Caisse DE Depot ET Placement DU Quebec Sells 400,100 Shares of NIKE, Inc. (NYSE:NKE)

Caisse DE Depot ET Placement DU Quebec lessened its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 65.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 212,813 shares of the footwear maker's stock after selling 400,100 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in NIKE were worth $16,104,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of NKE. Heck Capital Advisors LLC acquired a new position in NIKE in the fourth quarter worth about $28,000. Caitlin John LLC grew its stake in shares of NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after purchasing an additional 200 shares during the period. Roxbury Financial LLC bought a new stake in shares of NIKE in the 4th quarter valued at approximately $30,000. LFA Lugano Financial Advisors SA raised its holdings in shares of NIKE by 110.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after buying an additional 210 shares in the last quarter. Finally, Hopwood Financial Services Inc. acquired a new stake in NIKE in the 4th quarter valued at $30,000. Institutional investors own 64.25% of the company's stock.

Wall Street Analysts Forecast Growth

NKE has been the subject of several recent analyst reports. Royal Bank of Canada dropped their price objective on NIKE from $67.00 to $66.00 and set a "sector perform" rating for the company in a research note on Friday, March 21st. Morgan Stanley dropped their target price on shares of NIKE from $72.00 to $70.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. Wells Fargo & Company lowered shares of NIKE from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $75.00 to $55.00 in a research report on Wednesday, April 30th. China Renaissance began coverage on shares of NIKE in a report on Wednesday, March 19th. They set a "hold" rating for the company. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $80.00 target price on shares of NIKE in a report on Monday, March 17th. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $80.85.

NIKE Trading Down 2.1 %

Shares of NIKE stock traded down $1.22 during trading on Monday, reaching $57.37. 15,959,992 shares of the company were exchanged, compared to its average volume of 14,570,216. The business has a 50-day moving average price of $64.16 and a 200-day moving average price of $71.82. The firm has a market capitalization of $84.86 billion, a price-to-earnings ratio of 17.71, a P/E/G ratio of 2.52 and a beta of 1.15. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $98.04.

NIKE (NYSE:NKE - Get Free Report) last posted its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.26. The company had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company's revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 EPS. Sell-side analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.79%. The ex-dividend date is Monday, June 2nd. NIKE's payout ratio is presently 53.16%.

Insiders Place Their Bets

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the sale, the chairman now directly owns 896,632 shares in the company, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert Holmes Swan purchased 8,600 shares of NIKE stock in a transaction dated Friday, April 4th. The stock was bought at an average price of $58.46 per share, with a total value of $502,756.00. Following the acquisition, the director now directly 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 disclosure for this purchase can be found here. Company insiders own 1.10% of the company's stock.

NIKE 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.