NIKE, Inc. (NYSE:NKE) Shares Sold by Candriam S.C.A.

Candriam S.C.A. decreased its position in shares of NIKE, Inc. (NYSE:NKE) by 41.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 430,208 shares of the footwear maker’s stock after selling 300,088 shares during the period. Candriam S.C.A.’s holdings in NIKE were worth $32,423,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NKE. Norges Bank purchased a new stake in shares of NIKE during the fourth quarter worth about $1,315,097,000. Price T Rowe Associates Inc. MD raised its position in shares of NIKE by 87.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,135,431 shares of the footwear maker’s stock valued at $1,860,395,000 after purchasing an additional 7,996,434 shares in the last quarter. Capital International Investors boosted its stake in shares of NIKE by 34.9% during the 4th quarter. Capital International Investors now owns 27,609,613 shares of the footwear maker’s stock valued at $2,997,628,000 after buying an additional 7,143,775 shares during the last quarter. Longview Partners Guernsey LTD acquired a new stake in shares of NIKE during the first quarter worth approximately $533,533,000. Finally, Capital World Investors increased its stake in shares of NIKE by 612.2% in the first quarter. Capital World Investors now owns 5,185,432 shares of the footwear maker’s stock worth $487,327,000 after buying an additional 4,457,376 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NKE. Citigroup reduced their price objective on shares of NIKE from $115.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. Morgan Stanley reiterated an “equal weight” rating and issued a $79.00 price target (down from $114.00) on shares of NIKE in a research note on Friday, June 28th. Wedbush cut their price objective on NIKE from $115.00 to $97.00 and set an “outperform” rating on the stock in a research note on Friday, June 28th. Oppenheimer reiterated an “outperform” rating and issued a $120.00 target price on shares of NIKE in a research report on Friday, June 28th. Finally, Bank of America lowered their price target on NIKE from $113.00 to $104.00 and set a “buy” rating for the company in a report on Friday, June 28th. Fifteen analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $95.59.

NIKE Price Performance

Shares of NYSE NKE opened at $80.64 on Friday. The stock has a market cap of $121.71 billion, a P/E ratio of 21.62, a P/E/G ratio of 2.19 and a beta of 1.01. The firm’s 50-day simple moving average is $76.94 and its 200 day simple moving average is $88.78. NIKE, Inc. has a fifty-two week low of $70.75 and a fifty-two week high of $123.39. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.55.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, June 27th. The footwear maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.16. The company had revenue of $12.60 billion for the quarter, compared to the consensus estimate of $12.86 billion. NIKE had a net margin of 11.10% and a return on equity of 42.63%. NIKE’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 EPS. Equities analysts expect that NIKE, Inc. will post 3.1 EPS for the current year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd will be given a $0.37 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.84%. NIKE’s dividend payout ratio (DPR) is 39.68%.

Insider Buying and Selling at NIKE

In other news, Director Robert Holmes Swan bought 2,941 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was acquired at an average price of $77.02 per share, with a total value of $226,515.82. Following the completion of the purchase, the director now directly owns 20,946 shares of the company’s stock, valued at approximately $1,613,260.92. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other NIKE news, Chairman Mark G. Parker sold 52,487 shares of the company’s 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 owns 1,031,226 shares of the company’s stock, valued at $80,435,628. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Holmes Swan acquired 2,941 shares of the business’s stock in a transaction dated Friday, June 28th. The shares were bought at an average price of $77.02 per share, with a total value of $226,515.82. Following the transaction, the director now directly owns 20,946 shares in the company, valued at approximately $1,613,260.92. The disclosure for this purchase can be found here. 0.50% of the stock is currently owned by corporate insiders.

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.