Zurcher Kantonalbank Zurich Cantonalbank Sells 43,645 Shares of NIKE, Inc. (NYSE:NKE)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in NIKE, Inc. (NYSE:NKE) by 8.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 480,903 shares of the footwear maker’s stock after selling 43,645 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in NIKE were worth $52,212,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Morgan Stanley raised its holdings in NIKE by 26.4% during the 4th quarter. Morgan Stanley now owns 30,720,119 shares of the footwear maker’s stock valued at $3,594,561,000 after acquiring an additional 6,410,744 shares during the period. Alliancebernstein L.P. grew its position in shares of NIKE by 7.2% during the 2nd quarter. Alliancebernstein L.P. now owns 22,371,886 shares of the footwear maker’s stock valued at $2,469,185,000 after purchasing an additional 1,493,704 shares in the last quarter. FMR LLC grew its position in shares of NIKE by 0.7% during the 3rd quarter. FMR LLC now owns 18,502,409 shares of the footwear maker’s stock valued at $1,769,200,000 after purchasing an additional 125,746 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of NIKE by 139,649.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,813,307 shares of the footwear maker’s stock valued at $1,967,325,000 after purchasing an additional 16,801,276 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of NIKE by 4.5% during the 3rd quarter. Northern Trust Corp now owns 15,557,676 shares of the footwear maker’s stock valued at $1,487,625,000 after purchasing an additional 674,198 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

Shares of NKE opened at $93.38 on Wednesday. The stock has a market cap of $140.94 billion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 1.80 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. NIKE, Inc. has a fifty-two week low of $88.66 and a fifty-two week high of $128.68. The firm’s 50-day simple moving average is $98.65 and its two-hundred day simple moving average is $103.48.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. The business had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. Analysts anticipate that NIKE, Inc. will post 3.73 earnings per share for the current fiscal year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Friday, March 1st. NIKE’s payout ratio is 43.53%.

Wall Street Analysts Forecast Growth

NKE has been the subject of a number of recent analyst reports. Raymond James boosted their price target on shares of NIKE from $121.00 to $130.00 and gave the company an “outperform” rating in a research report on Tuesday, December 19th. Deutsche Bank Aktiengesellschaft cut their target price on shares of NIKE from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Friday, December 22nd. HSBC cut their target price on shares of NIKE from $120.00 to $115.00 and set a “hold” rating for the company in a research report on Monday, January 22nd. Wedbush reiterated an “outperform” rating and issued a $115.00 target price on shares of NIKE in a research report on Wednesday, March 27th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $100.00 target price (down from $110.00) on shares of NIKE in a research report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, NIKE presently has an average rating of “Moderate Buy” and a consensus target price of $116.26.

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.