American Century Companies Inc. Has $112.90 Million Holdings in NIKE, Inc. $NKE

American Century Companies Inc. raised its position in shares of NIKE, Inc. (NYSE:NKE) by 29.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,589,283 shares of the footwear maker’s stock after buying an additional 359,538 shares during the quarter. American Century Companies Inc. owned 0.11% of NIKE worth $112,903,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in NIKE by 344.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 26,698,835 shares of the footwear maker’s stock worth $1,694,842,000 after purchasing an additional 20,688,013 shares during the period. Wellington Management Group LLP lifted its holdings in shares of NIKE by 24.9% in the first quarter. Wellington Management Group LLP now owns 45,383,916 shares of the footwear maker’s stock valued at $2,880,971,000 after purchasing an additional 9,043,180 shares in the last quarter. Nuveen LLC acquired a new stake in shares of NIKE in the first quarter worth $502,285,000. Vanguard Group Inc. grew its holdings in shares of NIKE by 4.6% during the first quarter. Vanguard Group Inc. now owns 113,151,080 shares of the footwear maker’s stock valued at $7,182,831,000 after buying an additional 4,957,494 shares in the last quarter. Finally, Generation Investment Management LLP acquired a new position in NIKE during the first quarter valued at $215,768,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Chairman Mark G. Parker sold 86,078 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $64.80, for a total transaction of $5,577,854.40. Following the completion of the sale, the chairman owned 647,615 shares in the company, valued at $41,965,452. This represents a 11.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Treasure Heinle sold 4,300 shares of NIKE stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $71.27, for a total value of $306,461.00. Following the completion of the transaction, the executive vice president directly owned 29,396 shares in the company, valued at approximately $2,095,052.92. This represents a 12.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is currently owned by company insiders.

NIKE Trading Down 1.2%

Shares of NKE stock opened at $62.02 on Tuesday. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $82.44. The company has a market cap of $91.68 billion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 2.41 and a beta of 1.29. The company has a quick ratio of 1.45, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The business’s 50 day moving average is $67.14 and its two-hundred day moving average is $69.01.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.22. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The business had revenue of $11.72 billion during the quarter, compared to the consensus estimate of $10.96 billion. During the same period in the prior year, the firm earned $0.70 EPS. NIKE’s quarterly revenue was up 1.0% compared to the same quarter last year. Equities analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 1st will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.6%. This is a positive change from NIKE’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, December 1st. NIKE’s dividend payout ratio is currently 84.10%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on NKE shares. Morgan Stanley set a $72.00 price objective on NIKE and gave the stock a “positive” rating in a research report on Wednesday, October 1st. KeyCorp set a $90.00 price target on shares of NIKE and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. DZ Bank raised shares of NIKE from a “hold” rating to a “buy” rating in a research report on Wednesday, October 1st. Weiss Ratings upgraded shares of NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. Finally, Piper Sandler set a $84.00 target price on shares of NIKE and gave the company an “overweight” rating in a research note on Wednesday, October 1st. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, NIKE has a consensus rating of “Moderate Buy” and a consensus target price of $82.24.

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.