NIKE, Inc. (NYSE:NKE) Shares Sold by S.A. Mason LLC

S.A. Mason LLC reduced its position in NIKE, Inc. (NYSE:NKE) by 2.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 6,315 shares of the footwear maker’s stock after selling 143 shares during the period. S.A. Mason LLC’s holdings in NIKE were worth $558,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bristlecone Advisors LLC boosted its holdings in shares of NIKE by 14.3% in the third quarter. Bristlecone Advisors LLC now owns 93,521 shares of the footwear maker’s stock valued at $8,267,000 after acquiring an additional 11,665 shares during the period. Farmers & Merchants Investments Inc. grew its position in NIKE by 44.8% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 194,101 shares of the footwear maker’s stock worth $17,159,000 after purchasing an additional 60,008 shares during the last quarter. Lafayette Investments Inc. increased its stake in NIKE by 90.7% in the third quarter. Lafayette Investments Inc. now owns 46,097 shares of the footwear maker’s stock valued at $4,075,000 after purchasing an additional 21,922 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of NIKE by 86.0% in the first quarter. Advisors Asset Management Inc. now owns 20,957 shares of the footwear maker’s stock valued at $1,970,000 after buying an additional 9,689 shares during the last quarter. Finally, FORA Capital LLC purchased a new stake in shares of NIKE in the first quarter valued at about $3,412,000. 64.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NIKE

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

NIKE Stock Performance

NYSE NKE opened at $76.43 on Thursday. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.57. The stock has a market cap of $114.60 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 1.90 and a beta of 1.02. NIKE, Inc. has a fifty-two week low of $70.75 and a fifty-two week high of $123.39. The business has a fifty day moving average of $82.37 and a 200-day moving average of $84.67.

NIKE (NYSE:NKE) last released its earnings results on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.18. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The company had revenue of $11.59 billion for the quarter, compared to analyst estimates of $11.64 billion. During the same period in the prior year, the firm earned $0.94 EPS. The firm’s quarterly revenue was down 10.4% on a year-over-year basis. As a group, analysts predict that NIKE, Inc. will post 2.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NKE shares. JPMorgan Chase & Co. dropped 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. Morgan Stanley upped their price target on NIKE from $79.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Williams Trading upgraded shares of NIKE from a “sell” rating to a “buy” rating and lifted their price objective for the company from $67.00 to $93.00 in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of NIKE from $95.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, October 2nd. Finally, Guggenheim dropped their price target on shares of NIKE from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, October 2nd. Fourteen research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $96.56.

NIKE Company 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.