25,900 Shares in NIKE, Inc. $NKE Bought by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of NIKE, Inc. (NYSE:NKE) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 25,900 shares of the footwear maker’s stock, valued at approximately $1,368,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of NIKE by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 116,993,541 shares of the footwear maker’s stock valued at $7,453,658,000 after purchasing an additional 1,702,342 shares during the last quarter. State Street Corp lifted its position in shares of NIKE by 2.2% during the 4th quarter. State Street Corp now owns 59,315,606 shares of the footwear maker’s stock worth $3,802,807,000 after purchasing an additional 1,275,494 shares during the last quarter. Capital World Investors lifted its position in shares of NIKE by 16.2% during the 4th quarter. Capital World Investors now owns 49,069,951 shares of the footwear maker’s stock worth $3,126,246,000 after purchasing an additional 6,830,938 shares during the last quarter. J. Stern & Co. LLP boosted its stake in NIKE by 49,010.4% during the 4th quarter. J. Stern & Co. LLP now owns 48,054,542 shares of the footwear maker’s stock valued at $3,061,555,000 after purchasing an additional 47,956,692 shares during the period. Finally, Geode Capital Management LLC boosted its stake in NIKE by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 26,442,879 shares of the footwear maker’s stock valued at $1,677,251,000 after purchasing an additional 233,925 shares during the period. 64.25% of the stock is currently owned by institutional investors.

NIKE Trading Down 1.8%

Shares of NIKE stock opened at $43.78 on Friday. NIKE, Inc. has a 52-week low of $40.00 and a 52-week high of $80.17. The firm has a market capitalization of $64.83 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 2.57 and a beta of 1.12. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.96 and a quick ratio of 1.36. The company’s fifty day moving average price is $43.67 and its two-hundred day moving average price is $51.86.

NIKE (NYSE:NKE) last released its quarterly earnings data on Tuesday, June 30th. The footwear maker reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The company had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $10.85 billion. During the same period last year, the firm earned $0.14 EPS. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, analysts expect that NIKE, Inc. will post 1.76 EPS for the current year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 1st were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Monday, June 1st. NIKE’s dividend payout ratio is 78.47%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Robert W. Baird reaffirmed an “outperform” rating and issued a $70.00 price target on shares of NIKE in a research report on Wednesday, July 1st. Jefferies Financial Group reduced their price objective on NIKE from $90.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Evercore set a $46.00 price objective on shares of NIKE and gave the stock an “in-line” rating in a research note on Tuesday, June 23rd. Telsey Advisory Group set a $47.00 target price on shares of NIKE and gave the stock a “market perform” rating in a research report on Wednesday, July 1st. Finally, DA Davidson cut shares of NIKE from a “buy” rating to a “neutral” rating and cut their target price for the company from $72.00 to $46.00 in a research note on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $54.80.

Insider Buying and Selling

In other NIKE news, EVP Philip Mccartney sold 17,398 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $46.18, for a total transaction of $803,439.64. Following the completion of the transaction, the executive vice president owned 53,133 shares in the company, valued at $2,453,681.94. This trade represents a 24.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.80% of the stock is currently owned by corporate insiders.

NIKE Company Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).