NIKE, Inc. (NYSE:NKE) Stake Decreased by Fiera Capital Corp

Fiera Capital Corp cut its holdings in shares of NIKE, Inc. (NYSE:NKE) by 64.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,175,407 shares of the footwear maker’s stock after selling 2,144,794 shares during the period. Fiera Capital Corp’s holdings in NIKE were worth $103,906,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisory Services Network LLC increased its stake in NIKE by 3.6% during the 1st quarter. Advisory Services Network LLC now owns 45,762 shares of the footwear maker’s stock valued at $4,301,000 after buying an additional 1,572 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of NIKE by 28.5% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 97,068 shares of the footwear maker’s stock valued at $9,122,000 after acquiring an additional 21,500 shares during the period. AIA Group Ltd raised its holdings in NIKE by 35.6% during the first quarter. AIA Group Ltd now owns 15,297 shares of the footwear maker’s stock worth $1,438,000 after purchasing an additional 4,020 shares in the last quarter. Empowered Funds LLC lifted its position in NIKE by 195.2% in the first quarter. Empowered Funds LLC now owns 45,100 shares of the footwear maker’s stock worth $4,238,000 after purchasing an additional 29,823 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in NIKE by 13.1% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 18,444 shares of the footwear maker’s stock worth $1,733,000 after purchasing an additional 2,137 shares during the period. 64.25% of the stock is owned by institutional investors.

NIKE Stock Performance

Shares of NKE traded up $0.34 on Friday, reaching $76.26. 2,867,133 shares of the stock traded hands, compared to its average volume of 11,516,089. The firm has a market cap of $114.34 billion, a price-to-earnings ratio of 21.75, a P/E/G ratio of 1.88 and a beta of 1.03. NIKE, Inc. has a 12 month low of $70.75 and a 12 month high of $123.39. The stock’s 50-day moving average price is $81.68 and its 200-day moving average price is $84.07. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.18. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The company had revenue of $11.59 billion during the quarter, compared to analysts’ expectations of $11.64 billion. During the same quarter in the prior year, the company posted $0.94 EPS. The business’s revenue was down 10.4% on a year-over-year basis. Equities analysts forecast that NIKE, Inc. will post 2.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman Mark G. Parker sold 52,487 shares of the company’s stock in a transaction that occurred 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 sale, the chairman now directly owns 1,031,226 shares in the company, valued at approximately $80,435,628. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

NKE has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price objective on NIKE from $80.00 to $77.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. Royal Bank of Canada dropped their price target on shares of NIKE from $82.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Thursday. Morgan Stanley raised their price objective on shares of NIKE from $79.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Barclays lowered their price objective on shares of NIKE from $84.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 2nd. Finally, Stifel Nicolaus cut their target price on shares of NIKE from $88.00 to $79.00 and set a “hold” rating for the company in a research note on Monday, August 26th. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $96.48.

About NIKE

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.