BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires 126,783 Shares of NIKE, Inc. $NKE

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 11.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,237,260 shares of the footwear maker’s stock after acquiring an additional 126,783 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.08% of NIKE worth $87,895,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Mitchell Mcleod Pugh & Williams Inc. increased its position in shares of NIKE by 1.0% during the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 14,176 shares of the footwear maker’s stock worth $1,007,000 after acquiring an additional 134 shares in the last quarter. Caldwell Sutter Capital Inc. increased its position in shares of NIKE by 6.3% during the second quarter. Caldwell Sutter Capital Inc. now owns 2,390 shares of the footwear maker’s stock worth $170,000 after acquiring an additional 142 shares in the last quarter. Salomon & Ludwin LLC increased its position in shares of NIKE by 10.1% during the second 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 increased its position in shares of NIKE by 2.9% during the second 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 increased its position in shares of NIKE by 0.3% during the second 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. 64.25% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Chairman Mark G. Parker sold 86,078 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the completion of the transaction, the chairman directly owned 744,988 shares of the company’s stock, valued at $56,566,938.84. This represents a 10.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Treasure Heinle sold 4,300 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $71.27, for a total transaction of $306,461.00. Following 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Cowen raised shares of NIKE from a “hold” rating to a “buy” rating in a research report on Wednesday, September 10th. Telsey Advisory Group reissued a “market perform” rating and set a $75.00 target price on shares of NIKE in a research report on Wednesday, October 1st. Wall Street Zen upgraded shares of NIKE from a “sell” rating to a “hold” rating in a research note on Saturday, September 6th. Stifel Nicolaus set a $68.00 price objective on shares of NIKE and gave the company a “hold” rating in a research note on Wednesday, October 1st. Finally, The Goldman Sachs Group set a $85.00 price objective on shares of NIKE and gave the company a “buy” rating in a research note on Thursday, September 25th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $82.21.

NIKE Trading Down 2.4%

NYSE:NKE opened at $61.18 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.19. The firm has a market cap of $90.43 billion, a price-to-earnings ratio of 31.37, a price-to-earnings-growth ratio of 2.41 and a beta of 1.29. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $82.44. The firm has a 50-day moving average price of $70.61 and a two-hundred day moving average price of $68.50.

NIKE (NYSE:NKE) last released its earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.22. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The firm 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. The company’s revenue was up 1.0% compared to the same quarter last year. On average, equities analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. NIKE’s dividend payout ratio is currently 82.05%.

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.