Caisse Des Depots ET Consignations Invests $4.34 Million in NIKE, Inc. $NKE

Caisse Des Depots ET Consignations bought a new stake in NIKE, Inc. (NYSE:NKE) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 62,263 shares of the footwear maker’s stock, valued at approximately $4,342,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of NKE. Savvy Advisors Inc. grew its stake in NIKE by 17.9% during the 3rd quarter. Savvy Advisors Inc. now owns 6,093 shares of the footwear maker’s stock valued at $425,000 after acquiring an additional 927 shares in the last quarter. Caprock Group LLC acquired a new position in shares of NIKE during the 3rd quarter worth approximately $1,400,000. ING Groep NV grew its position in shares of NIKE by 5,363.0% in the third quarter. ING Groep NV now owns 306,202 shares of the footwear maker’s stock valued at $21,351,000 after purchasing an additional 300,597 shares in the last quarter. Rhumbline Advisers grew its position in shares of NIKE by 0.5% in the third quarter. Rhumbline Advisers now owns 2,195,955 shares of the footwear maker’s stock valued at $153,124,000 after purchasing an additional 11,802 shares in the last quarter. Finally, Krilogy Financial LLC acquired a new stake in shares of NIKE in the third quarter valued at approximately $537,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on NKE shares. Royal Bank Of Canada reissued a “buy” rating on shares of NIKE in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft set a $67.00 price target on NIKE in a report on Thursday, January 8th. Wells Fargo & Company set a $65.00 price target on shares of NIKE and gave the company an “overweight” rating in a research report on Friday, December 19th. BNP Paribas Exane cut their price objective on shares of NIKE from $38.00 to $35.00 and set an “underperform” rating for the company in a research report on Friday, December 19th. Finally, Guggenheim reaffirmed a “buy” rating on shares of NIKE in a research note on Wednesday, December 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.61.

Insider Transactions at NIKE

In other news, CEO Elliott Hill acquired 16,388 shares of the business’s stock in a transaction that occurred on Monday, December 29th. The shares were purchased at an average price of $61.10 per share, for a total transaction of $1,001,306.80. Following the acquisition, the chief executive officer owned 241,587 shares of the company’s stock, valued at $14,760,965.70. This represents a 7.28% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Holmes Swan bought 8,691 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were purchased at an average cost of $57.54 per share, for a total transaction of $500,080.14. Following the purchase, the director owned 43,293 shares in the company, valued at $2,491,079.22. This represents a 25.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders acquired 75,079 shares of company stock valued at $4,449,887. Corporate insiders own 0.80% of the company’s stock.

NIKE Trading Down 1.1%

Shares of NKE stock opened at $62.37 on Thursday. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $82.44. The firm has a market cap of $92.33 billion, a PE ratio of 36.69, a price-to-earnings-growth ratio of 3.23 and a beta of 1.27. The company has a 50-day moving average of $63.69 and a two-hundred day moving average of $68.01. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.06 and a quick ratio of 1.40.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, December 18th. The footwear maker reported $0.53 EPS for the quarter, topping the consensus estimate of $0.37 by $0.16. NIKE had a net margin of 5.43% and a return on equity of 18.43%. The firm had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.19 billion. During the same period in the prior year, the business posted $0.78 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. On average, analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 1st were given a dividend of $0.41 per share. This is an increase from NIKE’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Monday, December 1st. NIKE’s dividend payout ratio (DPR) is 96.47%.

About NIKE

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).