Natixis Advisors L.P. Has $82.76 Million Holdings in NIKE, Inc. (NYSE:NKE)

Natixis Advisors L.P. grew its holdings in shares of NIKE, Inc. (NYSE:NKE) by 47.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 762,261 shares of the footwear maker’s stock after purchasing an additional 246,243 shares during the period. Natixis Advisors L.P. owned about 0.05% of NIKE worth $82,758,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in NKE. Raymond James Financial Services Advisors Inc. boosted its position in shares of NIKE by 6.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 525,017 shares of the footwear maker’s stock worth $50,202,000 after acquiring an additional 33,458 shares in the last quarter. Simon Quick Advisors LLC acquired a new stake in shares of NIKE during the 3rd quarter worth approximately $227,000. Stratos Wealth Partners LTD. boosted its position in shares of NIKE by 7.0% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 35,394 shares of the footwear maker’s stock worth $3,384,000 after acquiring an additional 2,330 shares in the last quarter. Stratos Wealth Advisors LLC boosted its position in shares of NIKE by 18.5% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 12,478 shares of the footwear maker’s stock worth $1,193,000 after acquiring an additional 1,946 shares in the last quarter. Finally, Stonegate Investment Group LLC boosted its position in NIKE by 6.9% in the third quarter. Stonegate Investment Group LLC now owns 12,008 shares of the footwear maker’s stock valued at $1,148,000 after buying an additional 778 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Down 0.3 %

Shares of NYSE NKE traded down $0.26 during mid-day trading on Friday, reaching $92.15. 5,736,030 shares of the company’s stock traded hands, compared to its average volume of 9,280,863. The stock has a market cap of $139.09 billion, a P/E ratio of 27.10, a PEG ratio of 1.74 and a beta of 1.07. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. NIKE, Inc. has a 1-year low of $88.66 and a 1-year high of $127.69. The business has a 50-day simple moving average of $96.00 and a 200 day simple moving average of $103.11.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The company had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. On average, analysts expect that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.48 annualized dividend and a dividend yield of 1.61%. NIKE’s dividend payout ratio is currently 43.53%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. TheStreet lowered shares of NIKE from a “b” rating to a “c+” rating in a research report on Tuesday, January 9th. Morgan Stanley cut their target price on shares of NIKE from $124.00 to $116.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 27th. Piper Sandler dropped their price target on shares of NIKE from $107.00 to $98.00 and set a “neutral” rating for the company in a research note on Friday, March 22nd. Wells Fargo & Company dropped their price target on shares of NIKE from $125.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Finally, Jefferies Financial Group dropped their price target on shares of NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $116.26.

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.