Natixis Advisors LLC Purchases 234,688 Shares of NIKE, Inc. (NYSE:NKE)

Natixis Advisors LLC increased its position in shares of NIKE, Inc. (NYSE:NKE) by 31.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 973,916 shares of the footwear maker’s stock after purchasing an additional 234,688 shares during the quarter. Natixis Advisors LLC owned 0.06% of NIKE worth $73,404,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cim LLC bought a new position in shares of NIKE in the fourth quarter worth about $14,275,000. TKG Advisors LLC bought a new position in shares of NIKE in the fourth quarter worth about $1,012,000. Brown Advisory Inc. lifted its holdings in shares of NIKE by 4.3% in the fourth quarter. Brown Advisory Inc. now owns 4,668,949 shares of the footwear maker’s stock worth $506,908,000 after acquiring an additional 192,752 shares during the last quarter. Missouri Trust & Investment Co lifted its holdings in shares of NIKE by 11.3% in the fourth quarter. Missouri Trust & Investment Co now owns 11,492 shares of the footwear maker’s stock worth $1,248,000 after acquiring an additional 1,167 shares during the last quarter. Finally, Spartan Planning & Wealth Management bought a new position in shares of NIKE in the fourth quarter worth about $182,000. Institutional investors own 64.25% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robert Holmes Swan acquired 2,941 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was purchased at an average price of $77.02 per share, with a total value of $226,515.82. Following the completion of the purchase, the director now owns 20,946 shares in the company, valued at approximately $1,613,260.92. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In other NIKE news, Director Robert Holmes Swan bought 2,941 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was bought at an average price of $77.02 per share, for a total transaction of $226,515.82. Following the completion of the acquisition, the director now directly owns 20,946 shares in the company, valued at $1,613,260.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $72.97, for a total value of $8,026,700.00. Following the completion of the transaction, the chairman now owns 1,102,090 shares of the company’s stock, valued at approximately $80,419,507.30. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

NIKE Trading Up 0.1 %

Shares of NKE opened at $83.32 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.69 and a current ratio of 2.40. The business has a 50-day moving average of $77.91 and a 200 day moving average of $89.37. The firm has a market cap of $124.93 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 2.19 and a beta of 1.01. NIKE, Inc. has a fifty-two week low of $70.75 and a fifty-two week high of $123.39.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, June 27th. The footwear maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.16. The company had revenue of $12.60 billion for the quarter, compared to analysts’ expectations of $12.86 billion. NIKE had a net margin of 11.10% and a return on equity of 42.63%. NIKE’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 earnings per share. As a group, research analysts forecast that NIKE, Inc. will post 3.1 EPS for the current year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Tuesday, September 3rd. NIKE’s dividend payout ratio is currently 39.68%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NKE. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $83.00 target price (down previously from $116.00) on shares of NIKE in a report on Friday, June 28th. Williams Trading raised NIKE from a “sell” rating to a “buy” rating and upped their price objective for the company from $67.00 to $93.00 in a research note on Friday, August 16th. Oppenheimer reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of NIKE in a research note on Friday, June 28th. Barclays downgraded NIKE from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $109.00 to $80.00 in a research note on Friday, June 28th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $78.00 price objective on shares of NIKE in a research note on Friday, June 28th. Fifteen equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, NIKE presently has a consensus rating of “Moderate Buy” and an average target price of $95.59.

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.