Candriam S.C.A. Has $27.37 Million Holdings in NIKE, Inc. $NKE

Candriam S.C.A. increased its stake in NIKE, Inc. (NYSE:NKE) by 332.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 385,298 shares of the footwear maker’s stock after acquiring an additional 296,194 shares during the quarter. Candriam S.C.A.’s holdings in NIKE were worth $27,373,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stone House Investment Management LLC bought a new stake in NIKE in the first quarter valued at $25,000. Mascoma Wealth Management LLC acquired a new stake in shares of NIKE in the 2nd quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC increased its position in NIKE by 952.6% in the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock valued at $28,000 after buying an additional 362 shares in the last quarter. Saudi Central Bank acquired a new position in NIKE during the 1st quarter worth approximately $30,000. Finally, Matrix Trust Co increased its holdings in shares of NIKE by 53.1% during the second quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock valued at $31,000 after acquiring an additional 153 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NKE shares. DZ Bank upgraded NIKE from a “hold” rating to a “buy” rating in a report on Wednesday, October 1st. Weiss Ratings raised shares of NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. Citigroup raised shares of NIKE from a “neutral” rating to a “positive” rating in a research report on Friday, September 19th. KeyCorp set a $90.00 target price on shares of NIKE and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Finally, The Goldman Sachs Group set a $85.00 price target on NIKE and gave the company a “buy” rating in a research note on Thursday, September 25th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $82.72.

NIKE Stock Up 2.9%

NIKE stock opened at $66.08 on Friday. 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 firm’s 50-day simple moving average is $68.69 and its 200 day simple moving average is $68.61. The stock has a market cap of $97.68 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 2.41 and a beta of 1.29.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, beating the consensus estimate of $0.27 by $0.22. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The firm had revenue of $11.72 billion during the quarter, compared to analyst estimates of $10.96 billion. During the same quarter last year, the business posted $0.70 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Research analysts predict that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, 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 in the company, valued at $2,095,052.92. The trade was a 12.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jorgen Vig Knudstorp purchased 16,150 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average cost of $62.09 per share, for a total transaction of $1,002,753.50. Following the completion of the acquisition, the director directly owned 21,388 shares in the company, valued at $1,327,980.92. The trade was a 308.32% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.80% of the company’s stock.

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.