Groupama Asset Managment Reduces Holdings in NIKE, Inc. (NYSE:NKE)

Groupama Asset Managment reduced its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 60.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 59,940 shares of the footwear maker's stock after selling 90,136 shares during the quarter. Groupama Asset Managment's holdings in NIKE were worth $4,475,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in NIKE during the fourth quarter worth about $28,000. Caitlin John LLC increased its stake in NIKE by 117.0% during the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock worth $28,000 after buying an additional 200 shares during the period. Roxbury Financial LLC acquired a new stake in NIKE during the 4th quarter worth approximately $30,000. LFA Lugano Financial Advisors SA boosted its position in NIKE by 110.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after buying an additional 210 shares during the period. Finally, Hopwood Financial Services Inc. acquired a new position in shares of NIKE in the fourth quarter worth $30,000. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Price Performance

Shares of NKE traded up $1.59 during mid-day trading on Friday, hitting $57.17. The company's stock had a trading volume of 67,715,001 shares, compared to its average volume of 13,447,552. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 1-year low of $52.50 and a 1-year high of $98.04. The firm has a market capitalization of $84.57 billion, a P/E ratio of 17.65, a P/E/G ratio of 2.52 and a beta of 1.02. The firm has a 50-day simple moving average of $72.96 and a 200 day simple moving average of $76.30.

NIKE (NYSE:NKE - Get Free Report) last released its earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.26. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same quarter last year, the company earned $0.98 earnings per share. NIKE's quarterly revenue was down 9.1% compared to the same quarter last year. Analysts predict that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.80%. NIKE's dividend payout ratio (DPR) is presently 53.16%.

Analysts Set New Price Targets

NKE has been the subject of several analyst reports. Bank of America lowered their target price on NIKE from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, December 20th. BMO Capital Markets reduced their target price on shares of NIKE from $95.00 to $92.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Guggenheim reiterated a "buy" rating and set a $110.00 price target on shares of NIKE in a report on Wednesday, February 12th. Cfra Research upgraded shares of NIKE to a "moderate buy" rating in a report on Friday, March 21st. Finally, Robert W. Baird cut their price target on NIKE from $105.00 to $99.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Fifteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $87.38.

Insider Buying and Selling at NIKE

In related news, Chairman Mark G. Parker sold 169,732 shares of the company's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the sale, the chairman now owns 896,632 shares in the company, valued at $65,301,708.56. This represents a 15.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

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.