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

Schroder Investment Management Group reduced its position in NIKE, Inc. (NYSE:NKE) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,497,052 shares of the footwear maker’s stock after selling 55,944 shares during the quarter. Schroder Investment Management Group owned approximately 0.17% of NIKE worth $177,391,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Soltis Investment Advisors LLC boosted its position in NIKE by 238.8% during the 2nd quarter. Soltis Investment Advisors LLC now owns 141,356 shares of the footwear maker’s stock worth $10,042,000 after acquiring an additional 99,638 shares during the period. Banco Santander S.A. raised its stake in shares of NIKE by 28.3% during the second quarter. Banco Santander S.A. now owns 221,117 shares of the footwear maker’s stock valued at $15,708,000 after purchasing an additional 48,764 shares in the last quarter. Vanguard Group Inc. lifted its holdings in NIKE by 0.6% in the second quarter. Vanguard Group Inc. now owns 113,823,785 shares of the footwear maker’s stock worth $8,086,042,000 after purchasing an additional 672,705 shares during the period. Clal Insurance Enterprises Holdings Ltd acquired a new stake in NIKE in the first quarter worth about $25,963,000. Finally, BROOKFIELD Corp ON grew its position in NIKE by 36.2% in the 1st quarter. BROOKFIELD Corp ON now owns 658,598 shares of the footwear maker’s stock valued at $41,808,000 after buying an additional 175,000 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Analyst Ratings Changes

NKE has been the subject of a number of research analyst reports. Barclays set a $70.00 price target on shares of NIKE and gave the stock a “positive” rating in a research note on Wednesday, October 1st. Stifel Nicolaus set a $68.00 price target on NIKE and gave the company a “hold” rating in a research note on Wednesday, October 1st. JPMorgan Chase & Co. dropped their price objective on NIKE from $100.00 to $86.00 and set a “buy” rating on the stock in a research note on Monday, November 17th. Sanford C. Bernstein restated a “buy” rating and issued a $90.00 price objective on shares of NIKE in a report on Monday, October 13th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $115.00 target price on shares of NIKE in a research note on Monday, September 29th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.24.

Insiders Place Their Bets

In other news, Chairman Mark G. Parker sold 86,078 shares of NIKE stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $64.80, for a total value of $5,577,854.40. Following the transaction, the chairman directly owned 647,615 shares of the company’s stock, valued at $41,965,452. This trade represents a 11.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Treasure Heinle sold 4,300 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $71.27, for a total transaction of $306,461.00. Following the sale, the executive vice president owned 29,396 shares in the company, valued at $2,095,052.92. This represents a 12.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.80% of the company’s stock.

NIKE Stock Performance

Shares of NYSE NKE opened at $64.84 on Friday. The stock’s fifty day simple moving average is $66.53 and its 200 day simple moving average is $69.04. The stock has a market capitalization of $95.84 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 2.41 and a beta of 1.29. The company has a quick ratio of 1.45, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $82.44.

NIKE (NYSE:NKE) last announced its earnings results on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, beating the consensus estimate of $0.27 by $0.22. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The business had revenue of $11.72 billion during the quarter, compared to the consensus estimate of $10.96 billion. During the same period in the prior year, the business posted $0.70 earnings per share. NIKE’s revenue was up 1.0% compared to the same quarter last year. As a group, sell-side analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 1st will be issued a $0.41 dividend. The ex-dividend date is Monday, December 1st. This is a positive change from NIKE’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 2.5%. NIKE’s dividend payout ratio is 84.10%.

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.