AG2R LA Mondiale Gestion D Actifs Purchases Shares of 43,651 NIKE, Inc. $NKE

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired 43,651 shares of NIKE, Inc., valued at approximately $2,645,000, during the first quarter.
• Goldman Sachs Group Inc. significantly increased its stake in NIKE by 344.2%, now owning over 26 million shares worth $1.69 billion.
• NIKE recently reported an EPS of $0.14, beating consensus estimates and achieving $11.10 billion in revenue despite a year-over-year decline of 11.9%.

AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 43,651 shares of the footwear maker's stock, valued at approximately $2,645,000.

A number of other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its stake in NIKE by 344.2% during the first quarter. Goldman Sachs Group Inc. now owns 26,698,835 shares of the footwear maker's stock worth $1,694,842,000 after purchasing an additional 20,688,013 shares in the last quarter. Wellington Management Group LLP boosted its stake in NIKE by 24.9% during the 1st quarter. Wellington Management Group LLP now owns 45,383,916 shares of the footwear maker's stock worth $2,880,971,000 after purchasing an additional 9,043,180 shares during the period. Jennison Associates LLC purchased a new position in NIKE during the 1st quarter worth $509,051,000. Nuveen LLC purchased a new position in shares of NIKE in the 1st quarter valued at about $502,285,000. Finally, Vanguard Group Inc. boosted its stake in shares of NIKE by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 113,151,080 shares of the footwear maker's stock worth $7,182,831,000 after purchasing an additional 4,957,494 shares during the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NKE has been the topic of several research reports. Hsbc Global Res upgraded shares of NIKE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $70.00 target price on shares of NIKE in a research note on Friday, June 27th. Deutsche Bank Aktiengesellschaft decreased their target price on NIKE from $77.00 to $71.00 and set a "buy" rating for the company in a research report on Friday, June 20th. Morgan Stanley upped their price target on NIKE from $61.00 to $64.00 and gave the company an "equal weight" rating in a research report on Friday, June 27th. Finally, Argus upgraded NIKE to a "buy" rating in a report on Sunday, July 6th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $78.67.

NIKE Trading Down 1.6%

NYSE NKE opened at $73.12 on Friday. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $90.62. The company has a current ratio of 2.21, a quick ratio of 1.50 and a debt-to-equity ratio of 0.60. The business's 50-day moving average price is $75.40 and its two-hundred day moving average price is $67.81. The firm has a market capitalization of $107.98 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 2.70 and a beta of 1.24.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. The company had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.69 billion. NIKE had a return on equity of 23.33% and a net margin of 6.95%.NIKE's revenue was down 11.9% on a year-over-year basis. During the same period last year, the business posted $0.99 earnings per share. On average, analysts expect that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 2nd. NIKE's dividend payout ratio (DPR) is currently 74.07%.

Insider Transactions at NIKE

In other news, Chairman Mark G. Parker sold 86,078 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the completion of the transaction, the chairman owned 744,988 shares in the company, valued at $56,566,938.84. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.80% of the company's stock.

About NIKE

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.

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