Nvwm LLC Has $1.31 Million Stake in NIKE, Inc. $NKE

Nvwm LLC raised its stake in shares of NIKE, Inc. (NYSE:NKE) by 32.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 18,370 shares of the footwear maker’s stock after acquiring an additional 4,517 shares during the quarter. Nvwm LLC’s holdings in NIKE were worth $1,305,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in NKE. Vanguard Group Inc. raised its stake in shares of NIKE by 4.6% in the first quarter. Vanguard Group Inc. now owns 113,151,080 shares of the footwear maker’s stock valued at $7,182,831,000 after purchasing an additional 4,957,494 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of NIKE by 24.9% during the 1st quarter. Wellington Management Group LLP now owns 45,383,916 shares of the footwear maker’s stock worth $2,880,971,000 after acquiring an additional 9,043,180 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of NIKE by 344.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 26,698,835 shares of the footwear maker’s stock valued at $1,694,842,000 after acquiring an additional 20,688,013 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of NIKE by 3.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,507,250 shares of the footwear maker’s stock valued at $603,445,000 after acquiring an additional 301,497 shares in the last quarter. Finally, Jennison Associates LLC raised its position in NIKE by 3.8% in the second quarter. Jennison Associates LLC now owns 8,319,862 shares of the footwear maker’s stock worth $591,043,000 after purchasing an additional 300,781 shares in the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NKE has been the topic of several analyst reports. Weiss Ratings upgraded NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. Zacks Research upgraded NIKE from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 26th. TD Cowen upgraded NIKE from a “hold” rating to a “buy” rating and increased their price objective for the stock from $62.00 to $85.00 in a research note on Wednesday, September 10th. Cowen upgraded shares of NIKE from a “hold” rating to a “buy” rating in a research note on Wednesday, September 10th. Finally, Stifel Nicolaus set a $68.00 price target on shares of NIKE and gave the company a “hold” rating in a report on Wednesday, October 1st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, NIKE has an average rating of “Moderate Buy” and an average price target of $82.21.

Insider Buying and Selling

In related news, EVP Treasure Heinle sold 4,300 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $71.27, for a total value of $306,461.00. Following the completion of the transaction, the executive vice president directly owned 29,396 shares of the company’s stock, valued at approximately $2,095,052.92. This represents a 12.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Mark G. Parker sold 86,078 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $75.93, for a total value of $6,535,902.54. Following the transaction, the chairman owned 744,988 shares of the company’s stock, valued at approximately $56,566,938.84. This trade represents a 10.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.80% of the company’s stock.

NIKE Stock Performance

Shares of NYSE:NKE opened at $61.89 on Friday. The company has a current ratio of 2.19, a quick ratio of 1.45 and a debt-to-equity ratio of 0.59. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $82.44. The stock has a market capitalization of $91.48 billion, a P/E ratio of 31.74, a P/E/G ratio of 2.41 and a beta of 1.29. The business has a 50-day moving average price of $69.97 and a two-hundred day moving average price of $68.41.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.22. The business had revenue of $11.72 billion for the quarter, compared to analyst estimates of $10.96 billion. NIKE had a net margin of 6.23% and a return on equity of 21.16%. NIKE’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.70 earnings per share. Equities analysts predict that NIKE, Inc. will post 2.05 earnings per share 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.