Mawer Investment Management Ltd. Lowers Holdings in NIKE, Inc. (NYSE:NKE)


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Mawer Investment Management Ltd. decreased its stake in shares of NIKE, Inc. (NYSE:NKE) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 903,477 shares of the footwear maker’s stock after selling 66,101 shares during the quarter. Mawer Investment Management Ltd. owned about 0.06% of NIKE worth $127,813,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Key Financial Inc purchased a new position in shares of NIKE in the fourth quarter worth $25,000. Adams Wealth Management purchased a new stake in NIKE during the third quarter valued at $28,000. Tsfg LLC increased its position in NIKE by 583.3% during the fourth quarter. Tsfg LLC now owns 205 shares of the footwear maker’s stock valued at $29,000 after acquiring an additional 175 shares during the last quarter. Addison Advisors LLC purchased a new stake in NIKE during the fourth quarter valued at $30,000. Finally, DB Wealth Management Group LLC bought a new stake in NIKE during the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 64.20% of the company’s stock.

In other NIKE news, COO Andrew Campion sold 120,000 shares of the company’s stock in a transaction on Tuesday, December 8th. The shares were sold at an average price of $140.00, for a total value of $16,800,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Mark G. Parker sold 130,000 shares of the stock in a transaction dated Wednesday, December 30th. The stock was sold at an average price of $141.27, for a total transaction of $18,365,100.00. Following the sale, the chairman now owns 1,532,001 shares of the company’s stock, valued at approximately $216,425,781.27. The disclosure for this sale can be found here. Insiders have sold 444,500 shares of company stock worth $62,461,870 in the last ninety days. Corporate insiders own 3.80% of the company’s stock.

Shares of NKE stock traded down $2.52 during trading on Tuesday, hitting $134.15. 390,423 shares of the stock traded hands, compared to its average volume of 5,287,014. The firm has a market capitalization of $211.49 billion, a P/E ratio of 78.10, a price-to-earnings-growth ratio of 2.51 and a beta of 0.83. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.66 and a quick ratio of 1.97. The firm’s fifty day moving average price is $141.23 and its 200-day moving average price is $129.43. NIKE, Inc. has a 52-week low of $60.00 and a 52-week high of $147.95.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, December 17th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.15. The company had revenue of $11.24 billion for the quarter, compared to analyst estimates of $10.51 billion. NIKE had a return on equity of 34.89% and a net margin of 7.39%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.70 earnings per share. As a group, equities research analysts expect that NIKE, Inc. will post 2.96 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 1st. Stockholders of record on Monday, March 1st will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, February 26th. NIKE’s dividend payout ratio is currently 59.46%.

A number of equities analysts have recently weighed in on NKE shares. Telsey Advisory Group upped their price objective on NIKE from $155.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, December 21st. JPMorgan Chase & Co. set a $170.00 price target on NIKE and gave the company a “buy” rating in a research note on Monday, January 4th. Zacks Investment Research downgraded NIKE from a “strong-buy” rating to a “hold” rating and set a $141.00 price objective on the stock. in a research report on Wednesday, November 25th. UBS Group restated a “buy” rating and set a $167.00 price objective on shares of NIKE in a research report on Monday, December 14th. Finally, BMO Capital Markets increased their price target on NIKE from $134.00 to $160.00 and gave the stock an “outperform” rating in a report on Monday, December 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-nine have issued a buy rating to the company’s stock. NIKE currently has an average rating of “Buy” and a consensus price target of $154.63.

NIKE Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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