Provident Co of the Employees of the Hebrew University LTD Has $2.53 Million Stake in NIKE, Inc. (NYSE:NKE)

Provident Co of the Employees of the Hebrew University LTD grew its holdings in shares of NIKE, Inc. (NYSE:NKE) by 159.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,358 shares of the footwear maker’s stock after acquiring an additional 20,495 shares during the period. NIKE accounts for approximately 3.0% of Provident Co of the Employees of the Hebrew University LTD’s investment portfolio, making the stock its 13th biggest holding. Provident Co of the Employees of the Hebrew University LTD’s holdings in NIKE were worth $2,526,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cibc World Markets Corp increased its holdings in shares of NIKE by 7.2% during the fourth quarter. Cibc World Markets Corp now owns 330,606 shares of the footwear maker’s stock valued at $25,017,000 after acquiring an additional 22,338 shares in the last quarter. Arbor Capital Management Inc. ADV raised its holdings in shares of NIKE by 2.3% in the 4th quarter. Arbor Capital Management Inc. ADV now owns 15,275 shares of the footwear maker’s stock worth $1,169,000 after acquiring an additional 348 shares during the last quarter. IMG Wealth Management Inc. acquired a new stake in shares of NIKE in the 4th quarter worth about $46,000. Nicholas Company Inc. boosted its stake in NIKE by 9.3% during the 4th quarter. Nicholas Company Inc. now owns 74,267 shares of the footwear maker’s stock valued at $5,620,000 after purchasing an additional 6,297 shares during the last quarter. Finally, Glenview Trust co raised its stake in shares of NIKE by 300.4% in the fourth quarter. Glenview Trust co now owns 99,050 shares of the footwear maker’s stock worth $7,495,000 after purchasing an additional 74,310 shares during the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Price Performance

NKE stock opened at $71.72 on Monday. The firm has a 50 day simple moving average of $74.68 and a two-hundred day simple moving average of $77.77. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The stock has a market cap of $106.08 billion, a PE ratio of 22.14, a P/E/G ratio of 2.52 and a beta of 1.02. NIKE, Inc. has a one year low of $68.62 and a one year high of $101.92.

NIKE (NYSE:NKE) last released its earnings results on Thursday, December 19th. The footwear maker reported $0.78 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 for the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter in the prior year, the firm earned $1.03 earnings per share. The firm’s revenue was down 7.7% on a year-over-year basis. On average, analysts predict that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors 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 dividend on an annualized basis and a dividend yield of 2.23%. NIKE’s dividend payout ratio is 49.38%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of research firms recently commented on NKE. Deutsche Bank Aktiengesellschaft lowered their price target on NIKE from $92.00 to $82.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Stifel Nicolaus lowered their target price on shares of NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a report on Friday, December 20th. Piper Sandler upgraded shares of NIKE from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $72.00 to $90.00 in a report on Friday, January 10th. Citigroup lowered shares of NIKE from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $102.00 to $72.00 in a research note on Friday, February 7th. Finally, Wells Fargo & Company reduced their target price on NIKE from $95.00 to $92.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Fourteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $89.69.

NIKE 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.