Deutsche Bank AG reduced its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 28.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,689,752 shares of the footwear maker's stock after selling 1,438,498 shares during the quarter. Deutsche Bank AG owned about 0.25% of NIKE worth $234,225,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in the business. Brighton Jones LLC boosted its position in shares of NIKE by 388.5% in the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker's stock valued at $15,316,000 after acquiring an additional 160,980 shares during the period. Bank Pictet & Cie Europe AG lifted its position in shares of NIKE by 10.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 190,915 shares of the footwear maker's stock worth $14,447,000 after acquiring an additional 17,888 shares during the period. Federated Hermes Inc. grew its holdings in shares of NIKE by 842.6% during the 4th quarter. Federated Hermes Inc. now owns 107,873 shares of the footwear maker's stock worth $8,163,000 after purchasing an additional 96,429 shares in the last quarter. FIL Ltd raised its stake in shares of NIKE by 21.0% in the fourth quarter. FIL Ltd now owns 1,265,182 shares of the footwear maker's stock valued at $95,736,000 after purchasing an additional 219,511 shares in the last quarter. Finally, Azimuth Capital Investment Management LLC boosted its stake in NIKE by 8.1% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 2,670 shares of the footwear maker's stock worth $202,000 after buying an additional 200 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.
NIKE Trading Down 0.2%
NKE stock traded down $0.18 during midday trading on Friday, reaching $74.17. The stock had a trading volume of 6,733,814 shares, compared to its average volume of 11,448,546. The firm has a market cap of $109.54 billion, a price-to-earnings ratio of 34.34, a PEG ratio of 2.70 and a beta of 1.27. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $90.62. The company has a quick ratio of 1.50, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $69.70 and a two-hundred day simple moving average of $67.60.
NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The company had revenue of $11.10 billion during the quarter, compared to analysts' expectations of $10.69 billion. During the same quarter in the previous year, the company earned $0.99 EPS. NIKE's revenue was down 11.9% on a year-over-year basis. As a group, research analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.
NIKE Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.2%. NIKE's payout ratio is 74.07%.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on NKE shares. Truist Financial dropped their price objective on shares of NIKE from $82.00 to $73.00 and set a "buy" rating for the company in a research note on Tuesday, June 24th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $70.00 price objective on shares of NIKE in a report on Friday, June 27th. Evercore ISI lowered their price objective on NIKE from $97.00 to $75.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 24th. Citigroup raised their target price on NIKE from $57.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, June 27th. Finally, Piper Sandler upped their price target on NIKE from $70.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, June 27th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, NIKE has a consensus rating of "Moderate Buy" and a consensus price target of $78.22.
Read Our Latest Research Report on NIKE
Insider Activity at NIKE
In related news, Chairman Mark G. Parker sold 110,000 shares of the company's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total value of $7,951,900.00. Following the completion of the sale, the chairman owned 842,361 shares in the company, valued at approximately $60,894,276.69. This represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.80% of the stock is currently owned by company insiders.
NIKE Profile
(
Free Report)
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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