Natixis Advisors LLC Buys 242,652 Shares of NIKE, Inc. (NYSE:NKE)

Key Points

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Natixis Advisors LLC lifted its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 28.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,091,722 shares of the footwear maker's stock after purchasing an additional 242,652 shares during the period. Natixis Advisors LLC owned 0.07% of NIKE worth $69,302,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NKE. Jennison Associates LLC acquired a new position in shares of NIKE during the 1st quarter worth approximately $509,051,000. Renaissance Technologies LLC increased its holdings in shares of NIKE by 1,302.7% during the 4th quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock worth $196,901,000 after acquiring an additional 2,416,601 shares during the last quarter. Capital World Investors increased its holdings in shares of NIKE by 10.3% during the 4th quarter. Capital World Investors now owns 24,545,937 shares of the footwear maker's stock worth $1,857,389,000 after acquiring an additional 2,288,627 shares during the last quarter. Flossbach Von Storch SE increased its holdings in shares of NIKE by 24.0% during the 1st quarter. Flossbach Von Storch SE now owns 10,286,619 shares of the footwear maker's stock worth $652,995,000 after acquiring an additional 1,988,547 shares during the last quarter. Finally, Toronto Dominion Bank increased its holdings in shares of NIKE by 183.9% during the 4th quarter. Toronto Dominion Bank now owns 2,996,972 shares of the footwear maker's stock worth $226,779,000 after acquiring an additional 1,941,375 shares during the last quarter. Institutional investors own 64.25% of the company's stock.

NIKE Stock Performance

NYSE:NKE opened at $76.74 on Thursday. 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 has a market capitalization of $113.34 billion, a PE ratio of 35.53, a price-to-earnings-growth ratio of 2.88 and a beta of 1.25. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $90.62. The stock's 50-day simple moving average is $67.80 and its 200 day simple moving average is $67.49.

NIKE (NYSE:NKE - Get Free Report) last posted its earnings results on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm 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%. The business's quarterly revenue was down 11.9% on a year-over-year basis. During the same period last year, the company earned $0.99 earnings per share. On average, analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on NKE. The Goldman Sachs Group raised their price objective on shares of NIKE from $72.00 to $81.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Citigroup raised their price objective on shares of NIKE from $57.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, June 27th. Stifel Nicolaus decreased their price objective on NIKE from $75.00 to $64.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Deutsche Bank Aktiengesellschaft decreased their price objective on NIKE from $77.00 to $71.00 and set a "buy" rating on the stock in a report on Friday, June 20th. Finally, Wells Fargo & Company upped their price objective on NIKE from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, NIKE currently has a consensus rating of "Moderate Buy" and an average price target of $78.22.

Insider Buying and Selling

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total value of $7,951,900.00. Following the completion of the transaction, the chairman directly owned 842,361 shares in the company, valued at approximately $60,894,276.69. This trade represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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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