Woodmont Investment Counsel LLC Has $2.46 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

Woodmont Investment Counsel LLC reduced its position in NIKE, Inc. (NYSE:NKE) by 7.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,827 shares of the footwear maker’s stock after selling 2,299 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in NIKE were worth $2,460,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Longview Partners Guernsey LTD acquired a new position in NIKE during the 1st quarter valued at about $533,533,000. Capital World Investors lifted its position in shares of NIKE by 612.2% during the first quarter. Capital World Investors now owns 5,185,432 shares of the footwear maker’s stock valued at $487,327,000 after purchasing an additional 4,457,376 shares in the last quarter. PineStone Asset Management Inc. lifted its position in shares of NIKE by 138.3% during the second quarter. PineStone Asset Management Inc. now owns 2,715,689 shares of the footwear maker’s stock valued at $204,681,000 after purchasing an additional 1,576,049 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in NIKE by 351.7% during the second quarter. Renaissance Technologies LLC now owns 1,991,519 shares of the footwear maker’s stock worth $150,101,000 after purchasing an additional 1,550,611 shares during the last quarter. Finally, Swedbank AB bought a new stake in NIKE in the 1st quarter worth about $93,357,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on NKE shares. Robert W. Baird lifted their price target on NIKE from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Deutsche Bank Aktiengesellschaft dropped their target price on NIKE from $95.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, October 2nd. Stifel Nicolaus cut their price target on shares of NIKE from $88.00 to $79.00 and set a “hold” rating for the company in a report on Monday, August 26th. Telsey Advisory Group cut their price objective on NIKE from $100.00 to $96.00 and set an “outperform” rating for the company in a report on Wednesday, October 2nd. Finally, Bank of America reduced their target price on NIKE from $104.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, October 2nd. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $96.56.

NIKE Stock Performance

NKE opened at $75.29 on Thursday. The firm’s fifty day simple moving average is $81.68 and its two-hundred day simple moving average is $84.07. NIKE, Inc. has a 52-week low of $70.75 and a 52-week high of $123.39. The company has a market cap of $112.89 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 1.88 and a beta of 1.03. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Tuesday, October 1st. The footwear maker reported $0.70 EPS for the quarter, topping the consensus estimate of $0.52 by $0.18. The company had revenue of $11.59 billion during the quarter, compared to analyst estimates of $11.64 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. NIKE’s quarterly revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.94 EPS. Equities analysts anticipate that NIKE, Inc. will post 2.74 earnings per share for the current fiscal year.

Insider Buying and Selling at NIKE

In other NIKE news, Chairman Mark G. Parker sold 52,487 shares of the stock in a transaction dated 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 owns 1,031,226 shares in the company, valued at approximately $80,435,628. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by insiders.

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.