United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Invests $280,000 in NIKE, Inc. (NYSE:NKE)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of NIKE, Inc. (NYSE:NKE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,700 shares of the footwear maker’s stock, valued at approximately $280,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Heck Capital Advisors LLC purchased a new position in shares of NIKE during the fourth quarter valued at approximately $28,000. Caitlin John LLC increased its position in NIKE by 117.0% during the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 200 shares during the period. Teachers Insurance & Annuity Association of America bought a new position in NIKE in the 3rd quarter worth $30,000. Roxbury Financial LLC purchased a new stake in shares of NIKE in the 4th quarter worth about $30,000. Finally, LFA Lugano Financial Advisors SA boosted its stake in shares of NIKE by 110.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock valued at $30,000 after purchasing an additional 210 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NKE shares. Royal Bank of Canada decreased their price target on shares of NIKE from $67.00 to $66.00 and set a “sector perform” rating for the company in a research note on Friday, March 21st. Cfra Research upgraded NIKE to a “moderate buy” rating in a research note on Friday, March 21st. Bank of America reduced their price target on NIKE from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. BMO Capital Markets lowered their price objective on NIKE from $95.00 to $92.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. Finally, China Renaissance started coverage on shares of NIKE in a research report on Wednesday, March 19th. They issued a “hold” rating on the stock. Fifteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, NIKE currently has an average rating of “Moderate Buy” and an average price target of $87.38.

NIKE Stock Down 1.2 %

NIKE stock opened at $65.76 on Thursday. The stock has a market cap of $97.26 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The stock has a fifty day moving average of $74.42 and a 200 day moving average of $77.13. NIKE, Inc. has a one year low of $64.95 and a one year high of $98.04.

NIKE (NYSE:NKE) last issued its quarterly earnings data 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. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $11.02 billion. During the same quarter in the prior year, the business earned $0.98 EPS. The business’s quarterly revenue was down 9.1% on a year-over-year basis. As a group, sell-side analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a $0.40 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.43%. NIKE’s dividend payout ratio (DPR) is 53.16%.

Insider Buying and Selling

In other news, Director John W. Rogers, Jr. bought 2,500 shares of the firm’s stock in a transaction on Friday, December 27th. The shares were bought at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the purchase, the director now owns 34,403 shares in the company, valued at approximately $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the completion of the transaction, the chairman now owns 896,632 shares of the company’s stock, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

About NIKE

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.