NIKE, Inc. (NYSE:NKE) Shares Sold by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG reduced its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 12.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 166,947 shares of the footwear maker's stock after selling 23,968 shares during the period. Bank Pictet & Cie Europe AG's holdings in NIKE were worth $10,598,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NKE. Renaissance Technologies LLC lifted its holdings in shares of NIKE by 1,302.7% in the 4th quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock valued at $196,901,000 after buying an additional 2,416,601 shares during the period. Capitolis Liquid Global Markets LLC raised its position in NIKE by 40.9% in the fourth quarter. Capitolis Liquid Global Markets LLC now owns 310,000 shares of the footwear maker's stock worth $23,458,000 after acquiring an additional 90,000 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in NIKE by 8.3% in the fourth quarter. Janus Henderson Group PLC now owns 6,081,021 shares of the footwear maker's stock valued at $460,160,000 after acquiring an additional 463,470 shares during the period. Markel Group Inc. lifted its holdings in NIKE by 0.8% in the fourth quarter. Markel Group Inc. now owns 432,400 shares of the footwear maker's stock valued at $32,720,000 after acquiring an additional 3,500 shares during the period. Finally, Evergreen Capital Management LLC boosted its position in shares of NIKE by 3.3% during the 4th quarter. Evergreen Capital Management LLC now owns 237,199 shares of the footwear maker's stock worth $18,042,000 after purchasing an additional 7,536 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Stock Up 2.3%

Shares of NKE stock traded up $1.37 on Monday, hitting $61.90. The stock had a trading volume of 13,661,683 shares, compared to its average volume of 15,194,346. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $98.04. The firm has a market capitalization of $91.55 billion, a price-to-earnings ratio of 19.10, a P/E/G ratio of 2.52 and a beta of 1.21. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The stock's 50 day moving average is $59.38 and its 200-day moving average is $68.60.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.26. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company had revenue of $11.27 billion during the quarter, compared to analysts' expectations of $11.02 billion. During the same period in the prior year, the company posted $0.98 EPS. The firm's revenue for the quarter was down 9.1% on a year-over-year basis. As a group, research analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.58%. NIKE's dividend payout ratio (DPR) is presently 53.16%.

Insider Buying and Selling at NIKE

In other news, Director Robert Holmes Swan purchased 8,600 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the purchase, the director now owns 31,983 shares of the company's stock, valued at approximately $1,869,726.18. This trade represents a 36.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NKE has been the subject of several recent analyst reports. Cfra Research upgraded shares of NIKE to a "moderate buy" rating in a research note on Friday, March 21st. Williams Trading decreased their price target on NIKE from $93.00 to $73.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. China Renaissance began coverage on NIKE in a report on Wednesday, March 19th. They issued a "hold" rating on the stock. Berenberg Bank began coverage on NIKE in a research note on Tuesday, April 15th. They issued a "hold" rating and a $58.00 price objective for the company. Finally, JPMorgan Chase & Co. decreased their target price on NIKE from $64.00 to $56.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $80.26.

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.