Groupama Asset Managment Sells 90,136 Shares of NIKE, Inc. (NYSE:NKE)

Groupama Asset Managment lowered its position in shares of NIKE, Inc. (NYSE:NKE) by 60.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,940 shares of the footwear maker’s stock after selling 90,136 shares during the quarter. Groupama Asset Managment’s holdings in NIKE were worth $4,475,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC boosted its stake in NIKE by 212.7% in the fourth quarter. Headlands Technologies LLC now owns 30,454 shares of the footwear maker’s stock worth $2,304,000 after purchasing an additional 20,714 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of NIKE by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 25,376,558 shares of the footwear maker’s stock valued at $1,915,110,000 after buying an additional 347,178 shares during the last quarter. Franklin Resources Inc. lifted its position in NIKE by 22.8% during the 4th quarter. Franklin Resources Inc. now owns 7,628,256 shares of the footwear maker’s stock worth $577,230,000 after buying an additional 1,418,839 shares in the last quarter. B. Metzler seel. Sohn & Co. AG grew its holdings in NIKE by 1.4% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 1,662,284 shares of the footwear maker’s stock worth $125,414,000 after acquiring an additional 22,833 shares during the last quarter. Finally, Summit Financial LLC raised its stake in shares of NIKE by 27.8% in the fourth quarter. Summit Financial LLC now owns 13,361 shares of the footwear maker’s stock worth $1,016,000 after acquiring an additional 2,908 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Stock Performance

Shares of NKE opened at $64.78 on Wednesday. The stock has a market capitalization of $95.81 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 2.52 and a beta of 1.02. NIKE, Inc. has a 12 month low of $62.65 and a 12 month high of $98.04. The firm has a fifty day simple moving average of $73.84 and a 200 day simple moving average of $76.72. 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 (NYSE:NKE) last posted its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.26. The company had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 EPS. Research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Monday, March 3rd. NIKE’s dividend payout ratio (DPR) is 53.16%.

Analyst Upgrades and Downgrades

NKE has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft decreased their price target on NIKE from $92.00 to $82.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Stifel Nicolaus lowered their target price on shares of NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a report on Friday, December 20th. Royal Bank of Canada cut their price target on NIKE from $67.00 to $66.00 and set a “sector perform” rating on the stock in a research note on Friday, March 21st. Guggenheim reiterated a “buy” rating and issued a $110.00 price objective on shares of NIKE in a report on Wednesday, February 12th. Finally, Truist Financial cut their target price on NIKE from $90.00 to $82.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Fifteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $87.38.

Insider Transactions at NIKE

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the sale, the chairman now directly owns 896,632 shares of the company’s stock, valued at approximately $65,301,708.56. This represents a 15.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.10% of the company’s stock.

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.