Lazard Freres Gestion S.A.S. Has $58.55 Million Holdings in NIKE, Inc. (NYSE:NKE)

Lazard Freres Gestion S.A.S. boosted its stake in shares of NIKE, Inc. (NYSE:NKE) by 3.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 773,797 shares of the footwear maker’s stock after purchasing an additional 26,122 shares during the quarter. NIKE accounts for about 1.2% of Lazard Freres Gestion S.A.S.’s holdings, making the stock its 26th biggest position. Lazard Freres Gestion S.A.S.’s holdings in NIKE were worth $58,553,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wintrust Investments LLC increased its holdings in shares of NIKE by 60.9% in the 4th quarter. Wintrust Investments LLC now owns 523 shares of the footwear maker’s stock valued at $39,000 after purchasing an additional 198 shares during the period. LFA Lugano Financial Advisors SA increased 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 valued at $30,000 after purchasing an additional 210 shares during the period. Tredje AP fonden increased its holdings in shares of NIKE by 27.5% in the 4th quarter. Tredje AP fonden now owns 383,164 shares of the footwear maker’s stock valued at $28,994,000 after purchasing an additional 82,697 shares during the period. Rakuten Securities Inc. increased its holdings in shares of NIKE by 25.4% in the 4th quarter. Rakuten Securities Inc. now owns 7,822 shares of the footwear maker’s stock valued at $592,000 after purchasing an additional 1,582 shares during the period. Finally, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD increased its holdings in shares of NIKE by 91.6% in the 4th quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 182,941 shares of the footwear maker’s stock valued at $13,870,000 after purchasing an additional 87,443 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NKE. Needham & Company LLC reiterated a “buy” rating and issued a $84.00 target price on shares of NIKE in a report on Friday, February 7th. Truist Financial dropped their target price on NIKE from $97.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Citigroup cut NIKE from a “buy” rating to a “neutral” rating and lowered their price target for the company from $102.00 to $72.00 in a research note on Friday, February 7th. Dbs Bank raised NIKE from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Finally, Evercore ISI lowered their price target on NIKE from $105.00 to $97.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Fourteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, NIKE has a consensus rating of “Moderate Buy” and an average target price of $89.77.

Insider Buying and Selling

In other news, Director John W. Rogers, Jr. bought 2,500 shares of NIKE stock in a transaction that occurred on Friday, December 27th. The stock was purchased at an average cost of $76.65 per share, with a total value of $191,625.00. Following the completion of the transaction, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the transaction, the chairman now directly owns 896,632 shares of the company’s stock, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

NIKE Trading Down 0.7 %

Shares of NIKE stock opened at $73.62 on Thursday. The company’s fifty day simple moving average is $74.73 and its 200-day simple moving average is $77.99. The company has a market cap of $108.89 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 2.52 and a beta of 1.02. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 1 year low of $68.62 and a 1 year high of $102.49.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.15. The business had revenue of $12.35 billion for the quarter, compared to the consensus estimate of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. NIKE’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the company posted $1.03 earnings per share. As a group, sell-side analysts expect that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 2.17%. NIKE’s dividend payout ratio (DPR) is currently 49.38%.

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.