Fiera Capital Corp Decreases Stake in NIKE, Inc. (NYSE:NKE)

Fiera Capital Corp lessened its stake in shares of NIKE, Inc. (NYSE:NKE) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,122,874 shares of the footwear maker’s stock after selling 52,533 shares during the period. Fiera Capital Corp owned approximately 0.08% of NIKE worth $84,968,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Teachers Insurance & Annuity Association of America purchased a new stake in shares of NIKE in the 3rd quarter valued at $30,000. Caitlin John LLC lifted its position in NIKE by 117.0% during the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 200 shares during the period. Heck Capital Advisors LLC purchased a new stake in NIKE in the fourth quarter valued at $28,000. Dunhill Financial LLC grew its position in NIKE by 52.2% during the 3rd quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock worth $44,000 after purchasing an additional 169 shares during the period. Finally, Riverview Trust Co purchased a new position in shares of NIKE during the 3rd quarter valued at about $52,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Price Performance

Shares of NYSE NKE opened at $72.31 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. NIKE, Inc. has a 1-year low of $68.62 and a 1-year high of $107.34. The company has a market capitalization 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 business has a 50-day moving average of $74.80 and a 200-day moving average of $78.08.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $12.35 billion for the quarter, compared to the consensus estimate of $12.11 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. On average, equities analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Telsey Advisory Group restated a “market perform” rating and issued a $80.00 price objective on shares of NIKE in a research report on Thursday, February 6th. Royal Bank of Canada decreased their target price on shares of NIKE from $82.00 to $80.00 and set a “sector perform” rating for the company in a research note on Thursday, November 7th. Guggenheim restated a “buy” rating and set a $110.00 price target on shares of NIKE in a research report on Wednesday. DA Davidson upgraded shares of NIKE to a “strong-buy” rating in a research report on Monday, December 23rd. Finally, BMO Capital Markets raised their target price on NIKE from $92.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Fifteen analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, NIKE currently has a consensus rating of “Moderate Buy” and an average price target of $88.62.

Insider Activity at NIKE

In other NIKE news, Director John W. Rogers, Jr. bought 2,500 shares of the stock in a transaction on Friday, December 27th. The stock was purchased at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the purchase, the director now directly owns 34,403 shares in the company, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by corporate insiders.

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.