BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires 126,783 Shares of NIKE, Inc. $NKE

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of NIKE, Inc. (NYSE:NKE) by 11.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,237,260 shares of the footwear maker’s stock after buying an additional 126,783 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in NIKE were worth $87,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Mascoma Wealth Management LLC bought a new position in shares of NIKE in the second quarter worth $26,000. Stone House Investment Management LLC bought a new position in shares of NIKE in the first quarter worth $25,000. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of NIKE by 952.6% in the second quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock worth $28,000 after acquiring an additional 362 shares during the period. Matrix Trust Co boosted its holdings in shares of NIKE by 53.1% in the second quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock worth $31,000 after acquiring an additional 153 shares during the period. Finally, Saudi Central Bank bought a new position in shares of NIKE in the first quarter worth $30,000. 64.25% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Chairman Mark G. Parker sold 86,078 shares of NIKE stock in a transaction on Thursday, August 14th. The shares were 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 directly owned 744,988 shares of the company’s stock, valued at approximately $56,566,938.84. The trade was a 10.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Treasure Heinle sold 4,300 shares of NIKE stock in a transaction on Monday, October 6th. The stock was sold at an average price of $71.27, for a total transaction of $306,461.00. Following the sale, the executive vice president directly owned 29,396 shares of the company’s stock, valued at $2,095,052.92. This represents a 12.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.80% of the company’s stock.

NIKE Stock Performance

NIKE stock opened at $61.18 on Wednesday. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $82.44. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.19. The stock has a market cap of $90.43 billion, a P/E ratio of 31.37, a price-to-earnings-growth ratio of 2.41 and a beta of 1.29. The firm’s fifty day moving average price is $70.61 and its 200-day moving average price is $68.50.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The company had revenue of $11.72 billion during the quarter, compared to the consensus estimate of $10.96 billion. During the same period in the previous year, the firm posted $0.70 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. On average, equities research analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. NIKE’s payout ratio is currently 82.05%.

Wall Street Analysts Forecast Growth

NKE has been the subject of a number of analyst reports. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $90.00 price target on shares of NIKE in a report on Monday, October 13th. BTIG Research initiated coverage on shares of NIKE in a research note on Tuesday, October 14th. They issued a “buy” rating and a $100.00 target price on the stock. Weiss Ratings upgraded shares of NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. Needham & Company LLC reiterated a “buy” rating and issued a $78.00 target price on shares of NIKE in a research note on Wednesday, October 1st. Finally, TD Cowen upgraded shares of NIKE from a “hold” rating to a “buy” rating and increased their target price for the stock from $62.00 to $85.00 in a research note on Wednesday, September 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, NIKE presently has an average rating of “Moderate Buy” and an average price target of $82.21.

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.