Natixis Advisors LLC Has $113.75 Million Holdings in NIKE, Inc. $NKE

Natixis Advisors LLC lifted its holdings in NIKE, Inc. (NYSE:NKE) by 23.1% in the 4th quarter, Holdings Channel reports. The firm owned 1,785,365 shares of the footwear maker’s stock after buying an additional 334,690 shares during the quarter. Natixis Advisors LLC’s holdings in NIKE were worth $113,746,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of NIKE by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 116,993,541 shares of the footwear maker’s stock valued at $7,453,658,000 after purchasing an additional 1,702,342 shares during the last quarter. Capital World Investors lifted its position in NIKE by 0.7% during the 3rd quarter. Capital World Investors now owns 42,239,013 shares of the footwear maker’s stock worth $2,945,326,000 after acquiring an additional 286,615 shares during the last quarter. Geode Capital Management LLC lifted its position in NIKE by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 26,442,879 shares of the footwear maker’s stock worth $1,677,251,000 after acquiring an additional 233,925 shares during the last quarter. Norges Bank acquired a new position in NIKE during the 4th quarter worth $829,956,000. Finally, Flossbach Von Storch SE lifted its position in NIKE by 29.3% during the 4th quarter. Flossbach Von Storch SE now owns 12,753,317 shares of the footwear maker’s stock worth $812,514,000 after acquiring an additional 2,886,856 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Sanford C. Bernstein reissued a “buy” rating on shares of NIKE in a research report on Monday, May 11th. BNP Paribas Exane cut their target price on shares of NIKE from $35.00 to $23.00 and set an “underperform” rating for the company in a research report on Wednesday, April 1st. Stifel Nicolaus cut their target price on shares of NIKE from $65.00 to $56.00 and set a “hold” rating for the company in a research report on Wednesday, April 1st. China Renaissance cut their target price on shares of NIKE from $74.60 to $50.30 and set a “hold” rating for the company in a research report on Thursday, April 2nd. Finally, Piper Sandler reissued a “neutral” rating and set a $50.00 target price (down from $60.00) on shares of NIKE in a research report on Friday, April 10th. Sixteen research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $62.04.

NIKE Stock Down 4.8%

Shares of NKE opened at $43.72 on Wednesday. The company has a 50-day simple moving average of $45.60 and a 200-day simple moving average of $56.61. The firm has a market capitalization of $64.75 billion, a P/E ratio of 28.96, a P/E/G ratio of 1.96 and a beta of 1.12. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 2.14. NIKE, Inc. has a 52 week low of $41.35 and a 52 week high of $80.17.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. The business had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.23 billion. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. On average, equities research analysts expect that NIKE, Inc. will post 1.51 earnings per share for the current year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.8%. NIKE’s dividend payout ratio is currently 108.61%.

Insider Activity at NIKE

In related news, CEO Elliott Hill acquired 23,660 shares of the business’s stock in a transaction dated Monday, April 13th. The stock was acquired at an average price of $42.27 per share, with a total value of $1,000,108.20. Following the completion of the transaction, the chief executive officer owned 265,247 shares of the company’s stock, valued at approximately $11,211,990.69. This represents a 9.79% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert Holmes Swan acquired 11,781 shares of the business’s stock in a transaction dated Tuesday, April 7th. The shares were bought at an average cost of $42.44 per share, with a total value of $499,985.64. Following the transaction, the director directly owned 55,074 shares of the company’s stock, valued at $2,337,340.56. The trade was a 27.21% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 64,441 shares of company stock worth $2,734,204 over the last ninety days. Corporate insiders own 0.80% of the company’s stock.

NIKE Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).