Becker Capital Management Inc. reduced its stake in shares of Nike Inc (NYSE:NKE) by 12.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,101 shares of the footwear maker’s stock after selling 2,075 shares during the quarter. Becker Capital Management Inc.’s holdings in Nike were worth $1,279,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Nike during the 2nd quarter valued at about $104,000. BDO Wealth Advisors LLC raised its holdings in shares of Nike by 1,044.3% during the 2nd quarter. BDO Wealth Advisors LLC now owns 1,396 shares of the footwear maker’s stock valued at $111,000 after buying an additional 1,274 shares during the period. Polaris Greystone Financial Group LLC purchased a new stake in shares of Nike during the 3rd quarter valued at about $119,000. CSat Investment Advisory L.P. purchased a new stake in shares of Nike during the 2nd quarter valued at about $119,000. Finally, Global Trust Asset Management LLC raised its holdings in shares of Nike by 1,253.8% during the 3rd quarter. Global Trust Asset Management LLC now owns 1,760 shares of the footwear maker’s stock valued at $149,000 after buying an additional 1,630 shares during the period. Institutional investors and hedge funds own 64.35% of the company’s stock.
Several equities research analysts recently commented on the company. HSBC reiterated a “neutral” rating and set a $92.00 target price on shares of Nike in a report on Wednesday, October 3rd. Morgan Stanley set a $88.00 target price on Nike and gave the company a “buy” rating in a report on Wednesday, September 19th. Daiwa Capital Markets set a $85.00 target price on Nike and gave the company a “hold” rating in a report on Monday, October 1st. Bank of America raised their price objective on Nike from $50.00 to $55.00 and gave the company an “underperform” rating in a research note on Wednesday, September 26th. Finally, Goldman Sachs Group set a $81.00 price objective on Nike and gave the company a “buy” rating in a research note on Thursday, September 20th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $85.63.
Nike (NYSE:NKE) last issued its earnings results on Tuesday, September 25th. The footwear maker reported $0.67 EPS for the quarter, topping the consensus estimate of $0.63 by $0.04. The company had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.92 billion. Nike had a return on equity of 40.69% and a net margin of 5.57%. The business’s revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 EPS. Equities analysts expect that Nike Inc will post 2.62 earnings per share for the current year.
In other news, Director Johnathan A. Rodgers sold 16,000 shares of Nike stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $85.05, for a total value of $1,360,800.00. Following the completion of the transaction, the director now owns 26,963 shares in the company, valued at approximately $2,293,203.15. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Monique S. Matheson sold 17,000 shares of Nike stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $83.15, for a total value of $1,413,550.00. Following the completion of the transaction, the executive vice president now owns 104,737 shares of the company’s stock, valued at approximately $8,708,881.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,000 shares of company stock valued at $4,219,350. Insiders own 3.90% of the company’s stock.
Nike Company Profile
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.
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