NIKE, Inc. (NYSE:NKE) Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd raised its position in NIKE, Inc. (NYSE:NKE - Free Report) by 9.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 241,537 shares of the footwear maker's stock after purchasing an additional 21,631 shares during the quarter. IFM Investors Pty Ltd's holdings in NIKE were worth $15,333,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in shares of NIKE by 32.4% in the fourth 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 period. Geode Capital Management LLC increased its stake in shares of NIKE by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 25,376,558 shares of the footwear maker's stock valued at $1,915,110,000 after acquiring an additional 347,178 shares during the period. Capital World Investors increased its stake in shares of NIKE by 10.3% during the fourth quarter. Capital World Investors now owns 24,545,937 shares of the footwear maker's stock valued at $1,857,389,000 after acquiring an additional 2,288,627 shares during the period. Norges Bank acquired a new position in shares of NIKE during the fourth quarter valued at approximately $1,126,288,000. Finally, Northern Trust Corp increased its stake in shares of NIKE by 8.8% during the fourth quarter. Northern Trust Corp now owns 14,690,435 shares of the footwear maker's stock valued at $1,111,625,000 after acquiring an additional 1,183,641 shares during the period. Institutional investors and hedge funds own 64.25% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Evercore ISI lowered their price objective on shares of NIKE from $97.00 to $75.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 24th. Citigroup raised their price objective on shares of NIKE from $57.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, June 27th. Cfra Research upgraded shares of NIKE to a "moderate buy" rating in a research note on Friday, March 21st. Needham & Company LLC raised their price objective on shares of NIKE from $66.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Finally, Truist Financial lowered their price objective on shares of NIKE from $82.00 to $73.00 and set a "buy" rating on the stock in a research note on Tuesday, June 24th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, NIKE presently has a consensus rating of "Moderate Buy" and an average price target of $77.19.

NIKE Trading Down 0.1%

NIKE stock opened at $76.28 on Friday. The company has a 50 day moving average price of $62.36 and a 200 day moving average price of $67.49. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $90.62. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.50 and a current ratio of 2.21. The firm has a market capitalization of $112.83 billion, a price-to-earnings ratio of 35.31, a P/E/G ratio of 2.77 and a beta of 1.25.

NIKE (NYSE:NKE - Get Free Report) last released its earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The company had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.69 billion. During the same quarter in the prior year, the firm earned $0.99 EPS. The company's revenue was down 11.9% compared to the same quarter last year. Research analysts forecast 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, July 1st. Stockholders of record on Monday, June 2nd were issued a dividend of $0.40 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.10%. NIKE's dividend payout ratio is currently 74.07%.

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.

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