NIKE, Inc. (NYSE:NKE) Shares Bought by Soros Fund Management LLC

Soros Fund Management LLC raised its position in NIKE, Inc. (NYSE:NKE - Free Report) by 32.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 162,320 shares of the footwear maker's stock after buying an additional 40,000 shares during the period. Soros Fund Management LLC's holdings in NIKE were worth $12,283,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of NKE. Tidal Investments LLC raised its holdings in shares of NIKE by 65.4% during the third quarter. Tidal Investments LLC now owns 105,571 shares of the footwear maker's stock valued at $9,332,000 after acquiring an additional 41,752 shares during the last quarter. Denver PWM LLC boosted its stake in NIKE by 9.7% during the third quarter. Denver PWM LLC now owns 2,574 shares of the footwear maker's stock worth $228,000 after buying an additional 227 shares during the period. Confluence Investment Management LLC boosted its position in shares of NIKE by 6.3% during the 4th quarter. Confluence Investment Management LLC now owns 246,080 shares of the footwear maker's stock worth $18,621,000 after purchasing an additional 14,592 shares during the period. Cacti Asset Management LLC acquired a new stake in shares of NIKE in the fourth quarter valued at $9,987,000. Finally, GAMMA Investing LLC grew its position in NIKE by 1.0% in the 4th quarter. GAMMA Investing LLC now owns 15,014 shares of the footwear maker's stock valued at $1,136,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company's stock.

Insider Transactions at NIKE

In related news, Chairman Mark G. Parker sold 169,732 shares of the firm's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the sale, the chairman now owns 896,632 shares in the company, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Holmes Swan bought 8,600 shares of the company's stock in a transaction on Friday, April 4th. The shares were acquired at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the transaction, the director now directly owns 31,983 shares in the company, valued at $1,869,726.18. This trade represents a 36.78 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company's stock.

NIKE Stock Performance

NYSE:NKE traded up $1.89 during trading hours on Friday, reaching $58.65. 14,697,524 shares of the company's stock were exchanged, compared to its average volume of 14,529,279. 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 capitalization of $86.75 billion, a price-to-earnings ratio of 18.10, a P/E/G ratio of 2.52 and a beta of 1.15. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $98.04. The company has a 50-day moving average of $65.10 and a 200 day moving average of $72.32.

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, topping the consensus estimate of $0.28 by $0.26. The business had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business's quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Research analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Monday, June 2nd. NIKE's payout ratio is currently 53.16%.

Analysts Set New Price Targets

Several equities analysts have commented on NKE shares. UBS Group decreased their price target on shares of NIKE from $73.00 to $66.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. BMO Capital Markets decreased their target price on NIKE from $95.00 to $92.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Berenberg Bank initiated coverage on NIKE in a report on Tuesday, April 15th. They set a "hold" rating and a $58.00 price target on the stock. Needham & Company LLC reduced their price target on NIKE from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Finally, Truist Financial lowered their price objective on NIKE from $90.00 to $82.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Seventeen equities 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.15.

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.