Public Employees Retirement System of Ohio Lowers Stock Position in NIKE, Inc. (NYSE:NKE)

Public Employees Retirement System of Ohio lowered its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 5.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 527,455 shares of the footwear maker's stock after selling 28,872 shares during the period. Public Employees Retirement System of Ohio's holdings in NIKE were worth $39,913,000 as of its most recent filing with the SEC.

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

Insider Activity at NIKE

In other NIKE news, Director Robert Holmes Swan acquired 8,600 shares of the company's stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average cost of $58.46 per share, with a total value of $502,756.00. Following the completion of the transaction, the director now directly owns 31,983 shares of the company's stock, valued at approximately $1,869,726.18. This represents a 36.78% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is currently owned by insiders.

NIKE Stock Down 0.5%

NKE traded down $0.33 during trading on Thursday, reaching $61.45. The stock had a trading volume of 6,281,010 shares, compared to its average volume of 14,942,540. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $90.90 billion, a price-to-earnings ratio of 18.95, a P/E/G ratio of 2.52 and a beta of 1.23. The stock's 50 day moving average is $59.32 and its two-hundred day moving average is $69.89. NIKE, Inc. has a one year low of $52.28 and a one year high of $98.04.

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

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Monday, June 2nd. NIKE's payout ratio is 53.16%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. The Goldman Sachs Group cut their price target on shares of NIKE from $88.00 to $72.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Needham & Company LLC decreased their target price on NIKE from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Monday, March 17th. Truist Financial cut their price target on NIKE from $90.00 to $82.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Cfra Research raised shares of NIKE to a "moderate buy" rating in a research note on Friday, March 21st. Finally, Citigroup decreased their price target on shares of NIKE from $72.00 to $57.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Seventeen analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $80.26.

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.