Financiere des Professionnels Fonds d investissement inc. Cuts Position in NIKE, Inc. (NYSE:NKE)

Financiere des Professionnels Fonds d investissement inc. decreased its holdings in NIKE, Inc. (NYSE:NKE) by 1.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 108,233 shares of the footwear maker’s stock after selling 1,605 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in NIKE were worth $6,871,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new position in shares of NIKE in the fourth quarter valued at $28,000. LFA Lugano Financial Advisors SA increased its position in shares of NIKE by 110.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock valued at $30,000 after buying an additional 210 shares in the last quarter. Hopwood Financial Services Inc. purchased a new position in shares of NIKE in the fourth quarter valued at $30,000. EnRich Financial Partners LLC increased its position in shares of NIKE by 196.4% in the fourth quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker’s stock valued at $31,000 after buying an additional 273 shares in the last quarter. Finally, Roxbury Financial LLC increased its position in shares of NIKE by 52.1% in the first quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker’s stock valued at $37,000 after buying an additional 201 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NKE. HSBC upgraded NIKE from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Friday, June 27th. JPMorgan Chase & Co. raised their price target on NIKE from $56.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, June 27th. Royal Bank Of Canada dropped their price target on NIKE from $66.00 to $65.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 20th. Truist Financial dropped their price target on NIKE from $82.00 to $73.00 and set a “buy” rating for the company in a research report on Tuesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on NIKE from $77.00 to $71.00 and set a “buy” rating for the company in a research report on Friday, June 20th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $77.19.

NIKE Stock Performance

NYSE NKE opened at $76.28 on Friday. The firm has a market capitalization of $112.83 billion, a P/E ratio of 35.31, a P/E/G ratio of 2.77 and a beta of 1.25. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $90.62. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50. The business’s 50-day simple moving average is $62.36 and its 200-day simple moving average is $67.42.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The business had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.69 billion. NIKE had a return on equity of 23.33% and a net margin of 6.95%. The company’s revenue was down 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 EPS. Equities analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Monday, June 2nd. NIKE’s dividend payout ratio is currently 74.07%.

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.