BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $235.20 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 6.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,660,665 shares of the footwear maker's stock after selling 185,172 shares during the quarter. NIKE comprises about 0.6% of BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings, making the stock its 29th biggest position. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.18% of NIKE worth $235,203,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of NKE. Longview Partners Guernsey LTD acquired a new position in shares of NIKE during the first quarter valued at about $533,533,000. Capital World Investors grew its holdings in shares of NIKE by 612.2% during the first quarter. Capital World Investors now owns 5,185,432 shares of the footwear maker's stock valued at $487,327,000 after buying an additional 4,457,376 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of NIKE during the third quarter valued at about $144,927,000. PineStone Asset Management Inc. grew its holdings in shares of NIKE by 138.3% during the second quarter. PineStone Asset Management Inc. now owns 2,715,689 shares of the footwear maker's stock valued at $204,681,000 after buying an additional 1,576,049 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of NIKE by 351.7% during the second quarter. Renaissance Technologies LLC now owns 1,991,519 shares of the footwear maker's stock valued at $150,101,000 after buying an additional 1,550,611 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Price Performance

Shares of NYSE:NKE opened at $73.33 on Thursday. The company has a 50 day moving average of $80.61 and a 200 day moving average of $82.83. The stock has a market cap of $109.95 billion, a P/E ratio of 21.01, a P/E/G 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 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 quarterly earnings data on Tuesday, October 1st. The footwear maker reported $0.70 EPS for the quarter, beating the consensus estimate 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 previous year, the company earned $0.94 earnings per share. NIKE's revenue for the quarter was down 10.4% on a year-over-year basis. As a group, sell-side analysts forecast that NIKE, Inc. will post 2.74 EPS for the current fiscal year.

NIKE Increases Dividend

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

Wall Street Analysts Forecast Growth

NKE has been the subject of a number of analyst reports. Bank of America reduced their price objective on shares of NIKE from $104.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of NIKE from $95.00 to $92.00 and set a "buy" rating on the stock in a research report on Wednesday, October 2nd. Sanford C. Bernstein dropped their price target on shares of NIKE from $112.00 to $109.00 and set an "outperform" rating on the stock in a research report on Thursday, September 19th. Williams Trading raised shares of NIKE from a "sell" rating to a "buy" rating and raised their price target for the company from $67.00 to $93.00 in a research report on Friday, August 16th. Finally, TD Cowen dropped their price target on shares of NIKE from $78.00 to $73.00 and set a "hold" rating on the stock in a research report on Monday. Fourteen investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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.

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