NIKE, Inc. (NYSE:NKE) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC lowered its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 23.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 13,212 shares of the footwear maker's stock after selling 4,058 shares during the quarter. Penserra Capital Management LLC's holdings in NIKE were worth $838,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Spire Wealth Management increased its position in shares of NIKE by 4.4% during the 1st quarter. Spire Wealth Management now owns 9,872 shares of the footwear maker's stock valued at $627,000 after purchasing an additional 416 shares during the last quarter. Renaissance Technologies LLC increased its position 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 valued at $196,901,000 after purchasing an additional 2,416,601 shares during the last quarter. Capitolis Liquid Global Markets LLC increased its position in shares of NIKE by 40.9% during the 4th quarter. Capitolis Liquid Global Markets LLC now owns 310,000 shares of the footwear maker's stock valued at $23,458,000 after purchasing an additional 90,000 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of NIKE by 8.3% during the 4th quarter. Janus Henderson Group PLC now owns 6,081,021 shares of the footwear maker's stock valued at $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 4th quarter. Evergreen Capital Management LLC now owns 237,199 shares of the footwear maker's stock valued at $18,042,000 after purchasing an additional 7,536 shares during the last quarter. Institutional investors own 64.25% of the company's stock.

NIKE Stock Performance

NIKE stock traded down $1.96 during midday trading on Friday, hitting $72.66. 12,749,362 shares of the company were exchanged, compared to its average volume of 15,230,401. The firm has a market capitalization of $107.47 billion, a PE ratio of 33.64, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $90.62. The business has a fifty day simple moving average of $64.06 and a two-hundred day simple moving average of $67.40. 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 (NYSE:NKE - Get Free Report) last issued 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 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 last year, the company earned $0.99 earnings per share. NIKE's quarterly revenue was down 11.9% compared to the same quarter last year. On average, sell-side analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.20%. The ex-dividend date was Monday, June 2nd. NIKE's payout ratio is currently 74.07%.

Analysts Set New Price Targets

Several equities analysts have commented on NKE shares. Argus raised NIKE to a "buy" rating in a research report on Sunday, July 6th. Bank of America upped their price objective on NIKE from $80.00 to $84.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Piper Sandler upped their price objective on NIKE from $70.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, June 27th. Citigroup upped their price objective on NIKE from $57.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, June 27th. Finally, HSBC raised NIKE from a "hold" rating to a "buy" rating and set a $80.00 price objective on the stock in a research report on Friday, June 27th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.