Banque Cantonale Vaudoise Sells 2,293 Shares of NIKE, Inc. (NYSE:NKE)

Banque Cantonale Vaudoise reduced its position in NIKE, Inc. (NYSE:NKEFree Report) by 2.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,192 shares of the footwear maker’s stock after selling 2,293 shares during the period. Banque Cantonale Vaudoise’s holdings in NIKE were worth $8,241,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NKE. Impact Partnership Wealth LLC lifted its position in shares of NIKE by 220.7% in the third quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock worth $25,000 after buying an additional 181 shares in the last quarter. Marquette Asset Management LLC lifted its position in shares of NIKE by 201.3% in the second quarter. Marquette Asset Management LLC now owns 241 shares of the footwear maker’s stock worth $27,000 after buying an additional 161 shares in the last quarter. Horizon Bancorp Inc. IN purchased a new stake in shares of NIKE in the second quarter worth about $29,000. Financial Freedom LLC purchased a new stake in shares of NIKE in the fourth quarter worth about $29,000. Finally, Worth Asset Management LLC purchased a new stake in shares of NIKE in the first quarter worth about $32,000. 63.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Raymond James boosted their target price on NIKE from $121.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 19th. HSBC cut their target price on NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a research note on Monday, January 22nd. Stifel Nicolaus cut their target price on NIKE from $135.00 to $129.00 and set a “buy” rating on the stock in a research note on Friday, December 22nd. Evercore ISI began coverage on NIKE in a research note on Tuesday, November 7th. They issued an “outperform” rating and a $124.00 price objective on the stock. Finally, TheStreet cut NIKE from a “b” rating to a “c+” rating in a research note on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $123.62.

View Our Latest Research Report on NIKE

Insider Activity

In other news, EVP Monique S. Matheson sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $119.00, for a total transaction of $1,190,000.00. Following the sale, the executive vice president now directly owns 44,736 shares in the company, valued at approximately $5,323,584. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.50% of the company’s stock.

NIKE Stock Performance

NKE traded down $1.05 during midday trading on Friday, hitting $100.71. 8,966,927 shares of the company were exchanged, compared to its average volume of 8,288,379. The company’s 50 day simple moving average is $108.80 and its 200 day simple moving average is $104.66. The firm has a market capitalization of $153.27 billion, a price-to-earnings ratio of 29.45, a price-to-earnings-growth ratio of 1.89 and a beta of 1.11. The company has a current ratio of 2.74, a quick ratio of 1.85 and a debt-to-equity ratio of 0.63. NIKE, Inc. has a 1-year low of $88.66 and a 1-year high of $129.42.

NIKE (NYSE:NKEGet Free Report) last posted its earnings results on Thursday, December 21st. The footwear maker reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.19. NIKE had a return on equity of 37.41% and a net margin of 10.28%. The firm had revenue of $13.40 billion for the quarter, compared to analysts’ expectations of $13.39 billion. During the same period last year, the firm earned $0.85 EPS. The company’s quarterly revenue was up .8% on a year-over-year basis. As a group, sell-side analysts predict that NIKE, Inc. will post 3.57 earnings per share for the current year.

NIKE Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 4th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, December 1st. This is a boost from NIKE’s previous quarterly dividend of $0.34. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.47%. NIKE’s dividend payout ratio (DPR) is 43.27%.

NIKE Profile

(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.

Further Reading

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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