Caitong International Asset Management Co. Ltd Acquires 13,596 Shares of NIKE, Inc. $NKE

Caitong International Asset Management Co. Ltd raised its holdings in NIKE, Inc. (NYSE:NKE) by 948.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,029 shares of the footwear maker’s stock after buying an additional 13,596 shares during the quarter. NIKE accounts for approximately 0.8% of Caitong International Asset Management Co. Ltd’s holdings, making the stock its 24th biggest holding. Caitong International Asset Management Co. Ltd’s holdings in NIKE were worth $1,068,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mitchell Mcleod Pugh & Williams Inc. grew its holdings in shares of NIKE by 1.0% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 14,176 shares of the footwear maker’s stock worth $1,007,000 after purchasing an additional 134 shares during the last quarter. Caldwell Sutter Capital Inc. raised its holdings in NIKE by 6.3% during the 2nd quarter. Caldwell Sutter Capital Inc. now owns 2,390 shares of the footwear maker’s stock worth $170,000 after buying an additional 142 shares during the period. Salomon & Ludwin LLC grew its stake in shares of NIKE by 10.1% during the 2nd quarter. Salomon & Ludwin LLC now owns 1,575 shares of the footwear maker’s stock worth $120,000 after acquiring an additional 145 shares in the last quarter. Westmount Partners LLC grew its stake in shares of NIKE by 2.9% during the 2nd quarter. Westmount Partners LLC now owns 5,165 shares of the footwear maker’s stock worth $367,000 after acquiring an additional 146 shares in the last quarter. Finally, HB Wealth Management LLC grew its stake in shares of NIKE by 0.3% during the 2nd quarter. HB Wealth Management LLC now owns 52,012 shares of the footwear maker’s stock worth $3,695,000 after acquiring an additional 147 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Insider Activity

In other news, Chairman Mark G. Parker sold 86,078 shares of the business’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the sale, the chairman directly owned 744,988 shares in the company, valued at approximately $56,566,938.84. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Treasure Heinle sold 4,300 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were 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 of the company’s stock, valued at $2,095,052.92. This represents a 12.76% decrease in their position. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by insiders.

NIKE Stock Up 0.9%

Shares of NYSE NKE opened at $69.68 on Friday. The company has a current ratio of 2.19, a quick ratio of 1.45 and a debt-to-equity ratio of 0.59. The company has a market cap of $103.00 billion, a price-to-earnings ratio of 35.73, a PEG ratio of 2.55 and a beta of 1.29. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $82.44. The stock has a 50-day moving average price of $72.54 and a two-hundred day moving average price of $67.67.

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

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.60 annualized dividend and a yield of 2.3%. NIKE’s payout ratio is presently 82.05%.

Analyst Ratings Changes

NKE has been the subject of several analyst reports. Weiss Ratings raised shares of NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. Robert W. Baird lifted their target price on NIKE from $80.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, June 27th. Argus raised NIKE to a “buy” rating in a report on Sunday, July 6th. Jefferies Financial Group reissued a “buy” rating and set a $115.00 target price on shares of NIKE in a report on Monday, September 29th. Finally, Truist Financial reissued a “buy” rating and set a $85.00 target price on shares of NIKE in a report on Wednesday, October 1st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $82.21.

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.