Candriam S.C.A. Increases Holdings in NIKE, Inc. (NYSE:NKE)

Candriam S.C.A. grew its holdings in shares of NIKE, Inc. (NYSE:NKE) by 2.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 564,776 shares of the footwear maker’s stock after buying an additional 13,485 shares during the period. Candriam S.C.A.’s holdings in NIKE were worth $42,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of NKE. Heck Capital Advisors LLC purchased a new stake in NIKE during the 4th quarter worth about $28,000. Caitlin John LLC lifted its holdings in shares of NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Teachers Insurance & Annuity Association of America purchased a new stake in shares of NIKE in the 3rd quarter valued at about $30,000. Roxbury Financial LLC purchased a new stake in shares of NIKE in the 4th quarter valued at about $30,000. Finally, BankPlus Trust Department purchased a new stake in shares of NIKE in the 4th quarter valued at about $34,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction 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 completion of the sale, the chairman now directly owns 896,632 shares in the company, valued at approximately $65,301,708.56. This represents a 15.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John W. Rogers, Jr. purchased 2,500 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was bought at an average price of $76.65 per share, with a total value of $191,625.00. Following the completion of the acquisition, the director now owns 34,403 shares in the company, valued at $2,636,989.95. This represents a 7.84 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. UBS Group reissued a “neutral” rating and issued a $73.00 target price on shares of NIKE in a report on Thursday, December 26th. Barclays reduced their target price on NIKE from $79.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. JPMorgan Chase & Co. reduced their price objective on NIKE from $77.00 to $73.00 and set a “neutral” rating for the company in a research note on Monday, December 2nd. TD Cowen reduced their price objective on NIKE from $78.00 to $73.00 and set a “hold” rating for the company in a research note on Monday, November 18th. Finally, Citigroup downgraded NIKE from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $102.00 to $72.00 in a research note on Friday, February 7th. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $89.77.

NIKE Trading Up 0.6 %

Shares of NIKE stock opened at $77.76 on Thursday. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The firm has a market cap of $115.01 billion, a PE ratio of 24.00, a P/E/G ratio of 2.52 and a beta of 1.01. The business’s fifty day moving average is $74.70 and its two-hundred day moving average is $78.25. NIKE, Inc. has a fifty-two week low of $68.62 and a fifty-two week high of $102.49.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.15. The business had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period last year, the company posted $1.03 EPS. Analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Monday, March 3rd. NIKE’s dividend payout ratio (DPR) is currently 49.38%.

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.