4,450 Shares in NIKE, Inc. (NYSE:NKE) Purchased by Private Wealth Partners LLC

Private Wealth Partners LLC bought a new position in NIKE, Inc. (NYSE:NKE) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,450 shares of the footwear maker’s stock, valued at approximately $393,000.

Several other large investors have also recently modified their holdings of NKE. Kovack Advisors Inc. increased its stake in shares of NIKE by 24.5% in the first quarter. Kovack Advisors Inc. now owns 2,469 shares of the footwear maker’s stock worth $232,000 after purchasing an additional 486 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of NIKE by 3.6% in the first quarter. Private Advisor Group LLC now owns 62,372 shares of the footwear maker’s stock worth $5,862,000 after purchasing an additional 2,196 shares in the last quarter. Tobam increased its stake in shares of NIKE by 57.3% in the first quarter. Tobam now owns 3,779 shares of the footwear maker’s stock worth $355,000 after purchasing an additional 1,377 shares in the last quarter. Graypoint LLC increased its stake in shares of NIKE by 4.0% in the first quarter. Graypoint LLC now owns 10,148 shares of the footwear maker’s stock worth $954,000 after purchasing an additional 393 shares in the last quarter. Finally, FORA Capital LLC purchased a new position in shares of NIKE in the first quarter worth about $3,412,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Trading Up 1.2 %

Shares of NKE opened at $78.06 on Friday. The firm has a market cap of $117.04 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 1.87 and a beta of 1.03. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 2.36. NIKE, Inc. has a fifty-two week low of $70.75 and a fifty-two week high of $123.39. The firm has a 50 day moving average price of $82.12 and a 200-day moving average price of $84.45.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.18. The firm had revenue of $11.59 billion during the quarter, compared to analyst estimates of $11.64 billion. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The business’s quarterly revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 EPS. As a group, equities research analysts forecast that NIKE, Inc. will post 2.74 earnings per share for the current year.

Insider Buying and Selling

In related news, Chairman Mark G. Parker sold 52,487 shares of NIKE stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total value of $4,093,986.00. Following the transaction, the chairman now directly owns 1,031,226 shares of the company’s stock, valued at $80,435,628. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of NIKE from $86.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. Daiwa America lowered shares of NIKE from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Royal Bank of Canada cut their price objective on shares of NIKE from $85.00 to $82.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 2nd. Barclays cut their price objective on shares of NIKE from $84.00 to $81.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 2nd. Finally, Telsey Advisory Group cut their price objective on shares of NIKE from $100.00 to $96.00 and set an “outperform” rating for the company in a research report on Wednesday, October 2nd. Fourteen analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $96.56.

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.