Vinva Investment Management Ltd Has $4.44 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

Vinva Investment Management Ltd raised its stake in shares of NIKE, Inc. (NYSE:NKE) by 69.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,422 shares of the footwear maker’s stock after purchasing an additional 24,390 shares during the period. Vinva Investment Management Ltd’s holdings in NIKE were worth $4,436,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Teachers Insurance & Annuity Association of America acquired a new position in NIKE during the third quarter valued at approximately $30,000. Caitlin John LLC grew its stake in shares of NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after acquiring an additional 200 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of NIKE in the fourth quarter worth $28,000. Roxbury Financial LLC acquired a new stake in shares of NIKE in the fourth quarter worth $30,000. Finally, LFA Lugano Financial Advisors SA grew its stake in shares of NIKE by 110.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock worth $30,000 after acquiring an additional 210 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. DA Davidson upgraded shares of NIKE to a “strong-buy” rating in a research note on Monday, December 23rd. Bank of America lowered their price objective on shares of NIKE from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Truist Financial lowered their price objective on shares of NIKE from $97.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Needham & Company LLC decreased their price target on shares of NIKE from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $80.00 price target on shares of NIKE in a research note on Monday. Fifteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, NIKE currently has an average rating of “Moderate Buy” and a consensus price target of $89.54.

Insiders Place Their Bets

In other news, Director John W. Rogers, Jr. acquired 2,500 shares of the company’s stock in a transaction on Friday, December 27th. The stock was purchased at an average cost of $76.65 per share, with a total value of $191,625.00. Following the acquisition, the director now owns 34,403 shares of the company’s stock, valued at $2,636,989.95. This trade represents a 7.84 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Mark G. Parker sold 169,732 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the sale, the chairman now directly owns 896,632 shares of the company’s stock, valued at $65,301,708.56. This represents a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

NIKE Stock Performance

NIKE stock opened at $72.92 on Thursday. The stock has a 50-day simple moving average of $74.76 and a 200 day simple moving average of $77.60. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 12-month low of $68.62 and a 12-month high of $101.92. The stock has a market capitalization of $107.86 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 2.52 and a beta of 1.02.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.15. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business had revenue of $12.35 billion during the quarter, compared to analysts’ expectations of $12.11 billion. During the same period in the previous year, the business posted $1.03 earnings per share. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. On average, research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 2.19%. NIKE’s dividend payout ratio is currently 49.38%.

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.