Groupe la Francaise Has $295,000 Stock Holdings in NIKE, Inc. $NKE

Groupe la Francaise decreased its position in NIKE, Inc. (NYSE:NKE) by 96.0% during the 1st quarter, HoldingsChannel reports. The fund owned 5,581 shares of the footwear maker’s stock after selling 132,469 shares during the quarter. Groupe la Francaise’s holdings in NIKE were worth $295,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Main Street Financial Solutions LLC boosted its stake in shares of NIKE by 4.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker’s stock worth $244,000 after buying an additional 139 shares during the last quarter. Diligent Investors LLC grew its stake in NIKE by 4.3% in the fourth quarter. Diligent Investors LLC now owns 3,719 shares of the footwear maker’s stock valued at $237,000 after purchasing an additional 153 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of NIKE by 4.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,978 shares of the footwear maker’s stock worth $253,000 after purchasing an additional 163 shares during the last quarter. Lakeshore Capital Group Inc. increased its position in shares of NIKE by 2.9% during the 4th quarter. Lakeshore Capital Group Inc. now owns 5,868 shares of the footwear maker’s stock worth $374,000 after purchasing an additional 165 shares during the last quarter. Finally, ANB Bank raised its stake in shares of NIKE by 0.7% during the 4th quarter. ANB Bank now owns 25,451 shares of the footwear maker’s stock worth $1,621,000 after purchasing an additional 165 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling at NIKE

In other news, EVP Philip Mccartney sold 17,398 shares of NIKE stock in a transaction on Friday, June 12th. The stock was sold at an average price of $46.18, for a total transaction of $803,439.64. Following the completion of the sale, the executive vice president owned 53,133 shares of the company’s stock, valued at approximately $2,453,681.94. This trade represents a 24.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.10% of the company’s stock.

NIKE Trading Down 1.0%

Shares of NKE stock opened at $41.86 on Friday. The firm has a 50 day moving average price of $43.56 and a two-hundred day moving average price of $50.36. The company has a quick ratio of 1.36, a current ratio of 1.96 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $62.10 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 1.85 and a beta of 1.12. NIKE, Inc. has a 12-month low of $40.00 and a 12-month high of $80.17.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. NIKE had a return on equity of 16.54% and a net margin of 6.70%.The company had revenue of $10.97 billion during the quarter, compared to analysts’ expectations of $10.85 billion. During the same quarter in the previous year, the company posted $0.14 earnings per share. The business’s revenue was down 1.1% on a year-over-year basis. As a group, analysts predict that NIKE, Inc. will post 1.74 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st were given a dividend of $0.41 per share. The ex-dividend date was Monday, June 1st. This represents a $1.64 annualized dividend and a yield of 3.9%. NIKE’s dividend payout ratio (DPR) is presently 78.47%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NKE. JPMorgan Chase & Co. decreased their target price on shares of NIKE from $52.00 to $47.00 and set a “neutral” rating for the company in a research note on Monday, June 29th. Wall Street Zen upgraded shares of NIKE from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. China Renaissance decreased their price objective on shares of NIKE from $50.30 to $47.30 and set a “hold” rating for the company in a research report on Thursday, July 2nd. Argus upgraded shares of NIKE to a “strong-buy” rating in a research note on Wednesday, July 15th. Finally, Needham & Company LLC restated a “hold” rating on shares of NIKE in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nineteen have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $53.74.

NIKE Company Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).