Aware Super Pty Ltd as trustee of Aware Super Raises Stake in NIKE, Inc. $NKE

Key Points

• Aware Super Pty Ltd increased its stake in NIKE, Inc. by 123.4% during Q2, owning a total of 252,226 shares worth approximately $17.9 million.
• Insider transactions revealed a notable sale by Chairman Mark G. Parker, who sold over 86,000 shares, resulting in a 10.36% decrease in his ownership.
• Several analysts have raised their price targets for NIKE, with Bank of America increasing its target from $80 to $84, maintaining a "buy" rating.

Aware Super Pty Ltd as trustee of Aware Super boosted its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 123.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 252,226 shares of the footwear maker's stock after buying an additional 139,339 shares during the period. Aware Super Pty Ltd as trustee of Aware Super's holdings in NIKE were worth $17,918,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Turtle Creek Wealth Advisors LLC increased its position in shares of NIKE by 26.8% in the second quarter. Turtle Creek Wealth Advisors LLC now owns 19,048 shares of the footwear maker's stock worth $1,353,000 after acquiring an additional 4,021 shares in the last quarter. WealthPlan Investment Management LLC lifted its holdings in shares of NIKE by 19.9% during the 2nd quarter. WealthPlan Investment Management LLC now owns 93,525 shares of the footwear maker's stock valued at $6,644,000 after acquiring an additional 15,533 shares in the last quarter. Smart Portfolios LLC boosted its position in NIKE by 4.4% during the 2nd quarter. Smart Portfolios LLC now owns 6,460 shares of the footwear maker's stock worth $459,000 after purchasing an additional 270 shares during the period. Rosenberg Matthew Hamilton increased its holdings in NIKE by 231.1% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 3,427 shares of the footwear maker's stock valued at $243,000 after purchasing an additional 2,392 shares in the last quarter. Finally, Ritholtz Wealth Management raised its position in NIKE by 5.1% in the second quarter. Ritholtz Wealth Management now owns 9,392 shares of the footwear maker's stock valued at $667,000 after purchasing an additional 453 shares during the period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NIKE

In related news, Chairman Mark G. Parker sold 86,078 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $75.93, for a total value of $6,535,902.54. Following the completion of the sale, the chairman directly owned 744,988 shares of the company's stock, valued at $56,566,938.84. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Treasure Heinle sold 4,300 shares of the company's stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $71.27, for a total value of $306,461.00. Following the sale, the executive vice president owned 29,396 shares in the company, valued at $2,095,052.92. The trade was a 12.76% decrease in their position. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Bank of America upped their target price on NIKE from $80.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Jefferies Financial Group restated a "buy" rating and issued a $115.00 price target on shares of NIKE in a report on Monday, September 29th. Royal Bank Of Canada reiterated an "outperform" rating on shares of NIKE in a research note on Friday, October 10th. TD Cowen raised shares of NIKE from a "hold" rating to a "buy" rating and boosted their target price for the stock from $62.00 to $85.00 in a research report on Wednesday, September 10th. Finally, Piper Sandler set a $84.00 target price on shares of NIKE and gave the company an "overweight" rating in a research note on Wednesday, October 1st. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, NIKE presently has a consensus rating of "Moderate Buy" and an average price target of $82.21.

NIKE Stock Up 1.2%

NKE stock opened at $68.45 on Thursday. The company has a current ratio of 2.19, a quick ratio of 1.45 and a debt-to-equity ratio of 0.59. The firm has a 50 day simple moving average of $73.38 and a 200-day simple moving average of $67.34. The company has a market capitalization of $101.18 billion, a P/E ratio of 35.10, a PEG ratio of 2.49 and a beta of 1.29. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $84.76.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings data on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.22. The firm had revenue of $11.72 billion for the quarter, compared to the consensus estimate of $10.96 billion. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The firm's revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.70 EPS. On average, equities research analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.3%. NIKE's dividend payout ratio (DPR) is presently 82.05%.

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.

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