NIKE, Inc. (NYSE:NKE) Holdings Lifted by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in NIKE, Inc. (NYSE:NKE) by 18.7% in the first quarter, HoldingsChannel reports. The fund owned 1,663,115 shares of the footwear maker’s stock after purchasing an additional 261,491 shares during the quarter. NIKE makes up 0.9% of BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings, making the stock its 18th largest holding. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in NIKE were worth $221,012,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. FMR LLC lifted its stake in shares of NIKE by 1.5% in the 4th quarter. FMR LLC now owns 31,113,666 shares of the footwear maker’s stock worth $4,401,651,000 after acquiring an additional 454,108 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of NIKE by 18.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,300,888 shares of the footwear maker’s stock worth $4,142,170,000 after acquiring an additional 4,468,961 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of NIKE by 1.5% in the 4th quarter. Bank of New York Mellon Corp now owns 26,524,389 shares of the footwear maker’s stock worth $3,752,404,000 after acquiring an additional 388,550 shares during the period. Jennison Associates LLC lifted its stake in NIKE by 30.8% during the fourth quarter. Jennison Associates LLC now owns 20,446,063 shares of the footwear maker’s stock valued at $2,892,505,000 after purchasing an additional 4,812,150 shares during the last quarter. Finally, Morgan Stanley lifted its stake in NIKE by 31.3% during the fourth quarter. Morgan Stanley now owns 19,496,387 shares of the footwear maker’s stock valued at $2,758,153,000 after purchasing an additional 4,643,842 shares during the last quarter. 64.20% of the stock is owned by institutional investors.

In other news, CAO Hilary K. Krane sold 15,000 shares of NIKE stock in a transaction that occurred on Wednesday, April 14th. The shares were sold at an average price of $133.54, for a total transaction of $2,003,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Mark G. Parker sold 114,094 shares of NIKE stock in a transaction that occurred on Friday, March 26th. The stock was sold at an average price of $130.67, for a total transaction of $14,908,662.98. Following the sale, the chairman now owns 1,537,729 shares of the company’s stock, valued at approximately $200,935,048.43. The disclosure for this sale can be found here. Insiders sold a total of 132,482 shares of company stock valued at $17,342,141 in the last 90 days. Corporate insiders own 3.80% of the company’s stock.

NKE traded up $0.14 during midday trading on Monday, hitting $136.07. The company had a trading volume of 52,133 shares, compared to its average volume of 6,371,119. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.97 and a current ratio of 2.66. The company has a market capitalization of $214.99 billion, a PE ratio of 77.37, a P/E/G ratio of 2.51 and a beta of 0.83. NIKE, Inc. has a twelve month low of $89.88 and a twelve month high of $147.95. The firm’s 50-day simple moving average is $133.28 and its 200-day simple moving average is $136.22.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Wednesday, March 17th. The footwear maker reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.15. The firm had revenue of $10.40 billion during the quarter, compared to analysts’ expectations of $10.98 billion. NIKE had a net margin of 7.39% and a return on equity of 34.89%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 EPS. As a group, sell-side analysts anticipate that NIKE, Inc. will post 2.96 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 1st. Shareholders of record on Tuesday, June 1st will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 0.81%. The ex-dividend date is Friday, May 28th. NIKE’s payout ratio is presently 59.46%.

Several research firms recently commented on NKE. KeyCorp increased their target price on shares of NIKE from $174.00 to $180.00 and gave the company an “overweight” rating in a research note on Monday, January 25th. Piper Sandler increased their target price on shares of NIKE from $168.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, March 22nd. Credit Suisse Group boosted their price target on shares of NIKE from $162.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday, March 25th. UBS Group cut their price target on shares of NIKE from $183.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, April 28th. Finally, Cowen boosted their price target on shares of NIKE from $170.00 to $173.00 and gave the company an “outperform” rating in a report on Tuesday, March 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $161.29.

NIKE Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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