maker’s stock valued at $237,000 after acquiring an additional 153 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of NIKE by 4.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,978 shares of the footwear maker’s stock valued at $253,000 after acquiring an additional 163 shares in the last quarter. Lakeshore Capital Group Inc. lifted its position in shares of NIKE by 2.9% in the fourth quarter. Lakeshore Capital Group Inc. now owns 5,868 shares of the footwear maker’s stock valued at $374,000 after acquiring an additional 165 shares in the last quarter. Finally, ANB Bank boosted its stake in shares of NIKE by 0.7% in the fourth quarter. ANB Bank now owns 25,451 shares of the footwear maker’s stock worth $1,621,000 after acquiring an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Activity at NIKE

In other NIKE news, EVP Philip Mccartney sold 17,398 shares of NIKE stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $46.18, for a total value of $803,439.64. Following the completion of the transaction, the executive vice president directly owned 53,133 shares in the company, valued at $2,453,681.94. The trade was a 24.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on NKE. Wall Street Zen raised NIKE from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Piper Sandler reduced their target price on shares of NIKE from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, July 1st. Citigroup decreased their price target on shares of NIKE from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 1st. Robert W. Baird restated an “outperform” rating and set a $70.00 price target on shares of NIKE in a research report on Wednesday, July 1st. Finally, Truist Financial cut their price objective on shares of NIKE from $69.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, NIKE presently has a consensus rating of “Hold” and a consensus target price of $54.80.

NIKE Price Performance

Shares of NYSE NKE opened at $43.78 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.36 and a current ratio of 1.96. NIKE, Inc. has a one year low of $40.00 and a one year high of $80.17. The firm has a market capitalization of $64.83 billion, a P/E ratio of 20.95, a PEG ratio of 2.57 and a beta of 1.12. The company’s fifty day moving average is $43.67 and its two-hundred day moving average is $51.86.

NIKE (NYSE:NKE) last released its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.09. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The company had revenue of $10.97 billion for the quarter, compared to analysts’ expectations of $10.85 billion. During the same period last year, the company earned $0.14 EPS. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. Analysts forecast that NIKE, Inc. will post 1.76 EPS for the current fiscal year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Monday, June 1st. NIKE’s dividend payout ratio (DPR) is currently 78.47%.

NIKE Company Profile

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).