NIKE, Inc. (NYSE:NKE) Stock Holdings Increased by WoodTrust Financial Corp

WoodTrust Financial Corp raised its position in shares of NIKE, Inc. (NYSE:NKE) by 19.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 98,289 shares of the footwear maker’s stock after buying an additional 16,303 shares during the quarter. NIKE comprises 1.2% of WoodTrust Financial Corp’s portfolio, making the stock its 24th largest position. WoodTrust Financial Corp’s holdings in NIKE were worth $8,689,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of NKE. Vickerman Investment Advisors Inc. lifted its holdings in NIKE by 4.1% in the third quarter. Vickerman Investment Advisors Inc. now owns 26,347 shares of the footwear maker’s stock worth $2,329,000 after acquiring an additional 1,029 shares during the last quarter. M&G PLC grew its stake in shares of NIKE by 0.9% in the third quarter. M&G PLC now owns 35,768 shares of the footwear maker’s stock worth $3,148,000 after purchasing an additional 305 shares in the last quarter. D.B. Root & Company LLC increased its holdings in shares of NIKE by 9.7% during the third quarter. D.B. Root & Company LLC now owns 16,002 shares of the footwear maker’s stock valued at $1,415,000 after purchasing an additional 1,421 shares during the period. JNBA Financial Advisors raised its stake in shares of NIKE by 288.8% during the third quarter. JNBA Financial Advisors now owns 9,914 shares of the footwear maker’s stock valued at $876,000 after purchasing an additional 7,364 shares in the last quarter. Finally, Smart Portfolios LLC lifted its holdings in NIKE by 5.5% in the third quarter. Smart Portfolios LLC now owns 6,725 shares of the footwear maker’s stock worth $594,000 after purchasing an additional 349 shares during the period. Institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling at NIKE

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

Analysts Set New Price Targets

A number of analysts have commented on the stock. Telsey Advisory Group dropped their price target on shares of NIKE from $100.00 to $96.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. TD Cowen upped their target price on NIKE from $71.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their price target on NIKE from $80.00 to $77.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. Barclays cut their price target 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. Finally, Evercore ISI cut their target price on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Wednesday, October 2nd. Fourteen research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $96.56.

NIKE Price Performance

NYSE NKE opened at $75.29 on Thursday. The stock has a 50-day simple moving average of $81.68 and a 200 day simple moving average of $84.07. NIKE, Inc. has a twelve month low of $70.75 and a twelve month high of $123.39. The stock has a market capitalization of $112.89 billion, a PE ratio of 21.57, a P/E/G ratio of 1.88 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 (NYSE:NKE) last released its earnings results on Tuesday, October 1st. The footwear maker reported $0.70 EPS for the quarter, beating the consensus estimate of $0.52 by $0.18. The firm had revenue of $11.59 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.94 EPS. Research analysts anticipate that NIKE, Inc. will post 2.74 EPS for the current year.

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.