NIKE, Inc. (NYSE:NKE) Shares Sold by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC cut its position in NIKE, Inc. (NYSE:NKE - Free Report) by 82.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 111,526 shares of the footwear maker's stock after selling 525,619 shares during the period. Worldquant Millennium Advisors LLC's holdings in NIKE were worth $8,439,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Vident Advisory LLC grew its position in shares of NIKE by 13.8% in the 4th quarter. Vident Advisory LLC now owns 53,572 shares of the footwear maker's stock valued at $4,054,000 after buying an additional 6,477 shares during the last quarter. Westwood Holdings Group Inc. purchased a new position in shares of NIKE in the 4th quarter valued at $328,000. St. Clair Advisors LLC purchased a new position in shares of NIKE in the 4th quarter valued at $1,343,000. Twinbeech Capital LP purchased a new position in shares of NIKE in the 4th quarter valued at $46,413,000. Finally, Temasek Holdings Private Ltd purchased a new position in shares of NIKE in the 4th quarter valued at $19,920,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on NKE shares. Berenberg Bank started coverage on shares of NIKE in a research report on Tuesday, April 15th. They issued a "hold" rating and a $58.00 target price on the stock. Dbs Bank raised shares of NIKE from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Citigroup decreased their price target on shares of NIKE from $72.00 to $57.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Piper Sandler decreased their price target on shares of NIKE from $90.00 to $70.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, The Goldman Sachs Group decreased their price target on shares of NIKE from $88.00 to $72.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Seventeen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, NIKE has an average rating of "Moderate Buy" and a consensus price target of $80.26.

Insider Buying and Selling at NIKE

In other news, Director Robert Holmes Swan purchased 8,600 shares of the stock in a transaction dated 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 acquisition, the director now directly owns 31,983 shares in the company, valued at $1,869,726.18. This represents a 36.78% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by insiders.

NIKE Price Performance

Shares of NYSE NKE traded down $1.30 during midday trading on Friday, hitting $60.02. The company had a trading volume of 14,271,999 shares, compared to its average volume of 14,972,313. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The business has a 50-day simple moving average of $59.88 and a two-hundred day simple moving average of $70.18. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $98.04. The firm has a market capitalization of $88.78 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23.

NIKE (NYSE:NKE - Get Free Report) last posted its earnings results 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. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same period last year, the firm posted $0.98 EPS. The firm's revenue for the quarter was down 9.1% on a year-over-year basis. Equities research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.60 annualized dividend and a yield of 2.67%. NIKE's dividend payout ratio (DPR) is currently 53.16%.

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.