Fiera Capital Corp Buys 20,326 Shares of NIKE, Inc. $NKE

Fiera Capital Corp lifted its stake in NIKE, Inc. (NYSE:NKE) by 1.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,148,529 shares of the footwear maker’s stock after buying an additional 20,326 shares during the period. Fiera Capital Corp owned about 0.08% of NIKE worth $80,087,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC increased its stake in shares of NIKE by 697.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 228,889 shares of the footwear maker’s stock valued at $15,960,000 after buying an additional 200,187 shares during the period. Soros Fund Management LLC lifted its stake in shares of NIKE by 33.0% during the second quarter. Soros Fund Management LLC now owns 302,320 shares of the footwear maker’s stock valued at $21,477,000 after acquiring an additional 75,000 shares during the period. Brighton Jones LLC boosted its holdings in NIKE by 54.6% in the third quarter. Brighton Jones LLC now owns 104,791 shares of the footwear maker’s stock valued at $7,307,000 after acquiring an additional 37,019 shares during the last quarter. Soltis Investment Advisors LLC increased its position in NIKE by 238.8% in the second quarter. Soltis Investment Advisors LLC now owns 141,356 shares of the footwear maker’s stock worth $10,042,000 after purchasing an additional 99,638 shares during the period. Finally, Banco Santander S.A. raised its holdings in NIKE by 28.3% during the 2nd quarter. Banco Santander S.A. now owns 221,117 shares of the footwear maker’s stock worth $15,708,000 after purchasing an additional 48,764 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Timothy D. Cook acquired 50,000 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was bought at an average price of $58.97 per share, for a total transaction of $2,948,500.00. Following the acquisition, the director directly owned 105,480 shares of the company’s stock, valued at approximately $6,220,155.60. The trade was a 90.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Holmes Swan purchased 8,691 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was bought at an average price of $57.54 per share, with a total value of $500,080.14. Following the completion of the purchase, the director owned 43,293 shares of the company’s stock, valued at approximately $2,491,079.22. This represents a 25.12% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 75,079 shares of company stock valued at $4,449,887 in the last three months. 0.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NKE shares. Daiwa Securities Group reduced their target price on shares of NIKE from $75.00 to $61.00 in a research note on Tuesday, December 23rd. Deutsche Bank Aktiengesellschaft set a $67.00 price objective on shares of NIKE in a report on Thursday, January 8th. The Goldman Sachs Group lowered their target price on shares of NIKE from $77.00 to $76.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Piper Sandler set a $75.00 target price on shares of NIKE and gave the company an “overweight” rating in a research report on Friday, December 19th. Finally, Raymond James Financial restated a “market perform” rating on shares of NIKE in a research report on Monday, December 15th. One research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $74.61.

NIKE Stock Up 0.3%

Shares of NIKE stock opened at $65.76 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.06 and a quick ratio of 1.40. The company has a market capitalization of $97.35 billion, a P/E ratio of 38.68, a price-to-earnings-growth ratio of 3.36 and a beta of 1.27. The business has a 50-day moving average of $63.51 and a two-hundred day moving average of $67.54. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $82.44.

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

NIKE Dividend Announcement

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

NIKE Company 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).