NIKE, Inc. (NYSE:NKE) Shares Bought by Natixis

Natixis boosted its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 128.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 503,015 shares of the footwear maker's stock after acquiring an additional 282,433 shares during the period. Natixis' holdings in NIKE were worth $38,063,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of NKE. Ossiam boosted its position in shares of NIKE by 8.0% in the 4th quarter. Ossiam now owns 36,177 shares of the footwear maker's stock worth $2,738,000 after purchasing an additional 2,680 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in NIKE by 59.7% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 44,387 shares of the footwear maker's stock valued at $3,359,000 after buying an additional 16,598 shares during the last quarter. Bank of Nova Scotia Trust Co. boosted its holdings in NIKE by 3.5% in the fourth quarter. Bank of Nova Scotia Trust Co. now owns 50,103 shares of the footwear maker's stock worth $3,791,000 after acquiring an additional 1,693 shares in the last quarter. Beck Mack & Oliver LLC purchased a new stake in shares of NIKE in the fourth quarter worth $235,000. Finally, Capital International Inc. CA increased its holdings in shares of NIKE by 9.2% during the fourth quarter. Capital International Inc. CA now owns 297,468 shares of the footwear maker's stock valued at $22,509,000 after acquiring an additional 25,182 shares in the last quarter. Institutional investors own 64.25% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Morgan Stanley dropped their price target on shares of NIKE from $72.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Friday, March 21st. The Goldman Sachs Group dropped their target price on shares of NIKE from $88.00 to $72.00 and set a "buy" rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. cut their price target on shares of NIKE from $73.00 to $64.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $80.00 price objective on shares of NIKE in a research report on Monday, March 17th. Finally, Stifel Nicolaus decreased their target price on NIKE from $75.00 to $64.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Sixteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $83.19.

NIKE Price Performance

Shares of NIKE stock traded up $0.20 during trading hours on Wednesday, hitting $57.26. The company's stock had a trading volume of 14,378,612 shares, compared to its average volume of 14,256,133. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $98.04. The business has a 50 day moving average price of $67.75 and a two-hundred day moving average price of $73.44. The company has a market cap of $84.69 billion, a PE ratio of 17.67, a PEG ratio of 2.52 and a beta of 1.15.

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

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.79%. The ex-dividend date was Monday, March 3rd. NIKE's dividend payout ratio is presently 53.16%.

Insider Transactions at NIKE

In related news, Chairman Mark G. Parker sold 169,732 shares of NIKE stock in a transaction dated 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 completion of the transaction, the chairman now owns 896,632 shares in the company, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert Holmes Swan purchased 8,600 shares of the firm's stock in a transaction on Friday, April 4th. The stock was bought at an average cost of $58.46 per share, with a total value of $502,756.00. Following the acquisition, the director now owns 31,983 shares of the company's stock, valued at approximately $1,869,726.18. The trade was a 36.78 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.10% of the company's stock.

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.