Quilter Plc Sells 41,082 Shares of NIKE, Inc. (NYSE:NKE)

Quilter Plc lowered its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 10.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 358,069 shares of the footwear maker's stock after selling 41,082 shares during the period. Quilter Plc's holdings in NIKE were worth $22,730,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP raised its holdings in NIKE by 32.4% in the 4th quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker's stock valued at $2,749,903,000 after buying an additional 8,898,591 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of NIKE by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 25,376,558 shares of the footwear maker's stock worth $1,915,110,000 after purchasing an additional 347,178 shares during the period. Capital World Investors raised its position in 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 last quarter. Norges Bank bought a new stake in shares of NIKE in the 4th quarter valued at about $1,126,288,000. Finally, Northern Trust Corp increased its stake in shares of NIKE by 8.8% in the fourth quarter. Northern Trust Corp now owns 14,690,435 shares of the footwear maker's stock valued at $1,111,625,000 after buying an additional 1,183,641 shares during the period. Institutional investors and hedge funds own 64.25% of the company's stock.

Insider Buying and Selling at NIKE

In other news, Director Robert Holmes Swan purchased 8,600 shares of the business's stock in a transaction on Friday, April 4th. The stock was purchased at an average cost of $58.46 per share, with a total value of $502,756.00. Following the acquisition, the director now directly owns 31,983 shares in the company, valued at approximately $1,869,726.18. This trade represents a 36.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.10% of the company's stock.

NIKE Stock Performance

Shares of NKE opened at $62.71 on Friday. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $94.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.19 and a quick ratio of 1.52. The stock's fifty day moving average price is $60.31 and its two-hundred day moving average price is $67.63. The firm has a market cap of $92.75 billion, a PE ratio of 20.83, a PEG ratio of 2.23 and a beta of 1.21.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. NIKE had a return on equity of 32.18% and a net margin of 9.43%. The business had revenue of $11.10 billion for the quarter, compared to analysts' expectations of $10.69 billion. During the same period in the previous year, the business posted $0.99 EPS. The firm's quarterly revenue was down 11.9% compared to the same quarter last year. On average, equities research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

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 paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.60 annualized dividend and a yield of 2.55%. NIKE's dividend payout ratio is currently 53.16%.

Analysts Set New Price Targets

NKE has been the subject of several analyst reports. Truist Financial lowered their price target on shares of NIKE from $82.00 to $73.00 and set a "buy" rating for the company in a report on Tuesday. Stifel Nicolaus decreased their price objective on shares of NIKE from $75.00 to $64.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Williams Trading dropped their target price on shares of NIKE from $93.00 to $73.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Jefferies Financial Group reissued a "buy" rating on shares of NIKE in a research report on Friday, May 23rd. Finally, Needham & Company LLC upped their target price on NIKE from $66.00 to $78.00 and gave the company a "buy" rating in a research report on Friday. Sixteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $78.04.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.