NIKE, Inc. $NKE Position Trimmed by Capitol Family Office Inc.

Capitol Family Office Inc. decreased its holdings in NIKE, Inc. (NYSE:NKE) by 11.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,238 shares of the footwear maker’s stock after selling 4,623 shares during the period. NIKE comprises 3.4% of Capitol Family Office Inc.’s portfolio, making the stock its 6th largest holding. Capitol Family Office Inc.’s holdings in NIKE were worth $2,574,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its stake in NIKE by 388.5% in the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock valued at $15,316,000 after buying an additional 160,980 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of NIKE by 9.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,358,099 shares of the footwear maker’s stock valued at $86,212,000 after acquiring an additional 113,900 shares in the last quarter. TD Private Client Wealth LLC increased its stake in shares of NIKE by 5.4% in the first quarter. TD Private Client Wealth LLC now owns 7,188 shares of the footwear maker’s stock worth $456,000 after acquiring an additional 367 shares during the last quarter. Alps Advisors Inc. increased its stake in shares of NIKE by 1.1% in the first quarter. Alps Advisors Inc. now owns 42,333 shares of the footwear maker’s stock worth $2,687,000 after acquiring an additional 449 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of NIKE by 34.6% during the first quarter. Cerity Partners LLC now owns 490,149 shares of the footwear maker’s stock worth $31,126,000 after acquiring an additional 126,080 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Stock Down 1.4%

Shares of NIKE stock opened at $61.04 on Friday. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $82.44. The company has a quick ratio of 1.45, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The stock has a 50 day moving average price of $69.65 and a two-hundred day moving average price of $68.44. The stock has a market capitalization of $90.22 billion, a P/E ratio of 31.30, a PEG ratio of 2.41 and a beta of 1.29.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22. The business had revenue of $11.72 billion during the quarter, compared to analysts’ expectations of $10.96 billion. NIKE had a net margin of 6.23% and a return on equity of 21.16%. NIKE’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.70 earnings per share. Equities analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NKE. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of NIKE in a research report on Friday, October 10th. Needham & Company LLC reissued a “buy” rating and issued a $78.00 price target on shares of NIKE in a research note on Wednesday, October 1st. Weiss Ratings upgraded NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Citigroup upgraded shares of NIKE from a “neutral” rating to a “positive” rating in a research note on Friday, September 19th. Finally, Zacks Research raised shares of NIKE from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 26th. Three research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.21.

Insiders Place Their Bets

In related news, Chairman Mark G. Parker sold 86,078 shares of the business’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the completion of the transaction, the chairman owned 744,988 shares of the company’s stock, valued at approximately $56,566,938.84. The trade was a 10.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Treasure Heinle sold 4,300 shares of the stock in a transaction that occurred 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 sale, the executive vice president owned 29,396 shares of the company’s stock, valued at approximately $2,095,052.92. The trade was a 12.76% decrease in their position. The SEC filing for this sale provides additional information. 0.80% of the stock is owned by insiders.

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.