Fiera Capital Corp Sells 441,288 Shares of NIKE, Inc. (NYSE:NKE)

Fiera Capital Corp reduced its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 9.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,086,958 shares of the footwear maker's stock after selling 441,288 shares during the period. NIKE comprises 1.4% of Fiera Capital Corp's portfolio, making the stock its 24th biggest position. Fiera Capital Corp owned about 0.27% of NIKE worth $443,721,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Excalibur Management Corp raised its stake in shares of NIKE by 1.9% during the 3rd quarter. Excalibur Management Corp now owns 5,148 shares of the footwear maker's stock worth $492,000 after buying an additional 98 shares in the last quarter. Cairn Investment Group Inc. raised its position in NIKE by 4.2% in the third quarter. Cairn Investment Group Inc. now owns 2,500 shares of the footwear maker's stock worth $239,000 after acquiring an additional 100 shares in the last quarter. Tiemann Investment Advisors LLC lifted its holdings in NIKE by 3.1% in the third quarter. Tiemann Investment Advisors LLC now owns 3,340 shares of the footwear maker's stock valued at $319,000 after acquiring an additional 100 shares during the period. Piscataqua Savings Bank boosted its position in shares of NIKE by 2.1% during the 4th quarter. Piscataqua Savings Bank now owns 4,861 shares of the footwear maker's stock worth $528,000 after purchasing an additional 100 shares in the last quarter. Finally, Physicians Financial Services Inc. grew its stake in shares of NIKE by 0.6% during the 4th quarter. Physicians Financial Services Inc. now owns 16,077 shares of the footwear maker's stock worth $1,745,000 after purchasing an additional 100 shares during the period. 64.25% of the stock is owned by institutional investors.

NIKE Stock Up 0.4 %

Shares of NKE traded up $0.41 during midday trading on Friday, hitting $92.18. The company had a trading volume of 11,934,934 shares, compared to its average volume of 9,283,966. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. NIKE, Inc. has a 52 week low of $88.66 and a 52 week high of $123.39. The company's 50 day moving average price is $94.00 and its 200 day moving average price is $102.37. The stock has a market cap of $139.13 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 1.77 and a beta of 1.07.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The firm had revenue of $12.43 billion for the quarter, compared to analysts' expectations of $12.28 billion. On average, equities research analysts predict that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Monday, June 3rd. NIKE's dividend payout ratio is presently 43.53%.

Wall Street Analysts Forecast Growth

NKE has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price objective on shares of NIKE from $125.00 to $120.00 and set an "overweight" rating on the stock in a report on Friday, March 22nd. Citigroup dropped their price objective on NIKE from $135.00 to $125.00 and set a "buy" rating for the company in a research note on Thursday, March 14th. Barclays lowered their target price on NIKE from $142.00 to $114.00 and set an "overweight" rating on the stock in a report on Monday, March 25th. Evercore ISI decreased their price objective on shares of NIKE from $127.00 to $117.00 and set an "outperform" rating on the stock in a research report on Friday, March 22nd. Finally, Telsey Advisory Group dropped their target price on shares of NIKE from $140.00 to $120.00 and set an "outperform" rating for the company in a report on Monday, March 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, NIKE has an average rating of "Moderate Buy" and an average price target of $116.26.

Insider Buying and Selling at NIKE

In other NIKE news, Chairman Mark G. Parker sold 168,378 shares of the firm's stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total value of $15,682,726.92. Following the transaction, the chairman now owns 1,102,090 shares of the company's stock, valued at $102,648,662.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Monique S. Matheson sold 45,000 shares of NIKE stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total value of $4,237,200.00. Following the sale, the executive vice president now directly owns 44,997 shares in the company, valued at approximately $4,236,917.52. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Mark G. Parker sold 168,378 shares of the business's stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the transaction, the chairman now directly owns 1,102,090 shares of the company's stock, valued at $102,648,662.60. The disclosure for this sale can be found here. Insiders sold a total of 213,660 shares of company stock worth $19,946,333 over the last 90 days. Insiders own 0.50% 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.

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