New York State Common Retirement Fund Sells 41,954 Shares of NIKE, Inc. (NYSE:NKE)

New York State Common Retirement Fund cut its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 2.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,679,951 shares of the footwear maker's stock after selling 41,954 shares during the period. New York State Common Retirement Fund owned about 0.11% of NIKE worth $106,643,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in NKE. Norges Bank purchased a new position in shares of NIKE during the 4th quarter worth about $1,126,288,000. Wellington Management Group LLP boosted its stake in shares of NIKE by 32.4% during the 4th quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker's stock worth $2,749,903,000 after purchasing an additional 8,898,591 shares during the period. Renaissance Technologies LLC boosted its stake in shares of NIKE by 1,302.7% during the 4th quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock worth $196,901,000 after purchasing an additional 2,416,601 shares during the period. Capital World Investors boosted its stake in shares of NIKE by 10.3% during the 4th quarter. Capital World Investors now owns 24,545,937 shares of the footwear maker's stock worth $1,857,389,000 after purchasing an additional 2,288,627 shares during the period. Finally, Flossbach Von Storch SE boosted its stake in shares of NIKE by 24.0% during the 1st quarter. Flossbach Von Storch SE now owns 10,286,619 shares of the footwear maker's stock worth $652,995,000 after purchasing an additional 1,988,547 shares during the period. 64.25% of the stock is currently owned by institutional investors.

NIKE Trading Down 2.6%

NYSE NKE opened at $72.66 on Monday. The firm has a 50 day simple moving average of $64.06 and a 200-day simple moving average of $67.26. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.50 and a current ratio of 2.21. NIKE, Inc. has a one year low of $52.28 and a one year high of $90.62. The firm has a market cap of $107.47 billion, a price-to-earnings ratio of 33.64, a PEG ratio of 2.63 and a beta of 1.25.

NIKE (NYSE:NKE - Get Free Report) last posted 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. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The business had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.69 billion. During the same quarter last year, the firm posted $0.99 earnings per share. The business's revenue for the quarter was down 11.9% compared to the same quarter last year. Equities research analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were paid 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 payout ratio is 74.07%.

Analysts Set New Price Targets

NKE has been the subject of a number of recent analyst reports. Williams Trading dropped their price target on shares of NIKE from $93.00 to $73.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Argus raised shares of NIKE to a "buy" rating in a research report on Sunday, July 6th. UBS Group began coverage on shares of NIKE in a research note on Sunday, July 6th. They set a "buy" rating for the company. Deutsche Bank Aktiengesellschaft cut their price target on shares of NIKE from $77.00 to $71.00 and set a "buy" rating on the stock in a research note on Friday, June 20th. Finally, Wells Fargo & Company upped their price objective on shares of NIKE from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. One equities 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $77.15.

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.

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