NIKE, Inc. $NKE Shares Acquired by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of NIKE, Inc. (NYSE:NKE) by 21.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,502,547 shares of the footwear maker’s stock after acquiring an additional 265,287 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.10% of NIKE worth $104,752,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC purchased a new position in shares of NIKE during the 2nd quarter valued at approximately $31,000. Guerra Advisors Inc acquired a new position in NIKE during the third quarter worth $34,000. Abich Financial Wealth Management LLC purchased a new position in NIKE during the third quarter valued at $43,000. NewSquare Capital LLC grew its position in shares of NIKE by 54.4% in the second quarter. NewSquare Capital LLC now owns 732 shares of the footwear maker’s stock valued at $52,000 after purchasing an additional 258 shares during the period. Finally, Field & Main Bank grew its position in shares of NIKE by 36.4% in the second quarter. Field & Main Bank now owns 750 shares of the footwear maker’s stock valued at $53,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

NIKE stock opened at $65.76 on Friday. The company has a current ratio of 2.06, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $63.51 and a 200 day moving average price of $67.54. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $82.44. The stock has a market cap of $97.35 billion, a P/E ratio of 38.68, a PEG ratio of 3.36 and a beta of 1.27.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Thursday, December 18th. The footwear maker reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.16. The business had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.19 billion. NIKE had a net margin of 5.43% and a return on equity of 18.43%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.78 EPS. Sell-side analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.64 annualized dividend and a yield of 2.5%. NIKE’s dividend payout ratio (DPR) is 96.47%.

Analysts Set New Price Targets

Several research firms recently weighed in on NKE. Daiwa Securities Group reduced their price target on shares of NIKE from $75.00 to $61.00 in a research report on Tuesday, December 23rd. Argus reduced their target price on NIKE from $85.00 to $70.00 in a report on Tuesday, December 23rd. Williams Trading decreased their target price on NIKE from $100.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Oppenheimer reiterated an “outperform” rating on shares of NIKE in a research report on Wednesday, December 17th. Finally, KeyCorp reduced their price objective on NIKE from $90.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and an average target price of $74.61.

Insider Buying and Selling at NIKE

In other NIKE news, CEO Elliott Hill purchased 16,388 shares of the stock in a transaction dated Monday, December 29th. The stock was acquired at an average cost 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 in the company, valued at $14,760,965.70. This trade represents a 7.28% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Holmes Swan acquired 8,691 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The shares were acquired at an average cost of $57.54 per share, with a total value of $500,080.14. Following the completion of the transaction, the director directly owned 43,293 shares in the company, valued at approximately $2,491,079.22. The trade was a 25.12% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 75,079 shares of company stock worth $4,449,887 over the last quarter. 0.80% of the stock is currently owned by company insiders.

NIKE Profile

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).