Banque Transatlantique SA Has $274,000 Holdings in NIKE, Inc. $NKE

Key Points

• Banque Transatlantique SA significantly increased its stake in NIKE, Inc. by 264.3% in the first quarter, owning a total of 4,674 shares valued at $274,000.
• NIKE's Chairman Mark G. Parker sold 110,000 shares for nearly $8 million, resulting in an 11.55% decrease in his ownership.
• The company recently posted quarterly earnings beating analysts' estimates, reporting a revenue of $11.10 billion, but experienced an 11.9% decline in revenue year-over-year.

Banque Transatlantique SA grew its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 264.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,674 shares of the footwear maker's stock after buying an additional 3,391 shares during the period. Banque Transatlantique SA's holdings in NIKE were worth $274,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new stake in NIKE during the 4th quarter valued at approximately $28,000. Stone House Investment Management LLC bought a new stake in NIKE in the 1st quarter worth approximately $25,000. Saudi Central Bank bought a new position in shares of NIKE during the 1st quarter valued at approximately $30,000. Putney Financial Group LLC bought a new position in NIKE in the 4th quarter valued at $40,000. Finally, Minot DeBlois Advisors LLC bought a new position in NIKE in the 4th quarter valued at $42,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total value of $7,951,900.00. Following the transaction, the chairman directly owned 842,361 shares of the company's stock, valued at $60,894,276.69. This represents a 11.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NKE. Needham & Company LLC upped their price objective on NIKE from $66.00 to $78.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Robert W. Baird raised their target price on NIKE from $80.00 to $88.00 and gave the stock an "outperform" rating in a report on Friday, June 27th. Barclays increased their price target on NIKE from $53.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Friday, June 27th. Evercore ISI lowered their price target on NIKE from $97.00 to $75.00 and set an "outperform" rating on the stock in a research report on Tuesday, June 24th. Finally, Wells Fargo & Company increased their price target on NIKE from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, NIKE has an average rating of "Moderate Buy" and a consensus target price of $78.22.

NIKE Stock Performance

Shares of NKE stock traded down $0.55 on Tuesday, reaching $73.60. The stock had a trading volume of 8,676,775 shares, compared to its average volume of 16,283,493. The company has a quick ratio of 1.50, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The firm's 50-day moving average is $75.54 and its two-hundred day moving average is $67.83. The firm has a market capitalization of $108.70 billion, a price-to-earnings ratio of 34.07, a P/E/G ratio of 2.69 and a beta of 1.24. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $90.62.

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

NIKE Dividend Announcement

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

NIKE Company Profile

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.