River Global Investors LLP Has $1.49 Million Stock Position in NIKE, Inc. (NYSE:NKE)

River Global Investors LLP grew its holdings in shares of NIKE, Inc. (NYSE:NKE) by 4.6% during the third quarter, Holdings Channel reports. The firm owned 16,900 shares of the footwear maker’s stock after purchasing an additional 737 shares during the period. River Global Investors LLP’s holdings in NIKE were worth $1,493,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Transcendent Capital Group LLC grew its holdings in NIKE by 97.6% during the first quarter. Transcendent Capital Group LLC now owns 405 shares of the footwear maker’s stock valued at $38,000 after purchasing an additional 200 shares during the last quarter. VitalStone Financial LLC grew its stake in NIKE by 52.6% in the 3rd quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock valued at $38,000 after buying an additional 150 shares during the last quarter. Bruce G. Allen Investments LLC raised its holdings in NIKE by 272.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 514 shares of the footwear maker’s stock worth $39,000 after acquiring an additional 376 shares during the period. Triad Wealth Partners LLC acquired a new position in NIKE during the 2nd quarter worth $44,000. Finally, MFA Wealth Advisors LLC bought a new stake in NIKE during the second quarter valued at about $46,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Activity at NIKE

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

NIKE Price Performance

NKE traded down $0.04 during midday trading on Friday, hitting $75.88. The company had a trading volume of 8,140,788 shares, compared to its average volume of 9,333,267. NIKE, Inc. has a twelve month low of $70.75 and a twelve month high of $123.39. The firm’s 50-day simple moving average is $81.39 and its 200-day simple moving average is $83.81. The company has a market capitalization of $113.77 billion, a PE ratio of 21.74, a P/E/G ratio of 1.83 and a beta of 1.03. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 2.36.

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

Analyst Ratings Changes

Several research firms recently weighed in on NKE. Deutsche Bank Aktiengesellschaft cut their price objective on NIKE from $95.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, October 2nd. TD Cowen upped their price target on NIKE from $71.00 to $78.00 and gave the stock a “hold” rating in a report on Wednesday, October 2nd. Piper Sandler restated a “neutral” rating and issued a $80.00 price objective on shares of NIKE in a research note on Friday, September 20th. Williams Trading upgraded shares of NIKE from a “sell” rating to a “buy” rating and upped their target price for the company from $67.00 to $93.00 in a research note on Friday, August 16th. Finally, Stifel Nicolaus reduced 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. Fourteen investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, NIKE currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.48.

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.