Edmond DE Rothschild Holding S.A. Has $5.47 Million Stock Position in NIKE, Inc. (NYSE:NKE)

Edmond DE Rothschild Holding S.A. lessened its position in shares of NIKE, Inc. (NYSE:NKE) by 50.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 72,314 shares of the footwear maker’s stock after selling 72,572 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in NIKE were worth $5,472,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Public Sector Pension Investment Board boosted its holdings in shares of NIKE by 9.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 51,000 shares of the footwear maker’s stock worth $4,508,000 after buying an additional 4,500 shares in the last quarter. PDT Partners LLC bought a new position in NIKE during the third quarter worth $229,000. Erste Asset Management GmbH acquired a new stake in NIKE in the third quarter worth $1,688,000. Benjamin Edwards Inc. increased its stake in NIKE by 3,520.3% in the third quarter. Benjamin Edwards Inc. now owns 106,146 shares of the footwear maker’s stock valued at $9,383,000 after purchasing an additional 103,214 shares in the last quarter. Finally, Beacon Investment Advisory Services Inc. raised its holdings in shares of NIKE by 74.8% during the third quarter. Beacon Investment Advisory Services Inc. now owns 7,832 shares of the footwear maker’s stock valued at $692,000 after purchasing an additional 3,352 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Up 0.4 %

NKE stock opened at $63.57 on Tuesday. The stock has a fifty day moving average of $74.01 and a 200-day moving average of $76.82. NIKE, Inc. has a fifty-two week low of $62.65 and a fifty-two week high of $98.04. The company has a market capitalization of $94.02 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 2.52 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.26. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same quarter last year, the business earned $0.98 earnings per share. The company’s quarterly revenue was down 9.1% on a year-over-year basis. As a group, equities research analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.52%. NIKE’s dividend payout ratio is 53.16%.

Analyst Ratings Changes

Several analysts have recently commented on NKE shares. Bank of America reduced their target price on NIKE from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Guggenheim reaffirmed a “buy” rating and set a $110.00 target price on shares of NIKE in a research report on Wednesday, February 12th. Morgan Stanley lowered their price objective on shares of NIKE from $72.00 to $70.00 and set an “equal weight” rating on the stock in a report on Friday, March 21st. China Renaissance began coverage on shares of NIKE in a report on Wednesday, March 19th. They set a “hold” rating for the company. Finally, Truist Financial lowered their target price on shares of NIKE from $90.00 to $82.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Fifteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $87.38.

Insider Buying and Selling at NIKE

In other news, Chairman Mark G. Parker sold 169,732 shares of NIKE stock in a transaction on Friday, February 14th. The stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the transaction, the chairman now directly owns 896,632 shares in the company, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% 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.