NIKE, Inc. $NKE Position Lessened by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. decreased its position in shares of NIKE, Inc. (NYSE:NKE) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,183,059 shares of the footwear maker’s stock after selling 26,340 shares during the quarter. Mawer Investment Management Ltd. owned about 0.08% of NIKE worth $82,495,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of NKE. Mascoma Wealth Management LLC acquired a new position in NIKE during the 2nd quarter worth $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of NIKE during the second quarter valued at $31,000. NewSquare Capital LLC raised its stake in shares of NIKE by 54.4% during the second quarter. NewSquare Capital LLC now owns 732 shares of the footwear maker’s stock valued at $52,000 after purchasing an additional 258 shares in the last quarter. Field & Main Bank lifted its holdings in NIKE by 36.4% in the second quarter. Field & Main Bank now owns 750 shares of the footwear maker’s stock worth $53,000 after purchasing an additional 200 shares during the period. Finally, Financial Consulate Inc. acquired a new stake in NIKE in the third quarter worth about $57,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NKE shares. Deutsche Bank Aktiengesellschaft set a $67.00 price target on shares of NIKE in a research note on Thursday, January 8th. Guggenheim reissued a “buy” rating on shares of NIKE in a report on Wednesday, December 31st. Berenberg Bank reissued a “neutral” rating and issued a $70.00 price objective on shares of NIKE in a research note on Friday, December 19th. Argus cut their price objective on NIKE from $85.00 to $70.00 in a report on Tuesday, December 23rd. Finally, Truist Financial set a $69.00 target price on NIKE in a report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, NIKE currently has a consensus rating of “Moderate Buy” and an average price target of $74.61.

NIKE Price Performance

NKE opened at $61.84 on Monday. The firm has a market capitalization of $91.55 billion, a P/E ratio of 36.38, a PEG ratio of 3.16 and a beta of 1.27. The stock has a fifty day moving average of $63.96 and a 200-day moving average of $68.65. The company has a quick ratio of 1.40, a current ratio of 2.06 and a debt-to-equity ratio of 0.50. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $82.44.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, December 18th. The footwear maker reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.16. The company had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.19 billion. NIKE had a return on equity of 18.43% and a net margin of 5.43%.The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 EPS. Equities analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 1st were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, December 1st. This is a boost from NIKE’s previous quarterly dividend of $0.40. NIKE’s dividend payout ratio (DPR) is presently 96.47%.

Insider Transactions at NIKE

In related news, Director Jorgen Vig Knudstorp purchased 16,150 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was bought at an average price of $62.09 per share, for a total transaction of $1,002,753.50. Following the purchase, the director owned 21,388 shares in the company, valued at $1,327,980.92. The trade was a 308.32% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Elliott Hill bought 16,388 shares of the firm’s stock in a transaction on Monday, December 29th. The shares were bought at an average cost of $61.10 per share, with a total value of $1,001,306.80. Following the transaction, the chief executive officer directly owned 241,587 shares of the company’s stock, valued at approximately $14,760,965.70. This trade represents a 7.28% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 91,229 shares of company stock valued at $5,452,640 in the last three months. 0.80% of the stock is currently owned by company insiders.

NIKE Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).