Schroder Investment Management Group Has $164.76 Million Stock Holdings in NIKE, Inc. $NKE

Schroder Investment Management Group trimmed its holdings in shares of NIKE, Inc. (NYSE:NKE) by 5.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,362,848 shares of the footwear maker’s stock after selling 134,204 shares during the period. Schroder Investment Management Group’s holdings in NIKE were worth $164,761,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Inceptionr LLC acquired a new position in shares of NIKE in the 3rd quarter valued at about $561,000. Gerber Kawasaki Wealth & Investment Management acquired a new stake in shares of NIKE during the third quarter worth approximately $204,000. Diversify Advisory Services LLC grew its position in NIKE by 2.5% during the third quarter. Diversify Advisory Services LLC now owns 73,287 shares of the footwear maker’s stock valued at $5,110,000 after purchasing an additional 1,763 shares in the last quarter. Pinnacle Associates Ltd. grew its position in NIKE by 10.2% during the third quarter. Pinnacle Associates Ltd. now owns 22,142 shares of the footwear maker’s stock valued at $1,544,000 after purchasing an additional 2,046 shares in the last quarter. Finally, TPG Financial Advisors LLC increased its stake in NIKE by 4.8% in the 3rd quarter. TPG Financial Advisors LLC now owns 3,666 shares of the footwear maker’s stock valued at $256,000 after buying an additional 168 shares during the period. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Robert Holmes Swan acquired 8,691 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The stock was acquired at an average cost of $57.54 per share, with a total value of $500,080.14. Following the acquisition, the director owned 43,293 shares in the company, valued at approximately $2,491,079.22. This represents a 25.12% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Timothy D. Cook bought 50,000 shares of the stock in a transaction that occurred on Monday, December 22nd. The stock was purchased at an average price of $58.97 per share, for a total transaction of $2,948,500.00. Following the completion of the purchase, the director directly owned 105,480 shares in the company, valued at $6,220,155.60. The trade was a 90.12% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders bought 75,079 shares of company stock valued at $4,449,887. Company insiders own 0.80% of the company’s stock.

NIKE Stock Performance

Shares of NYSE NKE opened at $56.56 on Tuesday. The business’s 50-day simple moving average is $63.17 and its 200-day simple moving average is $66.19. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.06. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $80.19. The firm has a market cap of $83.73 billion, a price-to-earnings ratio of 33.27, a P/E/G ratio of 2.92 and a beta of 1.27.

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

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, March 2nd. NIKE’s payout ratio is presently 96.47%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Citigroup reiterated a “neutral” rating and issued a $65.00 target price (down from $70.00) on shares of NIKE in a research report on Friday, December 19th. Daiwa Securities Group dropped their price target on shares of NIKE from $75.00 to $61.00 in a research note on Tuesday, December 23rd. Sanford C. Bernstein reiterated a “buy” rating on shares of NIKE in a report on Thursday, March 5th. Oppenheimer reissued an “outperform” rating on shares of NIKE in a research report on Wednesday, December 17th. Finally, Wells Fargo & Company set a $65.00 target price on NIKE and gave the company an “overweight” rating in a research note on Friday, December 19th. Twenty-two analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, NIKE presently has a consensus rating of “Moderate Buy” and an average price target of $74.61.

NIKE Company 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).