China Universal Asset Management Co. Ltd. Decreases Stock Holdings in NIKE, Inc. (NYSE:NKE)

China Universal Asset Management Co. Ltd. lowered its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 80.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,559 shares of the footwear maker's stock after selling 14,795 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in NIKE were worth $229,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of NIKE during the 4th quarter worth about $1,126,288,000. Wellington Management Group LLP boosted its position in shares of NIKE by 32.4% during the 4th quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker's stock worth $2,749,903,000 after purchasing an additional 8,898,591 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of NIKE by 1,302.7% during the 4th quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock worth $196,901,000 after purchasing an additional 2,416,601 shares in the last quarter. Capital World Investors raised its holdings in shares of NIKE by 10.3% in the 4th quarter. Capital World Investors now owns 24,545,937 shares of the footwear maker's stock worth $1,857,389,000 after acquiring an additional 2,288,627 shares during the last quarter. Finally, Toronto Dominion Bank raised its holdings in shares of NIKE by 183.9% in the 4th quarter. Toronto Dominion Bank now owns 2,996,972 shares of the footwear maker's stock worth $226,779,000 after acquiring an additional 1,941,375 shares during the last quarter. Institutional investors own 64.25% of the company's stock.

Wall Street Analysts Forecast Growth

NKE has been the topic of a number of analyst reports. DZ Bank lowered shares of NIKE from a "buy" rating to a "hold" rating and set a $76.00 target price on the stock. in a report on Thursday. BMO Capital Markets lowered their target price on shares of NIKE from $95.00 to $92.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Williams Trading lowered their target price on shares of NIKE from $93.00 to $73.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Bank of America raised their price target on shares of NIKE from $80.00 to $84.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Finally, Morgan Stanley raised their price target on shares of NIKE from $61.00 to $64.00 and gave the stock an "equal weight" rating in a research note on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.15.

NIKE Price Performance

NYSE:NKE traded up $1.08 during trading hours on Thursday, hitting $74.64. The stock had a trading volume of 13,032,078 shares, compared to its average volume of 15,267,483. The company has a 50 day simple moving average of $63.42 and a two-hundred day simple moving average of $67.44. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50. NIKE, Inc. has a one year low of $52.28 and a one year high of $90.62. The firm has a market capitalization of $110.41 billion, a price-to-earnings ratio of 34.56, a P/E/G ratio of 2.68 and a beta of 1.25.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.69 billion. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The business's quarterly revenue was down 11.9% compared to the same quarter last year. During the same period last year, the firm earned $0.99 EPS. Research analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Monday, June 2nd. NIKE's dividend payout ratio (DPR) is currently 74.07%.

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.