MUFG Securities EMEA plc Makes New $429,000 Investment in NIKE, Inc. (NYSE:NKE)

MUFG Securities EMEA plc acquired a new stake in shares of NIKE, Inc. (NYSE:NKE) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,689 shares of the footwear maker’s stock, valued at approximately $429,000.

Other large investors have also modified their holdings of the company. Annapolis Financial Services LLC raised its stake in shares of NIKE by 440.0% in the 1st quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock valued at $25,000 after buying an additional 220 shares in the last quarter. True Wealth Design LLC increased its stake in NIKE by 106.4% in the fourth quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock valued at $32,000 after acquiring an additional 150 shares during the period. Frank Rimerman Advisors LLC acquired a new position in NIKE in the fourth quarter worth about $33,000. Core Wealth Advisors Inc. lifted its stake in NIKE by 408.5% during the fourth quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker’s stock worth $33,000 after purchasing an additional 241 shares during the period. Finally, Gold Investment Management Ltd. acquired a new stake in NIKE during the fourth quarter valued at approximately $36,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Stock Up 0.1 %

Shares of NKE traded up $0.06 during trading hours on Friday, hitting $83.32. The company had a trading volume of 13,755,265 shares, compared to its average volume of 11,371,491. The stock has a market capitalization of $124.93 billion, a price-to-earnings ratio of 22.34, a P/E/G ratio of 2.19 and a beta of 1.01. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.69 and a current ratio of 2.40. The firm has a fifty day moving average price of $77.91 and a 200-day moving average price of $89.49. NIKE, Inc. has a 52-week low of $70.75 and a 52-week high of $123.39.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, June 27th. The footwear maker reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.16. NIKE had a net margin of 11.10% and a return on equity of 42.63%. The business had revenue of $12.60 billion during the quarter, compared to analyst estimates of $12.86 billion. During the same period in the previous year, the business earned $0.66 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts forecast that NIKE, Inc. will post 3.1 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd will be issued a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.78%. NIKE’s dividend payout ratio is presently 39.68%.

Analyst Ratings Changes

Several equities analysts recently commented on NKE shares. StockNews.com downgraded NIKE from a “buy” rating to a “hold” rating in a research report on Friday, June 21st. Morgan Stanley reaffirmed an “equal weight” rating and set a $79.00 price target (down from $114.00) on shares of NIKE in a report on Friday, June 28th. Robert W. Baird decreased their price target on shares of NIKE from $125.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, June 28th. Jefferies Financial Group cut their target price on shares of NIKE from $90.00 to $80.00 in a research report on Friday, July 12th. Finally, Piper Sandler restated a “neutral” rating and set a $80.00 target price on shares of NIKE in a report on Friday, August 23rd. Fifteen research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.59.

Insider Buying and Selling

In related news, Chairman Mark G. Parker sold 110,000 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $72.97, for a total value of $8,026,700.00. Following the sale, the chairman now owns 1,102,090 shares in the company, valued at $80,419,507.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman Mark G. Parker sold 52,487 shares of NIKE stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total value of $4,093,986.00. Following the transaction, the chairman now directly owns 1,031,226 shares in the company, valued at approximately $80,435,628. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $72.97, for a total transaction of $8,026,700.00. Following the sale, the chairman now directly owns 1,102,090 shares of the company’s stock, valued at approximately $80,419,507.30. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

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.