USS Investment Management Ltd Sells 31,375 Shares of NIKE, Inc. (NYSE:NKE)

USS Investment Management Ltd decreased its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 11.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 251,316 shares of the footwear maker's stock after selling 31,375 shares during the quarter. USS Investment Management Ltd's holdings in NIKE were worth $19,023,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Heck Capital Advisors LLC bought a new stake in shares of NIKE during the fourth quarter worth $28,000. Caitlin John LLC raised its position in shares of NIKE by 117.0% during the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock worth $28,000 after acquiring an additional 200 shares during the last quarter. Roxbury Financial LLC bought a new stake in shares of NIKE during the fourth quarter worth $30,000. LFA Lugano Financial Advisors SA raised its position in shares of NIKE by 110.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after acquiring an additional 210 shares during the last quarter. Finally, Hopwood Financial Services Inc. bought a new stake in shares of NIKE during the fourth quarter worth $30,000. Institutional investors own 64.25% of the company's stock.

Insider Transactions at NIKE

In related news, Director Robert Holmes Swan purchased 8,600 shares of NIKE stock in a transaction that occurred on Friday, April 4th. The stock was purchased 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 owns 31,983 shares of the company's stock, valued at approximately $1,869,726.18. This trade represents a 36.78% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.

NIKE Trading Down 2.1%

NYSE:NKE traded down $1.30 on Friday, reaching $60.02. The company's stock had a trading volume of 14,271,999 shares, compared to its average volume of 14,940,172. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $98.04. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The firm has a market cap of $88.78 billion, a PE ratio of 18.52, a PEG ratio of 2.52 and a beta of 1.23. The business's 50-day moving average price is $59.88 and its two-hundred day moving average price is $70.18.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.26. The company had revenue of $11.27 billion during the quarter, compared to analysts' expectations of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. NIKE's revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. Equities research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders 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 annualized dividend and a dividend yield of 2.67%. NIKE's dividend payout ratio is currently 53.16%.

Wall Street Analyst Weigh In

NKE has been the subject of a number of recent research reports. Citigroup dropped their target price on NIKE from $72.00 to $57.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Royal Bank of Canada dropped their target price on NIKE from $66.00 to $65.00 and set a "sector perform" rating for the company in a research report on Tuesday. Jefferies Financial Group upgraded NIKE from a "hold" rating to a "buy" rating and boosted their target price for the stock from $75.00 to $115.00 in a research report on Monday, February 24th. Bank of America dropped their target price on NIKE from $90.00 to $80.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Morgan Stanley dropped their target price on NIKE from $72.00 to $70.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. Seventeen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned 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 a consensus price target 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.