UniSuper Management Pty Ltd Purchases 17,052 Shares of NIKE, Inc. (NYSE:NKE)

UniSuper Management Pty Ltd grew its holdings in NIKE, Inc. (NYSE:NKE) by 11.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 162,825 shares of the footwear maker’s stock after purchasing an additional 17,052 shares during the quarter. UniSuper Management Pty Ltd’s holdings in NIKE were worth $12,321,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Moment Partners LLC acquired a new position in shares of NIKE in the fourth quarter valued at $213,000. Sava Infond d.o.o. bought a new stake in NIKE in the 4th quarter valued at $2,047,000. WINTON GROUP Ltd raised its stake in shares of NIKE by 6,578.1% in the 4th quarter. WINTON GROUP Ltd now owns 203,548 shares of the footwear maker’s stock valued at $15,402,000 after buying an additional 200,500 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of NIKE by 5.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,009,985 shares of the footwear maker’s stock worth $147,352,000 after acquiring an additional 111,754 shares during the period. Finally, Korea Investment CORP boosted its position in shares of NIKE by 7.4% during the 4th quarter. Korea Investment CORP now owns 1,071,263 shares of the footwear maker’s stock valued at $81,062,000 after acquiring an additional 74,243 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.

Insider Activity at NIKE

In other news, Chairman Mark G. Parker sold 169,732 shares of the firm’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 value of $12,361,581.56. Following the completion of the sale, the chairman now directly owns 896,632 shares of the company’s stock, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by company insiders.

NIKE Stock Up 0.2 %

NYSE:NKE opened at $65.87 on Friday. NIKE, Inc. has a twelve month low of $64.95 and a twelve month high of $98.04. The firm has a market capitalization of $97.42 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The stock’s 50 day moving average price is $74.31 and its two-hundred day moving average price is $77.05.

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

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be issued a $0.40 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.43%. NIKE’s payout ratio is 53.16%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and set a $80.00 price objective on shares of NIKE in a research note on Monday, March 17th. Barclays decreased their price target on NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Guggenheim reaffirmed a “buy” rating and set a $110.00 price target on shares of NIKE in a report on Wednesday, February 12th. Royal Bank of Canada reduced their price objective on NIKE from $67.00 to $66.00 and set a “sector perform” rating on the stock in a research note on Friday, March 21st. Finally, Dbs Bank upgraded NIKE from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Fifteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.38.

NIKE 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.