American Century Companies Inc. Purchases 322,866 Shares of NIKE, Inc. $NKE

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

American Century Companies Inc. raised its position in NIKE, Inc. (NYSE:NKE - Free Report) by 35.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,229,745 shares of the footwear maker's stock after buying an additional 322,866 shares during the quarter. American Century Companies Inc. owned about 0.08% of NIKE worth $78,064,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in NKE. Brighton Jones LLC lifted its stake in NIKE by 388.5% during the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker's stock worth $15,316,000 after purchasing an additional 160,980 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in shares of NIKE by 10.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 190,915 shares of the footwear maker's stock worth $14,447,000 after buying an additional 17,888 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of NIKE by 0.3% during the 4th quarter. NewEdge Advisors LLC now owns 71,221 shares of the footwear maker's stock worth $5,389,000 after buying an additional 230 shares during the last quarter. Forum Financial Management LP boosted its stake in NIKE by 14.1% in the fourth quarter. Forum Financial Management LP now owns 6,431 shares of the footwear maker's stock valued at $487,000 after buying an additional 795 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in NIKE by 269.6% in the fourth quarter. Capital Research Global Investors now owns 2,429,708 shares of the footwear maker's stock valued at $183,854,000 after buying an additional 1,772,342 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Stock Performance

Shares of NIKE stock opened at $77.17 on Monday. The business has a 50-day simple moving average of $71.05 and a 200 day simple moving average of $67.56. NIKE, Inc. has a one year low of $52.28 and a one year high of $90.62. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50. The firm has a market capitalization of $113.97 billion, a price-to-earnings ratio of 35.73, a PEG ratio of 2.80 and a beta of 1.27.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. NIKE had a return on equity of 23.33% and a net margin of 6.95%. The firm had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.69 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company's quarterly revenue was down 11.9% on a year-over-year basis. On average, research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Tuesday, September 2nd. NIKE's dividend payout ratio (DPR) is currently 74.07%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Morgan Stanley boosted their target price on NIKE from $61.00 to $64.00 and gave the stock an "equal weight" rating in a research note on Friday, June 27th. Citigroup increased their price objective on shares of NIKE from $57.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, June 27th. Evercore ISI decreased their target price on shares of NIKE from $97.00 to $75.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 24th. Piper Sandler upped their price target on shares of NIKE from $70.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, June 27th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on NIKE from $77.00 to $71.00 and set a "buy" rating on the stock in a report on Friday, June 20th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $78.22.

Insider Activity

In related news, Chairman Mark G. Parker sold 110,000 shares of the company's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total value of $7,951,900.00. Following the sale, the chairman owned 842,361 shares in the company, valued at $60,894,276.69. This represents a 11.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.80% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NIKE, Inc. (NYSE:NKE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.