GAM Holding AG Has $4.33 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

GAM Holding AG decreased its position in NIKE, Inc. (NYSE:NKE - Free Report) by 18.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 68,186 shares of the footwear maker's stock after selling 15,428 shares during the quarter. GAM Holding AG's holdings in NIKE were worth $4,328,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Renaissance Technologies LLC raised its position in NIKE by 1,302.7% in the 4th quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock valued at $196,901,000 after purchasing an additional 2,416,601 shares during the last quarter. Capitolis Liquid Global Markets LLC increased its stake in shares of 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 buying an additional 90,000 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of 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 buying an additional 463,470 shares in the last quarter. Markel Group Inc. raised its holdings in shares of NIKE by 0.8% in the fourth quarter. Markel Group Inc. now owns 432,400 shares of the footwear maker's stock valued at $32,720,000 after buying an additional 3,500 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its position in NIKE by 3.3% during the 4th quarter. Evergreen Capital Management LLC now owns 237,199 shares of the footwear maker's stock worth $18,042,000 after buying an additional 7,536 shares in the last quarter. Institutional investors own 64.25% of the company's stock.

Insider Buying and Selling at NIKE

In other news, Director Robert Holmes Swan acquired 8,600 shares of NIKE stock in a transaction dated Friday, April 4th. The shares were bought at an average cost of $58.46 per share, with a total value of $502,756.00. Following the purchase, the director now owns 31,983 shares in the company, valued at $1,869,726.18. This trade represents a 36.78% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company's stock.

NIKE Price Performance

Shares of NYSE:NKE traded up $0.27 during trading on Friday, hitting $59.78. 19,005,737 shares of the company were exchanged, compared to its average volume of 15,291,197. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $98.04. The company has a market capitalization of $88.41 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 2.11 and a beta of 1.21. The company has a quick ratio of 1.52, a current ratio of 2.19 and a debt-to-equity ratio of 0.57. The business's 50 day moving average is $59.78 and its 200-day moving average is $68.02.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.26. NIKE had a return on equity of 32.18% and a net margin of 9.43%. The firm had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same period last year, the firm posted $0.98 earnings per share. The business's revenue for the quarter was down 9.1% on a year-over-year basis. Equities analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.68%. The ex-dividend date is Monday, June 2nd. NIKE's payout ratio is presently 53.16%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NKE. JPMorgan Chase & Co. reduced their target price on shares of NIKE from $64.00 to $56.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $70.00 price objective on shares of NIKE in a report on Tuesday. Cfra Research raised NIKE to a "moderate buy" rating in a research note on Friday, March 21st. Piper Sandler dropped their target price on NIKE from $90.00 to $70.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, China Renaissance began coverage on NIKE in a report on Wednesday, March 19th. They issued a "hold" rating on the stock. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, NIKE has an average rating of "Moderate Buy" and a consensus price target of $78.74.

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.