NIKE, Inc. (NYSE:NKE) Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in NIKE, Inc. (NYSE:NKE) by 5.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,009,985 shares of the footwear maker’s stock after purchasing an additional 111,754 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in NIKE were worth $147,352,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NKE. Heck Capital Advisors LLC bought a new stake in shares of NIKE in the 4th quarter worth $28,000. Caitlin John LLC grew its holdings in NIKE by 117.0% during the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after acquiring an additional 200 shares during the period. Teachers Insurance & Annuity Association of America bought a new stake in NIKE in the third quarter worth about $30,000. Roxbury Financial LLC acquired a new stake in NIKE in the 4th quarter valued at about $30,000. Finally, LFA Lugano Financial Advisors SA lifted its holdings in NIKE by 110.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock valued at $30,000 after acquiring an additional 210 shares during the last quarter. 64.25% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Chairman Mark G. Parker sold 169,732 shares of the company’s stock in a transaction 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 in the company, valued at approximately $65,301,708.56. This represents a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. UBS Group dropped their target price on shares of NIKE from $73.00 to $66.00 and set a “neutral” rating on the stock in a report on Friday, March 21st. Cfra Research raised NIKE to a “moderate buy” rating in a report on Friday, March 21st. JPMorgan Chase & Co. cut their price objective on NIKE from $73.00 to $64.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Telsey Advisory Group restated a “market perform” rating and issued a $80.00 target price on shares of NIKE in a report on Monday, March 17th. Finally, Wells Fargo & Company reduced their target price on NIKE from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, March 21st. Fifteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $87.38.

NIKE Price Performance

NKE opened at $65.87 on Friday. The stock has a fifty day moving average price of $74.31 and a 200 day moving average price of $77.05. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 1 year low of $64.95 and a 1 year high of $98.04. The stock has a market cap of $97.42 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 2.52 and a beta of 1.02.

NIKE (NYSE:NKE) last posted its quarterly 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 company had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period last year, the business earned $0.98 EPS. Analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

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

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.