Machina Capital S.A.S. Has $564,000 Holdings in NIKE, Inc. (NYSE:NKE)

Machina Capital S.A.S. trimmed its position in NIKE, Inc. (NYSE:NKE) by 78.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,192 shares of the footwear maker’s stock after selling 18,543 shares during the quarter. Machina Capital S.A.S.’s holdings in NIKE were worth $564,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Maryland State Retirement & Pension System raised its holdings in shares of NIKE by 1.1% during the 4th quarter. Maryland State Retirement & Pension System now owns 92,580 shares of the footwear maker’s stock worth $10,051,000 after buying an additional 986 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of NIKE by 5.9% in the 4th quarter. Private Advisor Group LLC now owns 60,176 shares of the footwear maker’s stock valued at $6,533,000 after purchasing an additional 3,374 shares in the last quarter. Wealthcare Advisory Partners LLC grew its holdings in shares of NIKE by 6.5% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 15,727 shares of the footwear maker’s stock valued at $1,707,000 after purchasing an additional 958 shares during the last quarter. MeadowBrook Investment Advisors LLC acquired a new position in NIKE during the 4th quarter worth approximately $1,440,000. Finally, Summit Trail Advisors LLC lifted its stake in NIKE by 16.9% in the 4th quarter. Summit Trail Advisors LLC now owns 12,384 shares of the footwear maker’s stock valued at $1,349,000 after purchasing an additional 1,792 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NKE has been the subject of several research analyst reports. HSBC lowered their price target on shares of NIKE from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, January 22nd. Sanford C. Bernstein lowered their target price on NIKE from $134.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Stifel Nicolaus cut their target price on NIKE from $129.00 to $117.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. TheStreet lowered NIKE from a “b” rating to a “c+” rating in a research note on Tuesday, January 9th. Finally, Citigroup decreased their target price on shares of NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, March 14th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $116.26.

NIKE Stock Performance

Shares of NYSE NKE traded up $1.21 during midday trading on Monday, reaching $93.36. The company’s stock had a trading volume of 6,655,736 shares, compared to its average volume of 9,251,164. The firm has a 50 day moving average price of $95.51 and a 200-day moving average price of $102.97. 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 12-month low of $88.66 and a 12-month high of $127.69. The stock has a market capitalization of $140.91 billion, a P/E ratio of 27.46, a PEG ratio of 1.78 and a beta of 1.07.

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

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a $0.37 dividend. The ex-dividend date is Monday, June 3rd. This represents a $1.48 annualized dividend and a yield of 1.59%. NIKE’s payout ratio is 43.53%.

About NIKE

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.