NIKE, Inc. (NYSE:NKE) Stake Lessened by Fiera Capital Corp

Fiera Capital Corp decreased its position in shares of NIKE, Inc. (NYSE:NKE) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,122,874 shares of the footwear maker’s stock after selling 52,533 shares during the period. Fiera Capital Corp’s holdings in NIKE were worth $84,968,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NKE. Van ECK Associates Corp raised its position in NIKE by 12.7% in the fourth quarter. Van ECK Associates Corp now owns 5,503,841 shares of the footwear maker’s stock worth $416,475,000 after acquiring an additional 618,169 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in NIKE by 26.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 410,249 shares of the footwear maker’s stock valued at $30,262,000 after buying an additional 86,256 shares during the period. Avidian Wealth Enterprises LLC increased its holdings in shares of NIKE by 40.5% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,537 shares of the footwear maker’s stock valued at $797,000 after purchasing an additional 3,036 shares during the period. Kentucky Trust Co purchased a new stake in NIKE in the 4th quarter worth approximately $72,000. Finally, Certuity LLC raised its holdings in shares of NIKE by 47.8% during the fourth quarter. Certuity LLC now owns 12,877 shares of the footwear maker’s stock worth $974,000 after acquiring an additional 4,165 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NIKE

In related news, Director John W. Rogers, Jr. acquired 2,500 shares of the company’s stock in a transaction dated Friday, December 27th. The stock was purchased at an average price of $76.65 per share, with a total value of $191,625.00. Following the completion of the purchase, the director now owns 34,403 shares in the company, valued at $2,636,989.95. This trade represents a 7.84 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

NIKE Price Performance

NIKE stock opened at $72.31 on Thursday. The business’s 50 day simple moving average is $74.80 and its 200 day simple moving average is $78.08. NIKE, Inc. has a 12 month low of $68.62 and a 12 month high of $107.34. The company has a market cap of $106.96 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 2.34 and a beta of 1.01. 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 announced its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. The firm had revenue of $12.35 billion for the quarter, compared to the consensus estimate of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 earnings per share. Sell-side analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

Wall Street Analyst Weigh In

NKE has been the subject of several analyst reports. Stifel Nicolaus reduced their price objective on shares of NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, December 20th. Citigroup lowered shares of NIKE from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $102.00 to $72.00 in a research report on Friday, February 7th. Needham & Company LLC restated a “buy” rating and issued a $84.00 target price on shares of NIKE in a research note on Friday, February 7th. BMO Capital Markets raised their price target on shares of NIKE from $92.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Finally, Morgan Stanley reduced their target price on shares of NIKE from $80.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Fifteen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.62.

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.