409,000 Shares in NIKE, Inc. (NYSE:NKE) Acquired by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd purchased a new stake in NIKE, Inc. (NYSE:NKE) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 409,000 shares of the footwear maker’s stock, valued at approximately $25,963,000.

Other institutional investors have also recently bought and sold shares of the company. Spire Wealth Management lifted its stake in NIKE by 4.4% in the first quarter. Spire Wealth Management now owns 9,872 shares of the footwear maker’s stock valued at $627,000 after buying an additional 416 shares in the last quarter. Capitolis Liquid Global Markets LLC lifted its stake in NIKE by 40.9% in the fourth quarter. Capitolis Liquid Global Markets LLC now owns 310,000 shares of the footwear maker’s stock valued at $23,458,000 after buying an additional 90,000 shares in the last quarter. Janus Henderson Group PLC lifted its stake in NIKE by 8.3% in the fourth quarter. Janus Henderson Group PLC now owns 6,081,021 shares of the footwear maker’s stock valued at $460,160,000 after buying an additional 463,470 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its stake in NIKE by 0.6% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,008,340 shares of the footwear maker’s stock valued at $69,932,000 after buying an additional 5,601 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its stake in NIKE by 3.3% in the fourth quarter. Evergreen Capital Management LLC now owns 237,199 shares of the footwear maker’s stock valued at $18,042,000 after buying an additional 7,536 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NKE. Morgan Stanley lifted their price objective on shares of NIKE from $61.00 to $64.00 and gave the company an “equal weight” rating in a report on Friday, June 27th. Evercore ISI lowered their price objective on shares of NIKE from $97.00 to $75.00 and set an “outperform” rating on the stock in a report on Tuesday, June 24th. Telsey Advisory Group reiterated a “market perform” rating and issued a $70.00 price objective on shares of NIKE in a report on Friday, June 27th. Piper Sandler lifted their price objective on shares of NIKE from $70.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, June 27th. Finally, Williams Trading lowered their price objective on shares of NIKE from $93.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.22.

NIKE Stock Performance

Shares of NYSE:NKE opened at $74.07 on Tuesday. The company’s 50 day moving average price is $69.95 and its two-hundred day moving average price is $67.55. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $90.62. The firm has a market cap of $109.39 billion, a PE ratio of 34.29, a PEG ratio of 2.70 and a beta of 1.27. The company has a quick ratio of 1.50, a current ratio of 2.21 and a debt-to-equity ratio of 0.60.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.69 billion. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The business’s revenue was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.99 EPS. Equities research analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. NIKE’s dividend payout ratio (DPR) is currently 74.07%.

Insider Activity

In related news, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the sale, the chairman owned 842,361 shares in the company, valued at approximately $60,894,276.69. This trade represents a 11.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.80% of the company’s stock.

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.