Groupama Asset Managment Increases Stock Holdings in NIKE, Inc. $NKE

Groupama Asset Managment boosted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 91.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,436 shares of the footwear maker’s stock after buying an additional 18,360 shares during the period. Groupama Asset Managment’s holdings in NIKE were worth $2,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stone House Investment Management LLC acquired a new position in shares of NIKE during the first quarter valued at about $25,000. Mascoma Wealth Management LLC acquired a new stake in NIKE in the 2nd quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC grew its position in NIKE by 952.6% during the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 362 shares during the last quarter. Saudi Central Bank acquired a new position in NIKE during the 1st quarter valued at approximately $30,000. Finally, Matrix Trust Co increased its stake in NIKE by 53.1% during the 2nd quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock valued at $31,000 after purchasing an additional 153 shares in the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Jorgen Vig Knudstorp bought 16,150 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average cost of $62.09 per share, for a total transaction of $1,002,753.50. Following the purchase, the director directly owned 21,388 shares in the company, valued at approximately $1,327,980.92. This trade represents a 308.32% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Treasure Heinle sold 4,300 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $71.27, for a total transaction of $306,461.00. Following the sale, the executive vice president directly owned 29,396 shares in the company, valued at $2,095,052.92. This trade represents a 12.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.80% of the company’s stock.

NIKE Stock Performance

NYSE NKE opened at $64.84 on Friday. The firm has a market capitalization of $95.84 billion, a P/E ratio of 33.25, a PEG ratio of 2.41 and a beta of 1.29. The stock has a 50-day simple moving average of $66.53 and a two-hundred day simple moving average of $69.00. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.19. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $82.44.

NIKE (NYSE:NKE) last issued its earnings results on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22. The firm had revenue of $11.72 billion for 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 company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 earnings per share. On average, equities analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from NIKE’s previous quarterly dividend of $0.40. NIKE’s dividend payout ratio is 84.10%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Citigroup upgraded shares of NIKE from a “neutral” rating to a “positive” rating in a research note on Friday, September 19th. TD Cowen raised NIKE from a “hold” rating to a “buy” rating and lifted their price target for the stock from $62.00 to $85.00 in a research report on Wednesday, September 10th. DZ Bank upgraded NIKE from a “hold” rating to a “buy” rating in a research note on Wednesday, October 1st. Cowen upgraded NIKE from a “hold” rating to a “buy” rating in a research note on Wednesday, September 10th. Finally, Weiss Ratings downgraded NIKE from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Three analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.24.

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.