China Universal Asset Management Co. Ltd. Has $2.68 Million Holdings in NIKE, Inc. $NKE

China Universal Asset Management Co. Ltd. raised its position in NIKE, Inc. (NYSE:NKE) by 258.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,366 shares of the footwear maker’s stock after purchasing an additional 27,648 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in NIKE were worth $2,679,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in NIKE by 388.5% during the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock worth $15,316,000 after buying an additional 160,980 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of NIKE in the first quarter valued at about $311,000. United Bank raised its holdings in NIKE by 11.3% during the second quarter. United Bank now owns 17,067 shares of the footwear maker’s stock worth $1,212,000 after acquiring an additional 1,736 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in NIKE by 11.8% during the second quarter. Chicago Partners Investment Group LLC now owns 6,100 shares of the footwear maker’s stock valued at $468,000 after purchasing an additional 643 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its stake in NIKE by 3.2% in the second quarter. Cullen Frost Bankers Inc. now owns 151,213 shares of the footwear maker’s stock valued at $10,742,000 after purchasing an additional 4,677 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

Insider Activity at NIKE

In other news, Director Timothy D. Cook acquired 50,000 shares of the firm’s stock in a transaction on Monday, December 22nd. The shares were purchased at an average cost of $58.97 per share, with a total value of $2,948,500.00. Following the acquisition, the director directly owned 105,480 shares in the company, valued at $6,220,155.60. This represents a 90.12% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Elliott Hill bought 16,388 shares of the company’s stock in a transaction dated Monday, December 29th. The shares were purchased at an average cost of $61.10 per share, with a total value of $1,001,306.80. Following the acquisition, the chief executive officer directly owned 241,587 shares of the company’s stock, valued at approximately $14,760,965.70. This represents a 7.28% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 75,079 shares of company stock worth $4,449,887 in the last ninety days. 0.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NKE shares. Berenberg Bank reiterated a “neutral” rating and set a $70.00 price objective on shares of NIKE in a research note on Friday, December 19th. KeyCorp dropped their price target on shares of NIKE from $90.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. Robert W. Baird decreased their price objective on shares of NIKE from $93.00 to $85.00 and set an “outperform” rating for the company in a research report on Friday, December 19th. Oppenheimer reaffirmed an “outperform” rating on shares of NIKE in a report on Wednesday, December 17th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of NIKE in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.61.

NIKE Stock Performance

Shares of NKE stock opened at $65.76 on Friday. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $82.44. The company has a market capitalization of $97.35 billion, a price-to-earnings ratio of 38.68, a PEG ratio of 3.36 and a beta of 1.27. The company has a 50-day simple moving average of $63.51 and a 200 day simple moving average of $67.54. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.06.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, December 18th. The footwear maker reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.16. NIKE had a net margin of 5.43% and a return on equity of 18.43%. The firm had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.19 billion. During the same period last year, the business posted $0.78 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. On average, sell-side analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be paid a $0.41 dividend. The ex-dividend date is Monday, March 2nd. This represents a $1.64 annualized dividend and a yield of 2.5%. NIKE’s payout ratio is 96.47%.

About NIKE

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).