Groupama Asset Managment Decreases Stock Position in NIKE, Inc. $NKE

Key Points

• Groupama Asset Managment reduced its stock position in NIKE, Inc. by 66.5% in the first quarter, now holding 20,076 shares valued at approximately $1.27 million.
• Several institutional investors have increased their holdings in NIKE, with Capitolis Liquid Global Markets LLC raising its position by 40.9% and Janus Henderson Group PLC lifting its shares by 8.3% during the same period.
• NIKE announced a quarterly dividend of $0.40 per share, with a payout ratio of 74.07%, yielding an annualized rate of 2.1% for shareholders of record as of September 2nd.

Groupama Asset Managment lessened its position in NIKE, Inc. (NYSE:NKE - Free Report) by 66.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,076 shares of the footwear maker's stock after selling 39,864 shares during the quarter. Groupama Asset Managment's holdings in NIKE were worth $1,271,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Spire Wealth Management lifted its position in shares of NIKE by 4.4% in the first 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. Capitolis Liquid Global Markets LLC lifted its position in shares of NIKE by 40.9% in the fourth quarter. Capitolis Liquid Global Markets LLC now owns 310,000 shares of the footwear maker's stock valued at $23,458,000 after acquiring an additional 90,000 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of 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 in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its position 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 acquiring an additional 5,601 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp lifted its position in shares of NIKE by 20.2% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 52,370 shares of the footwear maker's stock valued at $3,963,000 after acquiring an additional 8,792 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company's stock.

NIKE Price Performance

NKE stock opened at $76.1760 on Thursday. The business has a fifty day moving average of $71.88 and a two-hundred day moving average of $67.69. 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 stock has a market cap of $112.50 billion, a price-to-earnings ratio of 35.27, a price-to-earnings-growth ratio of 2.79 and a beta of 1.27. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $90.62.

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

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.60 annualized dividend and a yield of 2.1%. NIKE's dividend payout ratio (DPR) is 74.07%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NKE shares. Telsey Advisory Group restated a "market perform" rating and issued a $70.00 target price on shares of NIKE in a research report on Friday, June 27th. Barclays raised their target price on NIKE from $53.00 to $64.00 and gave the company an "equal weight" rating in a research report on Friday, June 27th. The Goldman Sachs Group lifted their price objective on NIKE from $72.00 to $81.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Argus upgraded NIKE to a "buy" rating in a research report on Sunday, July 6th. Finally, DZ Bank downgraded NIKE from a "buy" rating to a "hold" rating and set a $76.00 price objective on the stock. in a research report on Thursday, July 10th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $78.22.

Insider Transactions at NIKE

In other NIKE news, Chairman Mark G. Parker sold 86,078 shares of the firm's stock in a transaction on 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 sale, the chairman owned 744,988 shares of the company's stock, valued at $56,566,938.84. This trade represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.80% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NIKE, Inc. (NYSE:NKE - Free Report).

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.