NIKE, Inc. (NYSE:NKE) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 2.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,911,545 shares of the footwear maker's stock after selling 143,569 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.40% of NIKE worth $375,265,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NKE. Spire Wealth Management lifted its position in shares of NIKE by 4.4% during the first quarter. Spire Wealth Management now owns 9,872 shares of the footwear maker's stock valued at $627,000 after buying an additional 416 shares during the last quarter. Renaissance Technologies LLC lifted its position in NIKE by 1,302.7% during 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 boosted its stake 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 in the last quarter. Janus Henderson Group PLC grew its holdings 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 worth $460,160,000 after purchasing an additional 463,470 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its position in shares of NIKE by 3.3% during the fourth quarter. Evergreen Capital Management LLC now owns 237,199 shares of the footwear maker's stock worth $18,042,000 after purchasing an additional 7,536 shares in the last quarter. Institutional investors own 64.25% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NKE shares. Barclays raised their price objective on NIKE from $53.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Friday, June 27th. Evercore ISI lowered their price target on NIKE from $97.00 to $75.00 and set an "outperform" rating for the company in a report on Tuesday, June 24th. Hsbc Global Res upgraded shares of NIKE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. DZ Bank lowered shares of NIKE from a "buy" rating to a "hold" rating and set a $76.00 price objective for the company. in a research report on Thursday, July 10th. Finally, Royal Bank Of Canada dropped their target price on shares of NIKE from $66.00 to $65.00 and set a "sector perform" rating on the stock in a research report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, NIKE presently has a consensus rating of "Moderate Buy" and an average price target of $77.15.

NIKE Stock Performance

NKE stock traded up $0.10 during midday trading on Wednesday, hitting $72.09. 3,914,477 shares of the stock traded hands, compared to its average volume of 15,133,206. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $90.62. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50. The stock's fifty day simple moving average is $64.66 and its 200-day simple moving average is $67.27. The firm has a market cap of $106.63 billion, a P/E ratio of 33.30, a PEG ratio of 2.65 and a beta of 1.25.

NIKE (NYSE:NKE - Get Free Report) last posted its earnings results on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, beating 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 firm had revenue of $11.10 billion for the quarter, compared to analysts' expectations of $10.69 billion. During the same period last year, the firm earned $0.99 EPS. The company's quarterly revenue was down 11.9% on a year-over-year basis. On average, analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 2nd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Monday, June 2nd. NIKE's payout ratio is presently 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.