Temasek Holdings Private Ltd Invests $19.92 Million in NIKE, Inc. (NYSE:NKE)

Temasek Holdings Private Ltd purchased a new position in shares of NIKE, Inc. (NYSE:NKE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 263,251 shares of the footwear maker's stock, valued at approximately $19,920,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Texas Bank & Trust Co purchased a new stake in shares of NIKE in the 4th quarter valued at $935,000. Tang Capital Management LLC increased its stake in NIKE by 65.5% during the fourth quarter. Tang Capital Management LLC now owns 15,789 shares of the footwear maker's stock worth $1,195,000 after purchasing an additional 6,250 shares during the period. Toronto Dominion Bank lifted its position in shares of NIKE by 183.9% during the fourth quarter. Toronto Dominion Bank now owns 2,996,972 shares of the footwear maker's stock worth $226,779,000 after purchasing an additional 1,941,375 shares in the last quarter. Sender Co & Partners Inc. acquired a new stake in shares of NIKE during the fourth quarter worth about $3,603,000. Finally, Semper Augustus Investments Group LLC boosted its stake in shares of NIKE by 2.1% in the fourth quarter. Semper Augustus Investments Group LLC now owns 35,600 shares of the footwear maker's stock valued at $2,694,000 after purchasing an additional 726 shares during the period. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Stock Performance

NKE stock traded up $0.41 during trading on Tuesday, hitting $62.49. The company had a trading volume of 10,764,253 shares, compared to its average volume of 14,839,147. The firm has a 50-day moving average price of $60.63 and a 200-day moving average price of $70.49. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The firm has a market cap of $92.43 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $98.04.

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

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be given a dividend of $0.40 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.56%. NIKE's payout ratio is currently 53.16%.

Insider Transactions at NIKE

In other NIKE news, Director Robert Holmes Swan bought 8,600 shares of the business's stock in a transaction dated Friday, April 4th. The stock was acquired at an average cost of $58.46 per share, with a total value of $502,756.00. Following the purchase, the director now owns 31,983 shares in the company, valued at approximately $1,869,726.18. This represents a 36.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NKE shares. Barclays reduced their target price on shares of NIKE from $70.00 to $60.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. The Goldman Sachs Group reduced their price objective on NIKE from $88.00 to $72.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Needham & Company LLC cut their price target on NIKE from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Monday, March 17th. BMO Capital Markets decreased their price objective on NIKE from $95.00 to $92.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Finally, Guggenheim reissued a "buy" rating and set a $110.00 price objective on shares of NIKE in a research report on Wednesday, February 12th. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $80.26.

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.