Mawer Investment Management Ltd. Sells 112,942 Shares of NIKE, Inc. $NKE

Mawer Investment Management Ltd. trimmed its holdings in NIKE, Inc. (NYSE:NKE) by 9.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,070,117 shares of the footwear maker’s stock after selling 112,942 shares during the quarter. Mawer Investment Management Ltd.’s holdings in NIKE were worth $68,177,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Mizuho Markets Cayman LP acquired a new position in shares of NIKE in the third quarter valued at $34,200,000. PFA Pension Forsikringsaktieselskab acquired a new position in shares of NIKE in the fourth quarter valued at $43,188,000. Strive Asset Management LLC acquired a new position in shares of NIKE in the third quarter valued at $1,743,000. Nicholas Company Inc. raised its stake in shares of NIKE by 33.3% in the fourth quarter. Nicholas Company Inc. now owns 123,652 shares of the footwear maker’s stock valued at $7,878,000 after purchasing an additional 30,890 shares in the last quarter. Finally, Park National Corp OH raised its stake in shares of NIKE by 81.5% in the fourth quarter. Park National Corp OH now owns 431,055 shares of the footwear maker’s stock valued at $27,463,000 after purchasing an additional 193,514 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on NKE shares. Barclays cut their target price on NIKE from $73.00 to $67.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Bank of America reiterated a “neutral” rating and set a $55.00 price objective (down from $73.00) on shares of NIKE in a research note on Wednesday, April 1st. Robert W. Baird dropped their price objective on NIKE from $85.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, April 1st. Wall Street Zen upgraded NIKE from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, CICC Research lowered NIKE from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $69.00 to $58.00 in a research note on Monday, April 6th. Sixteen investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $62.04.

Insider Transactions at NIKE

In other news, Director Robert Holmes Swan purchased 11,781 shares of the firm’s stock in a transaction that occurred on Tuesday, April 7th. The shares were acquired at an average price of $42.44 per share, for a total transaction of $499,985.64. Following the completion of the acquisition, the director directly owned 55,074 shares in the company, valued at approximately $2,337,340.56. The trade was a 27.21% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John W. Rogers, Jr. purchased 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The stock was purchased at an average price of $43.34 per share, for a total transaction of $173,360.00. Following the acquisition, the director owned 41,022 shares of the company’s stock, valued at $1,777,893.48. The trade was a 10.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 64,441 shares of company stock worth $2,734,204 in the last ninety days. 0.80% of the stock is currently owned by insiders.

NIKE Stock Performance

Shares of NYSE:NKE opened at $45.93 on Tuesday. NIKE, Inc. has a twelve month low of $41.35 and a twelve month high of $80.17. The firm has a market cap of $68.01 billion, a PE ratio of 30.42, a price-to-earnings-growth ratio of 2.45 and a beta of 1.12. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 2.14. The business has a fifty day moving average of $45.60 and a 200-day moving average of $56.61.

NIKE (NYSE:NKE) last announced its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. NIKE had a return on equity of 16.41% and a net margin of 4.84%.The company had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.23 billion. During the same period last year, the company posted $0.54 earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year. On average, equities research analysts predict that NIKE, Inc. will post 1.51 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be paid a $0.41 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.6%. NIKE’s dividend payout ratio (DPR) is 108.61%.

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).