Envestnet Asset Management Inc. Has $86.21 Million Holdings in NIKE, Inc. (NYSE:NKE)

Envestnet Asset Management Inc. grew its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 9.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,358,099 shares of the footwear maker's stock after acquiring an additional 113,900 shares during the quarter. Envestnet Asset Management Inc. owned about 0.09% of NIKE worth $86,212,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new stake in shares of NIKE in the fourth quarter worth $28,000. Hopwood Financial Services Inc. purchased a new position in NIKE in the fourth quarter valued at about $30,000. LFA Lugano Financial Advisors SA boosted its position in shares of NIKE by 110.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after buying an additional 210 shares during the period. EnRich Financial Partners LLC grew its stake in shares of NIKE by 196.4% in the fourth quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock valued at $31,000 after buying an additional 273 shares in the last quarter. Finally, Roxbury Financial LLC raised its holdings in shares of NIKE by 52.1% during the 1st quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker's stock valued at $37,000 after buying an additional 201 shares during the period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Price Performance

NYSE:NKE traded down $1.96 during trading hours on Friday, reaching $72.66. 12,749,362 shares of the company's stock were exchanged, compared to its average volume of 22,223,580. 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 company has a market capitalization of $107.47 billion, a P/E ratio of 34.55, a price-to-earnings-growth ratio of 2.70 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 business's 50-day simple moving average is $63.78 and its two-hundred day simple moving average is $67.43.

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

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Monday, June 2nd. NIKE's dividend payout ratio (DPR) is currently 74.07%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada decreased their target price on shares of NIKE from $66.00 to $65.00 and set a "sector perform" rating for the company in a research note on Tuesday, May 20th. Stifel Nicolaus reduced their price target on NIKE from $75.00 to $64.00 and set a "hold" rating for the company in a report on Thursday, April 10th. The Goldman Sachs Group lifted their price objective on NIKE from $72.00 to $81.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Cfra Research upgraded shares of NIKE to a "moderate buy" rating in a research note on Friday, March 21st. Finally, DZ Bank downgraded NIKE from a "buy" rating to a "hold" rating and set a $76.00 price target for the company. in a research note on Thursday. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $77.15.

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.