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

China Universal Asset Management Co. Ltd. lessened its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 80.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,559 shares of the footwear maker's stock after selling 14,795 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in NIKE were worth $229,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Spire Wealth Management grew its position in NIKE by 4.4% in the first quarter. Spire Wealth Management now owns 9,872 shares of the footwear maker's stock valued at $627,000 after acquiring an additional 416 shares during the last quarter. Renaissance Technologies LLC grew its position in NIKE by 1,302.7% in the fourth quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock valued at $196,901,000 after acquiring an additional 2,416,601 shares during the last quarter. Capitolis Liquid Global Markets LLC grew its position in NIKE by 40.9% in the fourth quarter. Capitolis Liquid Global Markets LLC now owns 310,000 shares of the footwear maker's stock valued at $23,458,000 after acquiring an additional 90,000 shares during the last quarter. Janus Henderson Group PLC grew its position in NIKE by 8.3% in the fourth quarter. Janus Henderson Group PLC now owns 6,081,021 shares of the footwear maker's stock valued at $460,160,000 after acquiring an additional 463,470 shares during the last quarter. Finally, Evergreen Capital Management LLC grew its position in NIKE by 3.3% in the fourth quarter. Evergreen Capital Management LLC now owns 237,199 shares of the footwear maker's stock valued at $18,042,000 after acquiring an additional 7,536 shares during the last quarter. Institutional investors own 64.25% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on NKE shares. UBS Group initiated coverage on NIKE in a research note on Sunday. They issued a "buy" rating on the stock. Truist Financial dropped their price target on NIKE from $82.00 to $73.00 and set a "buy" rating on the stock in a research note on Tuesday, June 24th. Deutsche Bank Aktiengesellschaft dropped their price target on NIKE from $77.00 to $71.00 and set a "buy" rating on the stock in a research note on Friday, June 20th. Williams Trading dropped their price target on NIKE from $93.00 to $73.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Finally, Berenberg Bank initiated coverage on NIKE in a research note on Tuesday, April 15th. They issued a "hold" rating and a $58.00 price target on the stock. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $77.15.

NIKE Stock Performance

NYSE NKE traded down $1.85 during trading on Friday, hitting $72.78. 6,848,120 shares of the company's stock traded hands, compared to its average volume of 15,210,294. The stock has a market capitalization of $107.64 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 2.66 and a beta of 1.25. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $90.62. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.50 and a current ratio of 2.21. The business has a 50 day moving average of $63.78 and a 200-day moving average of $67.43.

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. The business had revenue of $11.10 billion for 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 company's revenue was down 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 earnings per share. As a group, equities research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date was Monday, June 2nd. NIKE's payout ratio is 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.