NIKE, Inc. (NYSE:NKE) Shares Bought by Prudential PLC

Prudential PLC increased its holdings in NIKE, Inc. (NYSE:NKE) by 152.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 67,444 shares of the footwear maker’s stock after buying an additional 40,774 shares during the period. Prudential PLC’s holdings in NIKE were worth $5,103,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of NKE. Norges Bank acquired a new position in shares of NIKE during the fourth quarter valued at $1,126,288,000. Wellington Management Group LLP lifted its position in NIKE by 32.4% in the 4th quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker’s stock valued at $2,749,903,000 after purchasing an additional 8,898,591 shares during the last quarter. Pacer Advisors Inc. grew its position in NIKE by 6,029.6% in the 4th quarter. Pacer Advisors Inc. now owns 6,821,270 shares of the footwear maker’s stock worth $516,166,000 after purchasing an additional 6,709,985 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of NIKE by 18.1% in the fourth quarter. Bank of New York Mellon Corp now owns 20,367,993 shares of the footwear maker’s stock valued at $1,541,246,000 after purchasing an additional 3,121,929 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of NIKE by 358.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,015,267 shares of the footwear maker’s stock valued at $228,165,000 after buying an additional 2,357,745 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

NKE opened at $57.17 on Friday. NIKE, Inc. has a 12-month low of $52.50 and a 12-month high of $98.04. 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 firm has a market capitalization of $84.57 billion, a P/E ratio of 17.65, a PEG ratio of 2.52 and a beta of 1.02. The stock has a fifty day moving average of $72.96 and a 200-day moving average of $76.30.

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

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date was Monday, March 3rd. NIKE’s payout ratio is presently 53.16%.

Insider Activity at NIKE

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of NIKE stock in a transaction on Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the completion of the sale, the chairman now owns 896,632 shares of the company’s stock, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NKE has been the subject of a number of recent analyst reports. Robert W. Baird decreased their price objective on NIKE from $105.00 to $99.00 and set an “outperform” rating for the company in a report on Friday, March 21st. Barclays lowered their price target on NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Wells Fargo & Company reduced their price objective on shares of NIKE from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, March 21st. Guggenheim reissued a “buy” rating and set a $110.00 target price on shares of NIKE in a research note on Wednesday, February 12th. Finally, Bank of America lowered their price objective on shares of NIKE from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Fifteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, NIKE currently has an average rating of “Moderate Buy” and an average target price of $87.38.

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.