BNP Paribas Asset Management Holding S.A. Boosts Stock Position in NIKE, Inc. (NYSE:NKE)

BNP Paribas Asset Management Holding S.A. grew its holdings in NIKE, Inc. (NYSE:NKEFree Report) by 7.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,271,981 shares of the footwear maker’s stock after acquiring an additional 159,584 shares during the quarter. NIKE accounts for 0.7% of BNP Paribas Asset Management Holding S.A.’s holdings, making the stock its 23rd largest holding. BNP Paribas Asset Management Holding S.A.’s holdings in NIKE were worth $246,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in NKE. Norges Bank purchased a new stake in shares of NIKE in the fourth quarter valued at approximately $1,315,097,000. Newport Trust Company LLC acquired a new stake in NIKE during the third quarter worth about $679,775,000. Van ECK Associates Corp increased its stake in NIKE by 117.0% during the third quarter. Van ECK Associates Corp now owns 2,986,441 shares of the footwear maker’s stock worth $285,564,000 after acquiring an additional 1,610,273 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in NIKE by 37.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,791,531 shares of the footwear maker’s stock worth $553,786,000 after acquiring an additional 1,583,541 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of NIKE in the third quarter worth about $97,724,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NKE shares. Telsey Advisory Group reduced their price target on NIKE from $140.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, March 18th. Morgan Stanley lowered their target price on NIKE from $124.00 to $116.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 27th. HSBC decreased their price target on NIKE from $120.00 to $115.00 and set a “hold” rating for the company in a research note on Monday, January 22nd. Sanford C. Bernstein lowered their target price on NIKE from $134.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Finally, Oppenheimer cut NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 price target for the company. in a research note on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $116.26.

View Our Latest Stock Analysis on NIKE

Insiders Place Their Bets

In other NIKE news, EVP Monique S. Matheson sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the transaction, the executive vice president now owns 44,997 shares in the company, valued at approximately $4,236,917.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Chairman Mark G. Parker sold 168,378 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $93.14, for a total value of $15,682,726.92. Following the transaction, the chairman now directly owns 1,102,090 shares of the company’s stock, valued at approximately $102,648,662.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Monique S. Matheson sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total value of $4,237,200.00. Following the completion of the transaction, the executive vice president now directly owns 44,997 shares in the company, valued at $4,236,917.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 213,660 shares of company stock worth $19,946,333. Company insiders own 0.50% of the company’s stock.

NIKE Price Performance

NKE stock traded down $0.41 during mid-day trading on Monday, hitting $91.77. 9,394,938 shares of the stock were exchanged, compared to its average volume of 9,285,159. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. The business has a fifty day moving average price of $94.00 and a 200 day moving average price of $102.37. NIKE, Inc. has a 12 month low of $88.66 and a 12 month high of $123.39. The stock has a market capitalization of $138.51 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 1.78 and a beta of 1.07.

NIKE (NYSE:NKEGet Free Report) last released its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The firm had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.28 billion. On average, sell-side analysts anticipate that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.61%. NIKE’s dividend payout ratio (DPR) is 43.53%.

About NIKE

(Free Report)

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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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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