NIKE, Inc. $NKE Shares Bought by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super grew its stake in shares of NIKE, Inc. (NYSE:NKE) by 123.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 252,226 shares of the footwear maker’s stock after purchasing an additional 139,339 shares during the quarter. Aware Super Pty Ltd as trustee of Aware Super’s holdings in NIKE were worth $17,918,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NKE. Mascoma Wealth Management LLC bought a new position in NIKE during the 2nd quarter worth $26,000. Stone House Investment Management LLC bought a new stake in NIKE in the first quarter valued at $25,000. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of NIKE by 952.6% during the second quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 362 shares during the period. Matrix Trust Co grew its position in shares of NIKE by 53.1% during the second quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock worth $31,000 after acquiring an additional 153 shares during the last quarter. Finally, Saudi Central Bank bought a new position in shares of NIKE during the first quarter worth about $30,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Stock Performance

NKE opened at $68.45 on Thursday. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $84.76. The company has a market capitalization of $101.18 billion, a price-to-earnings ratio of 35.10, a price-to-earnings-growth ratio of 2.49 and a beta of 1.29. The business has a 50 day moving average price of $73.38 and a two-hundred day moving average price of $67.34. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.45.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The company had revenue of $11.72 billion for the quarter, compared to the consensus estimate of $10.96 billion. During the same quarter in the previous year, the business earned $0.70 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. Research analysts predict that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.3%. NIKE’s dividend payout ratio (DPR) is 82.05%.

Analyst Upgrades and Downgrades

NKE has been the topic of several recent research reports. Argus upgraded shares of NIKE to a “buy” rating in a research report on Sunday, July 6th. HSBC upgraded shares of NIKE from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Friday, June 27th. Stifel Nicolaus set a $68.00 price objective on NIKE and gave the stock a “hold” rating in a research report on Wednesday, October 1st. Hsbc Global Res upgraded NIKE from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. Finally, TD Cowen upgraded NIKE from a “hold” rating to a “buy” rating and boosted their price target for the stock from $62.00 to $85.00 in a research report on Wednesday, September 10th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, NIKE has a consensus rating of “Moderate Buy” and a consensus price target of $82.21.

Insider Activity at NIKE

In other NIKE news, Chairman Mark G. Parker sold 86,078 shares of NIKE stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $75.93, for a total value of $6,535,902.54. Following the transaction, the chairman owned 744,988 shares in the company, valued at approximately $56,566,938.84. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Treasure Heinle sold 4,300 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $71.27, for a total value of $306,461.00. Following the completion of the transaction, the executive vice president directly 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 can be found here. Insiders own 0.80% of the company’s stock.

NIKE Company 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.