NIKE, Inc. (NYSE:NKE) Shares Sold by National Bank of Canada FI

National Bank of Canada FI cut its stake in NIKE, Inc. (NYSE:NKE) by 68.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 986,757 shares of the footwear maker’s stock after selling 2,152,639 shares during the period. National Bank of Canada FI’s holdings in NIKE were worth $105,074,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NKE. Iron Horse Wealth Management LLC increased its position in NIKE by 120.7% during the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 140 shares in the last quarter. Planned Solutions Inc. acquired a new stake in NIKE in the fourth quarter valued at approximately $29,000. Raleigh Capital Management Inc. lifted its position in shares of NIKE by 134.2% during the third quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock worth $36,000 after purchasing an additional 216 shares in the last quarter. Stephens Consulting LLC grew its holdings in NIKE by 160.0% during the 3rd quarter. Stephens Consulting LLC now owns 390 shares of the footwear maker’s stock valued at $37,000 after purchasing an additional 240 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in NIKE in the 3rd quarter worth $37,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Trading Down 0.3 %

Shares of NIKE stock traded down $0.26 on Friday, hitting $92.15. 5,736,711 shares of the company’s stock traded hands, compared to its average volume of 8,740,078. NIKE, Inc. has a one year low of $88.66 and a one year high of $127.69. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. The company has a fifty day moving average of $95.73 and a two-hundred day moving average of $103.04. The company has a market capitalization of $139.09 billion, a price-to-earnings ratio of 27.10, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07.

NIKE (NYSE:NKE) last released its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.29. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The company had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.28 billion. As a group, sell-side analysts expect that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Announces Dividend

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

Analysts Set New Price Targets

NKE has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price target on NIKE from $135.00 to $120.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Oppenheimer cut NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 target price on the stock. in a report on Friday, February 16th. Wells Fargo & Company dropped their price objective on NIKE from $125.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Sanford C. Bernstein reduced their price objective on NIKE from $134.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. Finally, HSBC decreased their price objective on shares of NIKE from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, NIKE has an average rating of “Moderate Buy” and a consensus price target of $116.26.

NIKE Company 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.