OVERSEA CHINESE BANKING Corp Ltd Acquires 86,093 Shares of NIKE, Inc. (NYSE:NKE)

OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 42.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 291,292 shares of the footwear maker's stock after purchasing an additional 86,093 shares during the period. NIKE accounts for approximately 1.1% of OVERSEA CHINESE BANKING Corp Ltd's holdings, making the stock its 25th largest holding. OVERSEA CHINESE BANKING Corp Ltd's holdings in NIKE were worth $31,608,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Signaturefd LLC increased its holdings in NIKE by 21.8% during the 4th quarter. Signaturefd LLC now owns 22,830 shares of the footwear maker's stock valued at $2,479,000 after purchasing an additional 4,084 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in NIKE by 2.9% during the 4th quarter. Verdence Capital Advisors LLC now owns 4,144 shares of the footwear maker's stock valued at $450,000 after purchasing an additional 116 shares in the last quarter. Lindbrook Capital LLC increased its holdings in NIKE by 25.9% during the 4th quarter. Lindbrook Capital LLC now owns 6,396 shares of the footwear maker's stock valued at $694,000 after purchasing an additional 1,316 shares in the last quarter. Calamos Wealth Management LLC increased its holdings in NIKE by 36.4% during the 4th quarter. Calamos Wealth Management LLC now owns 94,932 shares of the footwear maker's stock valued at $10,307,000 after purchasing an additional 25,341 shares in the last quarter. Finally, Planning Directions Inc. acquired a new stake in NIKE during the 4th quarter valued at $212,000. 64.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NKE has been the topic of a number of recent research reports. Williams Trading reiterated a "sell" rating and issued a $85.00 price objective (down from $92.00) on shares of NIKE in a research report on Monday, March 18th. Wedbush reiterated an "outperform" rating and issued a $115.00 price objective on shares of NIKE in a research report on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft decreased their price objective on NIKE from $132.00 to $128.00 and set a "buy" rating on the stock in a research report on Friday, December 22nd. TheStreet lowered NIKE from a "b" rating to a "c+" rating in a research report on Tuesday, January 9th. Finally, Truist Financial reiterated a "hold" rating and issued a $111.00 price objective on shares of NIKE in a research report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $116.26.

NIKE Stock Down 1.3 %

Shares of NIKE stock traded down $1.21 during trading on Friday, reaching $94.53. The stock had a trading volume of 11,241,901 shares, compared to its average volume of 11,692,355. The company has a market capitalization of $142.68 billion, a price-to-earnings ratio of 27.80, a P/E/G ratio of 1.85 and a beta of 1.08. The stock has a fifty day moving average price of $98.11 and a two-hundred day moving average price of $103.42. NIKE, Inc. has a 52 week low of $88.66 and a 52 week high of $128.68. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.29. The company had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. Sell-side analysts predict that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were issued a dividend of $0.37 per share. The ex-dividend date was Friday, March 1st. This represents a $1.48 annualized dividend and a yield of 1.57%. NIKE's payout ratio is presently 43.53%.

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.