NIKE, Inc. $NKE Shares Purchased by UniSuper Management Pty Ltd

Key Points

• UniSuper Management Pty Ltd increased its stake in NIKE, Inc. by 2.9%, now holding 167,525 shares valued at approximately $10.63 million.
• NIKE's chairman, Mark G. Parker, sold 86,078 shares at an average price of $75.93, reducing his stake by 10.36% to approximately $56.57 million.
• The company announced a quarterly dividend of $0.40 per share, reflecting an annual yield of 2.2%, with the ex-dividend date set for September 2nd.

UniSuper Management Pty Ltd boosted its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 2.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 167,525 shares of the footwear maker's stock after buying an additional 4,700 shares during the period. UniSuper Management Pty Ltd's holdings in NIKE were worth $10,634,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Peregrine Asset Advisers Inc. boosted its stake in NIKE by 1.2% in the 1st quarter. Peregrine Asset Advisers Inc. now owns 15,119 shares of the footwear maker's stock worth $934,000 after buying an additional 181 shares during the last quarter. Aaron Wealth Advisors LLC boosted its stake in NIKE by 4.3% in the 1st quarter. Aaron Wealth Advisors LLC now owns 4,666 shares of the footwear maker's stock worth $296,000 after buying an additional 192 shares during the last quarter. Crew Capital Management Ltd. boosted its stake in NIKE by 1.4% in the 1st quarter. Crew Capital Management Ltd. now owns 13,752 shares of the footwear maker's stock worth $873,000 after buying an additional 192 shares during the last quarter. Sculati Wealth Management LLC boosted its stake in NIKE by 1.4% in the 4th quarter. Sculati Wealth Management LLC now owns 14,387 shares of the footwear maker's stock worth $1,089,000 after buying an additional 195 shares during the last quarter. Finally, Centaurus Financial Inc. lifted its stake in shares of NIKE by 9.6% in the 4th quarter. Centaurus Financial Inc. now owns 2,258 shares of the footwear maker's stock valued at $171,000 after purchasing an additional 198 shares in the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NIKE

In other news, Chairman Mark G. Parker sold 86,078 shares of the business's stock in a transaction that occurred on 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 in the company, valued at approximately $56,566,938.84. The trade was a 10.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.80% of the company's stock.

NIKE Stock Performance

Shares of NKE opened at $73.91 on Monday. The business's 50 day moving average is $75.48 and its two-hundred day moving average is $67.85. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $90.62. The firm has a market cap of $109.16 billion, a price-to-earnings ratio of 34.22, a PEG ratio of 2.69 and a beta of 1.24. The company has a quick ratio of 1.50, a current ratio of 2.21 and a debt-to-equity ratio of 0.60.

NIKE (NYSE:NKE - Get Free Report) last announced its earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. NIKE had a return on equity of 23.33% and a net margin of 6.95%.The company had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same period in the prior year, the company posted $0.99 EPS. NIKE's quarterly revenue was down 11.9% on a year-over-year basis. Analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 2nd. NIKE's dividend payout ratio is presently 74.07%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on NIKE from $77.00 to $71.00 and set a "buy" rating on the stock in a research note on Friday, June 20th. Robert W. Baird lifted their price objective on NIKE from $80.00 to $88.00 and gave the company an "outperform" rating in a research note on Friday, June 27th. Needham & Company LLC lifted their price objective on NIKE from $66.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Evercore ISI reduced their price objective on NIKE from $97.00 to $75.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 24th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $70.00 price objective on shares of NIKE in a research note on Friday, June 27th. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, NIKE presently has a consensus rating of "Moderate Buy" and an average target price of $78.22.

About NIKE

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.