Capitolis Liquid Global Markets LLC Boosts Stock Holdings in NIKE, Inc. (NYSE:NKE)

Capitolis Liquid Global Markets LLC increased its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 40.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 310,000 shares of the footwear maker's stock after acquiring an additional 90,000 shares during the period. Capitolis Liquid Global Markets LLC's holdings in NIKE were worth $23,458,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NKE. Wellington Management Group LLP raised its stake in shares of NIKE by 32.4% during the fourth quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker's stock valued at $2,749,903,000 after acquiring an additional 8,898,591 shares during the last quarter. Geode Capital Management LLC grew its position in shares of NIKE by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 25,376,558 shares of the footwear maker's stock worth $1,915,110,000 after buying an additional 347,178 shares during the last quarter. Capital World Investors increased its stake in shares of NIKE by 10.3% during the fourth quarter. Capital World Investors now owns 24,545,937 shares of the footwear maker's stock valued at $1,857,389,000 after buying an additional 2,288,627 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of NIKE by 18.1% during the fourth quarter. Bank of New York Mellon Corp now owns 20,367,993 shares of the footwear maker's stock valued at $1,541,246,000 after acquiring an additional 3,121,929 shares in the last quarter. Finally, Norges Bank purchased a new stake in NIKE in the fourth quarter worth $1,126,288,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Trading Down 2.1 %

NYSE NKE opened at $57.37 on Tuesday. NIKE, Inc. has a one year low of $52.28 and a one year high of $98.04. 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 company has a market capitalization of $84.86 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15. The company's 50-day simple moving average is $64.16 and its two-hundred day simple moving average is $71.82.

NIKE (NYSE:NKE - Get Free Report) last posted its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.26. The company had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. NIKE's revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 earnings per share. Equities analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be issued a $0.40 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.79%. NIKE's dividend payout ratio is presently 53.16%.

Insider Buying and Selling at NIKE

In other NIKE news, Director Robert Holmes Swan purchased 8,600 shares of the stock in a transaction on Friday, April 4th. The stock was acquired at an average price of $58.46 per share, with a total value of $502,756.00. Following the completion of the acquisition, the director now owns 31,983 shares in the company, valued at $1,869,726.18. The trade was a 36.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Mark G. Parker sold 169,732 shares of the company's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the transaction, the chairman now owns 896,632 shares in the company, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NKE shares. Telsey Advisory Group reiterated a "market perform" rating and set a $80.00 price target on shares of NIKE in a research report on Monday, March 17th. Wells Fargo & Company lowered NIKE from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $75.00 to $55.00 in a research report on Wednesday, April 30th. Piper Sandler decreased their price objective on NIKE from $90.00 to $70.00 and set an "overweight" rating for the company in a report on Friday, April 11th. UBS Group dropped their target price on shares of NIKE from $73.00 to $66.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Finally, Jefferies Financial Group upgraded shares of NIKE from a "hold" rating to a "buy" rating and increased their price target for the stock from $75.00 to $115.00 in a research note on Monday, February 24th. Seventeen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $80.85.

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.

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