Verde Servicos Internacionais S.A. Purchases 16,497 Shares of NIKE, Inc. (NYSE:NKE)

Verde Servicos Internacionais S.A. grew its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 14.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 134,400 shares of the footwear maker's stock after acquiring an additional 16,497 shares during the quarter. NIKE accounts for 4.9% of Verde Servicos Internacionais S.A.'s holdings, making the stock its 8th biggest position. Verde Servicos Internacionais S.A.'s holdings in NIKE were worth $8,532,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NKE. Renaissance Technologies LLC boosted its holdings in shares of NIKE by 1,302.7% in the 4th quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock valued at $196,901,000 after buying an additional 2,416,601 shares during the last quarter. Capitolis Liquid Global Markets LLC boosted its holdings in shares of NIKE by 40.9% in 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 buying an additional 90,000 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of NIKE by 8.3% in 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 buying an additional 463,470 shares during the last quarter. Markel Group Inc. boosted its holdings in shares of NIKE by 0.8% in the 4th quarter. Markel Group Inc. now owns 432,400 shares of the footwear maker's stock valued at $32,720,000 after buying an additional 3,500 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its holdings in shares of NIKE by 3.3% in the 4th quarter. Evergreen Capital Management LLC now owns 237,199 shares of the footwear maker's stock valued at $18,042,000 after buying an additional 7,536 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company's stock.

Insider Activity at NIKE

In other news, Director Robert Holmes Swan purchased 8,600 shares of the business's stock in a transaction dated Friday, April 4th. The shares were purchased at an average cost of $58.46 per share, with a total value 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 available at this link. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NKE shares. Barclays cut their price objective on NIKE from $60.00 to $53.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. Piper Sandler cut their price target on NIKE from $90.00 to $70.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Royal Bank Of Canada cut their price target on NIKE from $66.00 to $65.00 and set a "sector perform" rating for the company in a report on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft cut their price target on NIKE from $77.00 to $71.00 and set a "buy" rating for the company in a report on Friday. Finally, UBS Group cut their price target on NIKE from $73.00 to $66.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Sixteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.74.

NIKE Price Performance

Shares of NYSE NKE traded up $1.02 during mid-day trading on Monday, reaching $60.81. The company had a trading volume of 15,874,758 shares, compared to its average volume of 15,293,718. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.19. NIKE, Inc. has a one year low of $52.28 and a one year high of $98.04. The firm has a market cap of $89.95 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.11 and a beta of 1.21. The business's 50-day simple moving average is $59.89 and its 200 day simple moving average is $67.82.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.26. The business had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.02 billion. NIKE had a return on equity of 32.18% and a net margin of 9.43%. NIKE's revenue was down 9.1% compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share. On average, research analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.63%. The ex-dividend date is Monday, June 2nd. NIKE's dividend payout ratio (DPR) is presently 53.16%.

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.