NIKE, Inc. (NYSE:NKE) Shares Acquired by Rakuten Securities Inc.

Rakuten Securities Inc. lifted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 24.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,240 shares of the footwear maker’s stock after acquiring an additional 1,240 shares during the period. Rakuten Securities Inc.’s holdings in NIKE were worth $552,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Longview Partners Guernsey LTD acquired a new position in NIKE during the first quarter worth approximately $533,533,000. Capital World Investors increased its position in NIKE by 612.2% during the first quarter. Capital World Investors now owns 5,185,432 shares of the footwear maker’s stock worth $487,327,000 after buying an additional 4,457,376 shares during the period. PineStone Asset Management Inc. increased its holdings in shares of NIKE by 138.3% in 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 during the period. Renaissance Technologies LLC increased its holdings in shares of NIKE by 351.7% in the second quarter. Renaissance Technologies LLC now owns 1,991,519 shares of the footwear maker’s stock valued at $150,101,000 after purchasing an additional 1,550,611 shares during the period. Finally, Swedbank AB acquired a new position in shares of NIKE in the first quarter valued at approximately $93,357,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insiders Place Their Bets

In other NIKE news, Chairman Mark G. Parker sold 52,487 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the completion of the sale, the chairman now directly owns 1,031,226 shares in the company, valued at $80,435,628. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.

NIKE Stock Performance

NIKE stock opened at $76.60 on Tuesday. The firm has a market capitalization of $114.85 billion, a P/E ratio of 21.95, a PEG ratio of 1.84 and a beta of 1.03. The stock has a fifty day moving average price of $81.25 and a 200 day moving average price of $83.61. NIKE, Inc. has a 52 week low of $70.75 and a 52 week high of $123.39. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE) last released its earnings results on Tuesday, October 1st. The footwear maker reported $0.70 EPS for the quarter, beating the consensus estimate of $0.52 by $0.18. The firm 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%. The business’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 earnings per share. Equities research analysts anticipate that NIKE, Inc. will post 2.74 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Morgan Stanley lifted their price target on NIKE from $79.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Bank of America decreased their price target on NIKE from $104.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, October 2nd. Wells Fargo & Company lifted their price target on NIKE from $86.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. Robert W. Baird boosted their target price on NIKE from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Finally, Royal Bank of Canada decreased their target price on NIKE from $82.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 7th. Fourteen 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $96.48.

NIKE 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.