AMF Tjanstepension AB Has $18.99 Million Holdings in NIKE, Inc. (NYSE:NKE)

AMF Tjanstepension AB lessened its stake in shares of NIKE, Inc. (NYSE:NKE) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 250,526 shares of the footwear maker’s stock after selling 5,014 shares during the period. AMF Tjanstepension AB’s holdings in NIKE were worth $18,987,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Arjuna Capital raised its holdings in NIKE by 154.3% during the 4th quarter. Arjuna Capital now owns 7,394 shares of the footwear maker’s stock worth $560,000 after buying an additional 4,486 shares during the period. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in NIKE during the 4th quarter worth about $1,854,000. Mesirow Financial Investment Management Inc. raised its holdings in NIKE by 1.7% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 28,842 shares of the footwear maker’s stock worth $2,183,000 after buying an additional 474 shares during the period. EFG Asset Management Americas Corp. raised its holdings in NIKE by 14.3% during the 4th quarter. EFG Asset Management Americas Corp. now owns 40,272 shares of the footwear maker’s stock worth $3,047,000 after buying an additional 5,043 shares during the period. Finally, BBR Partners LLC acquired a new stake in NIKE during the 4th quarter worth about $369,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Up 1.3 %

Shares of NIKE stock opened at $78.68 on Friday. The stock has a market capitalization of $116.38 billion, a P/E ratio of 24.28, a PEG 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 has a 50 day moving average price of $74.76 and a two-hundred day moving average price of $78.21. NIKE, Inc. has a 12-month low of $68.62 and a 12-month high of $102.49.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.15. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company had revenue of $12.35 billion during the quarter, compared to analysts’ expectations of $12.11 billion. During the same period in the prior year, the business earned $1.03 earnings per share. NIKE’s revenue for the quarter was down 7.7% compared to the same quarter last year. Equities analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.03%. NIKE’s dividend payout ratio is 49.38%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. TD Cowen dropped their target price on NIKE from $78.00 to $73.00 and set a “hold” rating on the stock in a report on Monday, November 18th. Piper Sandler upgraded NIKE from a “neutral” rating to an “overweight” rating and upped their target price for the company from $72.00 to $90.00 in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft dropped their target price on NIKE from $92.00 to $82.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Truist Financial dropped their target price on NIKE from $97.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Finally, Citigroup downgraded NIKE from a “buy” rating to a “neutral” rating and dropped their target price for the company from $102.00 to $72.00 in a report on Friday, February 7th. Fourteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, NIKE has a consensus rating of “Moderate Buy” and an average price target of $89.77.

Insider Activity

In other NIKE news, Director John W. Rogers, Jr. acquired 2,500 shares of NIKE stock in a transaction dated Friday, December 27th. The stock was bought at an average cost of $76.65 per share, with a total value of $191,625.00. Following the completion of the transaction, the director now owns 34,403 shares of the company’s stock, valued at $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were 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 represents a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

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.