Canada Pension Plan Investment Board Boosts Holdings in NIKE, Inc. (NYSE:NKE)

Canada Pension Plan Investment Board lifted its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 51.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,350,889 shares of the footwear maker's stock after buying an additional 459,263 shares during the period. Canada Pension Plan Investment Board owned approximately 0.09% of NIKE worth $102,222,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Range Financial Group LLC purchased a new stake in shares of NIKE in the fourth quarter valued at approximately $642,000. Cacti Asset Management LLC acquired a new position in shares of NIKE during the 4th quarter valued at about $9,987,000. Capricorn Fund Managers Ltd purchased a new stake in shares of NIKE in the fourth quarter valued at about $5,384,000. Klein Pavlis & Peasley Financial Inc. raised its stake in NIKE by 31.1% during the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker's stock worth $1,955,000 after purchasing an additional 6,124 shares during the period. Finally, FNY Investment Advisers LLC boosted its holdings in NIKE by 5,745.9% in the 4th quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker's stock valued at $654,000 after purchasing an additional 8,504 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Stock Performance

NYSE:NKE traded up $0.93 during midday trading on Tuesday, reaching $57.05. The stock had a trading volume of 5,254,036 shares, compared to its average volume of 14,186,843. The stock has a market cap of $84.38 billion, a P/E ratio of 17.60, a P/E/G ratio of 2.52 and a beta of 1.15. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $98.04. The firm has a fifty day simple moving average of $68.07 and a two-hundred day simple moving average of $73.55.

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

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were paid a $0.40 dividend. 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 53.16%.

Insider Buying and Selling at NIKE

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. BMO Capital Markets decreased their price objective on NIKE from $95.00 to $92.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Berenberg Bank assumed coverage on shares of NIKE in a research report on Tuesday, April 15th. They issued a "hold" rating and a $58.00 target price on the stock. DA Davidson raised shares of NIKE to a "strong-buy" rating in a research note on Monday, December 23rd. Truist Financial dropped their target price on shares of NIKE from $90.00 to $82.00 and set a "buy" rating for the company in a report on Friday, March 21st. Finally, UBS Group dropped their price objective on NIKE from $73.00 to $66.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. Sixteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $83.19.

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.