Wealth Alliance LLC Has $617,000 Stock Holdings in NIKE, Inc. $NKE

Wealth Alliance LLC grew its holdings in NIKE, Inc. (NYSE:NKE) by 22.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,689 shares of the footwear maker’s stock after acquiring an additional 1,579 shares during the quarter. Wealth Alliance LLC’s holdings in NIKE were worth $617,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of NKE. Mitchell Mcleod Pugh & Williams Inc. raised its position in NIKE by 1.0% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 14,176 shares of the footwear maker’s stock worth $1,007,000 after purchasing an additional 134 shares during the last quarter. Caldwell Sutter Capital Inc. increased its holdings in shares of NIKE by 6.3% in the second quarter. Caldwell Sutter Capital Inc. now owns 2,390 shares of the footwear maker’s stock worth $170,000 after acquiring an additional 142 shares in the last quarter. Salomon & Ludwin LLC raised its holdings in NIKE by 10.1% during the 2nd quarter. Salomon & Ludwin LLC now owns 1,575 shares of the footwear maker’s stock worth $120,000 after buying an additional 145 shares during the period. Westmount Partners LLC raised its holdings in shares of NIKE by 2.9% during the second quarter. Westmount Partners LLC now owns 5,165 shares of the footwear maker’s stock worth $367,000 after acquiring an additional 146 shares during the period. Finally, HB Wealth Management LLC grew its holdings in shares of NIKE by 0.3% during the second quarter. HB Wealth Management LLC now owns 52,012 shares of the footwear maker’s stock worth $3,695,000 after buying an additional 147 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NIKE

In other NIKE news, EVP Treasure Heinle sold 4,300 shares of the business’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 owned 29,396 shares in the company, valued at $2,095,052.92. The trade was a 12.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jorgen Vig Knudstorp acquired 16,150 shares of NIKE stock in a transaction dated Friday, November 7th. The stock was purchased at an average price of $62.09 per share, for a total transaction of $1,002,753.50. Following the completion of the acquisition, the director directly owned 21,388 shares in the company, valued at approximately $1,327,980.92. This represents a 308.32% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on NKE shares. Barclays set a $70.00 price objective on NIKE and gave the company a “positive” rating in a report on Wednesday, October 1st. Piper Sandler set a $84.00 target price on NIKE and gave the stock an “overweight” rating in a research note on Wednesday, October 1st. Jefferies Financial Group reiterated a “buy” rating and issued a $115.00 price objective on shares of NIKE in a research note on Monday, September 29th. Truist Financial reissued a “buy” rating and set a $85.00 target price on shares of NIKE in a report on Wednesday, October 1st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $78.00 price objective on shares of NIKE in a research note on Wednesday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $82.72.

NIKE Stock Up 1.6%

Shares of NYSE:NKE traded up $1.01 on Thursday, hitting $65.21. 2,968,556 shares of the company traded hands, compared to its average volume of 16,079,373. The company has a market cap of $96.39 billion, a PE ratio of 33.40, a PEG ratio of 2.41 and a beta of 1.29. The stock has a 50 day simple moving average of $68.88 and a 200-day simple moving average of $68.62. NIKE, Inc. has a 52 week low of $52.28 and a 52 week 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.

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

About NIKE

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.