California State Teachers Retirement System Has $143.42 Million Position in NIKE, Inc. (NYSE:NKE)

California State Teachers Retirement System reduced its position in NIKE, Inc. (NYSE:NKE - Free Report) by 3.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,895,375 shares of the footwear maker's stock after selling 63,907 shares during the period. California State Teachers Retirement System owned 0.13% of NIKE worth $143,423,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Caitlin John LLC boosted its position in shares of NIKE by 117.0% during the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock worth $28,000 after purchasing an additional 200 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of NIKE during the fourth quarter worth about $28,000. Roxbury Financial LLC acquired a new position in NIKE in the 4th quarter valued at about $30,000. LFA Lugano Financial Advisors SA lifted its position in NIKE by 110.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after acquiring an additional 210 shares during the period. Finally, Hopwood Financial Services Inc. acquired a new position in shares of NIKE in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Stock Up 3.3 %

NYSE NKE traded up $1.89 on Friday, reaching $58.65. The company had a trading volume of 14,696,576 shares, compared to its average volume of 14,500,507. The company's fifty day moving average is $65.10 and its 200-day moving average is $72.32. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $98.04. The firm has a market capitalization of $86.75 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22.

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

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE's dividend payout ratio is presently 53.16%.

Analysts Set New Price Targets

Several equities analysts have issued reports on NKE shares. Wells Fargo & Company cut shares of NIKE from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $75.00 to $55.00 in a research note on Wednesday. The Goldman Sachs Group reduced their price objective on shares of NIKE from $88.00 to $72.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Cfra Research upgraded NIKE to a "moderate buy" rating in a research report on Friday, March 21st. Piper Sandler decreased their price target on NIKE from $90.00 to $70.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Berenberg Bank started coverage on NIKE in a report on Tuesday, April 15th. They set a "hold" rating and a $58.00 price objective on the stock. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $81.15.

Insider Buying and Selling

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the business'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 transaction of $12,361,581.56. Following the transaction, the chairman now owns 896,632 shares of the company's stock, valued at $65,301,708.56. The trade was a 15.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Holmes Swan bought 8,600 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average cost of $58.46 per share, with a total value of $502,756.00. Following the completion of the purchase, the director now directly owns 31,983 shares of the company's stock, valued at $1,869,726.18. This represents a 36.78 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by corporate insiders.

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.