Natixis Advisors LLC Raises Stock Position in NIKE, Inc. (NYSE:NKE)

Natixis Advisors LLC raised its position in NIKE, Inc. (NYSE:NKE - Free Report) by 27.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,242,707 shares of the footwear maker's stock after purchasing an additional 268,791 shares during the period. Natixis Advisors LLC owned 0.08% of NIKE worth $109,855,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Longview Partners Guernsey LTD bought a new position in shares of NIKE in the 1st quarter worth about $533,533,000. Capital World Investors increased its holdings in NIKE by 612.2% in the first quarter. Capital World Investors now owns 5,185,432 shares of the footwear maker's stock worth $487,327,000 after purchasing an additional 4,457,376 shares in the last quarter. PineStone Asset Management Inc. lifted its stake in NIKE by 138.3% in 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 period. Renaissance Technologies LLC boosted its holdings in shares of NIKE by 351.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,991,519 shares of the footwear maker's stock worth $150,101,000 after buying an additional 1,550,611 shares in the last quarter. Finally, KBC Group NV grew its position in shares of NIKE by 145.2% during the 3rd quarter. KBC Group NV now owns 2,111,708 shares of the footwear maker's stock worth $186,675,000 after buying an additional 1,250,380 shares during the period. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NKE shares. Stifel Nicolaus cut their target price on shares of NIKE from $88.00 to $79.00 and set a "hold" rating on the stock in a research note on Monday, August 26th. Morgan Stanley increased their price objective on shares of NIKE from $79.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft decreased their target price on NIKE from $95.00 to $92.00 and set a "buy" rating for the company in a research report on Wednesday, October 2nd. TD Cowen increased their price target on NIKE from $71.00 to $78.00 and gave the stock a "hold" rating in a report on Wednesday, October 2nd. Finally, Evercore ISI reduced their price target on shares of NIKE from $110.00 to $105.00 and set an "outperform" rating for the company in a research report on Wednesday, October 2nd. Fourteen research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, NIKE has an average rating of "Moderate Buy" and an average price target of $96.48.

NIKE Stock Performance

NKE traded up $0.98 during trading hours on Friday, hitting $76.66. The stock had a trading volume of 13,584,939 shares, compared to its average volume of 11,489,007. NIKE, Inc. has a 1 year low of $70.75 and a 1 year high of $123.39. The company's fifty day simple moving average is $80.89 and its 200 day simple moving average is $83.27. The stock has a market cap of $114.94 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 1.86 and a beta of 1.03. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly 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 company had revenue of $11.59 billion for the quarter, compared to analyst estimates of $11.64 billion. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The company's quarterly revenue was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.94 earnings per share. Equities analysts anticipate that NIKE, Inc. will post 2.74 earnings per share for the current year.

NIKE Increases Dividend

The business also recently announced 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. The ex-dividend date is Monday, December 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.09%. This is an increase from NIKE's previous quarterly dividend of $0.37. NIKE's dividend payout ratio is currently 42.41%.

NIKE Company 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.