Compagnie Lombard Odier SCmA Has $7.28 Million Holdings in NIKE, Inc. $NKE

Key Points

• Compagnie Lombard Odier SCmA increased its holdings in NIKE, Inc. by 13.5% during the 2nd quarter, owning a total of 102,494 shares valued at approximately $7.28 million.
• NIKE reported a net revenue of $11.10 billion for the last quarter, exceeding analyst expectations, though it marks an 11.9% decline compared to the same quarter last year.
• The company has announced a quarterly dividend of $0.40 per share, resulting in an annual yield of 2.2%, with a dividend payout ratio of 74.07%.

Compagnie Lombard Odier SCmA increased its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 13.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,494 shares of the footwear maker's stock after acquiring an additional 12,160 shares during the quarter. Compagnie Lombard Odier SCmA's holdings in NIKE were worth $7,281,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Spire Wealth Management lifted its stake in NIKE by 4.4% in the 1st quarter. Spire Wealth Management now owns 9,872 shares of the footwear maker's stock valued at $627,000 after acquiring an additional 416 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of NIKE by 0.6% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,008,340 shares of the footwear maker's stock valued at $69,932,000 after purchasing an additional 5,601 shares during the last quarter. Mackenzie Financial Corp raised its holdings in NIKE by 75.1% in the 4th quarter. Mackenzie Financial Corp now owns 539,650 shares of the footwear maker's stock valued at $40,835,000 after acquiring an additional 231,417 shares during the period. Clal Insurance Enterprises Holdings Ltd acquired a new stake in NIKE during the 1st quarter worth approximately $25,963,000. Finally, BROOKFIELD Corp ON increased its position in NIKE by 36.2% during the first quarter. BROOKFIELD Corp ON now owns 658,598 shares of the footwear maker's stock worth $41,808,000 after acquiring an additional 175,000 shares during the period. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Stock Performance

Shares of NKE opened at $71.29 on Tuesday. NIKE, Inc. has a one year low of $52.28 and a one year high of $90.62. The business has a fifty day moving average of $75.16 and a 200 day moving average of $67.38. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50. The firm has a market capitalization of $105.29 billion, a P/E ratio of 33.01, a PEG ratio of 2.57 and a beta of 1.24.

NIKE (NYSE:NKE - Get Free Report) last released its earnings results on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The company had revenue of $11.10 billion for the quarter, compared to analysts' expectations of $10.69 billion. During the same quarter last year, the business earned $0.99 EPS. The firm's revenue was down 11.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

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

Insider Buying and Selling

In other news, Chairman Mark G. Parker sold 110,000 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the transaction, the chairman owned 842,361 shares of the company's stock, valued at approximately $60,894,276.69. This represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.80% of the company's stock.

Analyst Upgrades and Downgrades

NKE has been the topic of several analyst reports. UBS Group set a $71.00 price target on shares of NIKE and gave the stock a "neutral" rating in a research report on Friday. Truist Financial decreased their price objective on NIKE from $82.00 to $73.00 and set a "buy" rating for the company in a report on Tuesday, June 24th. Zacks Research raised shares of NIKE from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 26th. Robert W. Baird lifted 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. Finally, 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. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $79.04.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.