Universal Beteiligungs und Servicegesellschaft mbH Acquires New Position in NIKE, Inc. (NYSE:NKE)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of NIKE, Inc. (NYSE:NKE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,672,227 shares of the footwear maker's stock, valued at approximately $126,537,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.11% of NIKE as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of NIKE in the 4th quarter valued at about $1,126,288,000. Wellington Management Group LLP boosted its stake 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 purchasing an additional 8,898,591 shares during the period. Pacer Advisors Inc. increased its holdings in shares of NIKE by 6,029.6% during the fourth quarter. Pacer Advisors Inc. now owns 6,821,270 shares of the footwear maker's stock worth $516,166,000 after purchasing an additional 6,709,985 shares during the period. Bank of New York Mellon Corp increased its stake in NIKE by 18.1% during the 4th quarter. Bank of New York Mellon Corp now owns 20,367,993 shares of the footwear maker's stock worth $1,541,246,000 after acquiring an additional 3,121,929 shares during the period. Finally, Renaissance Technologies LLC boosted 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 worth $196,901,000 after acquiring an additional 2,416,601 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Stock Performance

Shares of NYSE:NKE traded down $0.35 during trading on Thursday, reaching $61.43. 12,208,646 shares of the company's stock traded hands, compared to its average volume of 14,964,804. The stock has a market capitalization of $90.86 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23. The company has a 50 day moving average of $59.32 and a 200-day moving average of $69.89. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $98.04.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.26. The business had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company's quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.98 earnings per share. On average, equities analysts expect that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The business also recently disclosed 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 is Monday, June 2nd. This represents a $1.60 annualized dividend and a yield of 2.60%. NIKE's dividend payout ratio is presently 53.16%.

Insider Transactions at NIKE

In other news, Director Robert Holmes Swan bought 8,600 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the purchase, the director now owns 31,983 shares of the company's stock, valued at $1,869,726.18. This trade represents a 36.78% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NKE has been the topic of several research reports. China Renaissance assumed coverage on NIKE in a report on Wednesday, March 19th. They set a "hold" rating on the stock. Telsey Advisory Group decreased their price target on shares of NIKE from $80.00 to $70.00 and set a "market perform" rating for the company in a research note on Tuesday, May 6th. Cfra Research raised shares of NIKE to a "moderate buy" rating in a research note on Friday, March 21st. Stifel Nicolaus lowered their price target on NIKE from $75.00 to $64.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Finally, Piper Sandler cut their target price on NIKE from $90.00 to $70.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Seventeen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $80.26.

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.