Banque Cantonale Vaudoise Has $1.39 Million Position in NIKE, Inc. (NYSE:NKE)

Banque Cantonale Vaudoise cut its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 67.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,720 shares of the footwear maker's stock after selling 33,205 shares during the period. Banque Cantonale Vaudoise's holdings in NIKE were worth $1,390,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NKE. Legal & General Group Plc lifted its stake in NIKE by 5.5% in the second quarter. Legal & General Group Plc now owns 11,049,294 shares of the footwear maker's stock valued at $832,785,000 after acquiring an additional 571,544 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of NIKE by 0.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,025,616 shares of the footwear maker's stock worth $454,151,000 after buying an additional 52,500 shares during the last quarter. Longview Partners Guernsey LTD acquired a new position in NIKE in the 1st quarter valued at $533,533,000. Capital World Investors raised its holdings in NIKE by 612.2% in the 1st quarter. Capital World Investors now owns 5,185,432 shares of the footwear maker's stock worth $487,327,000 after acquiring an additional 4,457,376 shares during the period. Finally, Van ECK Associates Corp lifted its position in NIKE by 15.1% during the 3rd quarter. Van ECK Associates Corp now owns 4,885,672 shares of the footwear maker's stock worth $431,893,000 after acquiring an additional 641,398 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Trading Down 0.8 %

NYSE NKE opened at $73.33 on Thursday. The company has a market cap of $109.95 billion, a PE ratio of 21.01, a PEG ratio of 1.80 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 has a 50 day moving average of $80.61 and a 200-day moving average of $82.83. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE - Get Free Report) last issued its earnings results on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.18. The business had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $11.64 billion. NIKE had a net margin of 10.60% and a return on equity of 39.84%. NIKE's revenue was down 10.4% on a year-over-year basis. During the same period last year, the business posted $0.94 EPS. On average, equities research analysts anticipate that NIKE, Inc. will post 2.74 EPS for the current fiscal year.

NIKE Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.18%. This is a boost from NIKE's previous quarterly dividend of $0.37. The ex-dividend date is Monday, December 2nd. NIKE's payout ratio is 42.41%.

Analyst Ratings Changes

Several research analysts have commented on the company. Truist Financial raised NIKE from a "hold" rating to a "buy" rating and lifted their price target for the stock from $83.00 to $97.00 in a research report on Thursday, October 10th. Jefferies Financial Group upped their price objective on shares of NIKE from $80.00 to $85.00 and gave the company a "hold" rating in a research report on Monday, September 30th. UBS Group upped their price target on NIKE from $78.00 to $82.00 and gave the company a "neutral" rating in a report on Wednesday, October 2nd. Telsey Advisory Group cut their target price on NIKE from $100.00 to $96.00 and set an "outperform" rating for the company in a research note on Wednesday, October 2nd. Finally, Evercore ISI lowered their target price on shares of NIKE from $110.00 to $105.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 2nd. Fourteen research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $96.30.

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.