NIKE, Inc. (NYSE:NKE) Shares Bought by JNBA Financial Advisors

JNBA Financial Advisors increased its stake in shares of NIKE, Inc. (NYSE:NKE) by 288.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,914 shares of the footwear maker’s stock after buying an additional 7,364 shares during the quarter. JNBA Financial Advisors’ holdings in NIKE were worth $876,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC grew its holdings in shares of NIKE by 97.6% in the 1st quarter. Transcendent Capital Group LLC now owns 405 shares of the footwear maker’s stock worth $38,000 after acquiring an additional 200 shares during the period. VitalStone Financial LLC grew its holdings in NIKE by 52.6% in the third quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock valued at $38,000 after purchasing an additional 150 shares during the last quarter. Bruce G. Allen Investments LLC increased its position in shares of NIKE by 272.5% in the second quarter. Bruce G. Allen Investments LLC now owns 514 shares of the footwear maker’s stock valued at $39,000 after buying an additional 376 shares in the last quarter. Triad Wealth Partners LLC acquired a new position in shares of NIKE during the 2nd quarter worth $44,000. Finally, Riverview Trust Co purchased a new stake in shares of NIKE in the 3rd quarter worth about $52,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Buying and Selling

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

NIKE Stock Down 3.2 %

Shares of NYSE NKE traded down $2.47 during midday trading on Wednesday, reaching $75.51. 4,595,252 shares of the company’s stock were exchanged, compared to its average volume of 11,500,905. The stock has a market capitalization of $113.22 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 1.90 and a beta of 1.03. NIKE, Inc. has a 52-week low of $70.75 and a 52-week high of $123.39. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 2.36. The business’s fifty day moving average price is $81.83 and its two-hundred day moving average price is $84.13.

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

Analyst Ratings Changes

Several research firms have weighed in on NKE. Barclays dropped their target price on shares of NIKE from $84.00 to $81.00 and set an “equal weight” rating for the company in a report on Wednesday, October 2nd. Robert W. Baird lifted their price objective on NIKE from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. lowered their target price on NIKE from $80.00 to $77.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. UBS Group upped their price objective on NIKE from $78.00 to $82.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on NIKE from $95.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, October 2nd. Fourteen investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.