Associated Banc Corp raised its position in Nike, Inc. (NYSE:NKE) by 3.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,252 shares of the footwear maker’s stock after acquiring an additional 150 shares during the quarter. Associated Banc Corp’s holdings in Nike were worth $251,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NKE. Pioneer Investment Management Inc. lifted its stake in Nike by 108.4% in the first quarter. Pioneer Investment Management Inc. now owns 3,157,306 shares of the footwear maker’s stock valued at $175,956,000 after acquiring an additional 1,642,177 shares during the last quarter. State of Tennessee Treasury Department lifted its stake in shares of Nike by 5.6% during the 1st quarter. State of Tennessee Treasury Department now owns 926,263 shares of the footwear maker’s stock worth $51,621,000 after buying an additional 49,298 shares during the last quarter. Holderness Investments Co. acquired a new stake in shares of Nike during the 1st quarter worth about $336,000. State of Wisconsin Investment Board lifted its stake in shares of Nike by 14.1% during the 1st quarter. State of Wisconsin Investment Board now owns 1,592,523 shares of the footwear maker’s stock worth $88,751,000 after buying an additional 197,174 shares during the last quarter. Finally, United Bank lifted its stake in shares of Nike by 9.6% during the 1st quarter. United Bank now owns 27,530 shares of the footwear maker’s stock worth $1,534,000 after buying an additional 2,422 shares during the last quarter. Hedge funds and other institutional investors own 62.24% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Nike, Inc. (NKE) Holdings Increased by Associated Banc Corp” was first published by Watch List News and is the sole property of of Watch List News. If you are reading this report on another domain, it was copied illegally and reposted in violation of US and international copyright laws. The correct version of this report can be accessed at https://www.watchlistnews.com/nike-inc-nke-holdings-increased-by-associated-banc-corp/1699363.html.

Shares of Nike, Inc. (NKE) opened at $56.09 on Monday. Nike, Inc. has a one year low of $49.75 and a one year high of $60.53. The company has a quick ratio of 1.81, a current ratio of 2.67 and a debt-to-equity ratio of 0.29. The stock has a market cap of $91,511.79, a price-to-earnings ratio of 23.87, a PEG ratio of 2.62 and a beta of 0.60.

Nike (NYSE:NKE) last posted its earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.09. Nike had a net margin of 11.47% and a return on equity of 31.88%. The firm had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.08 billion. During the same quarter in the prior year, the business posted $0.73 EPS. The business’s revenue was up .1% compared to the same quarter last year. research analysts expect that Nike, Inc. will post 2.29 earnings per share for the current year.

In other news, Chairman Mark G. Parker sold 135,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $55.03, for a total value of $7,429,050.00. Following the completion of the sale, the chairman now owns 1,637,736 shares in the company, valued at approximately $90,124,612.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Johnathan A. Rodgers sold 16,000 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $53.45, for a total transaction of $855,200.00. Following the completion of the sale, the director now owns 25,660 shares of the company’s stock, valued at approximately $1,371,527. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

A number of research firms have recently issued reports on NKE. B. Riley restated a “neutral” rating on shares of Nike in a research note on Wednesday, November 1st. Guggenheim restated a “buy” rating and set a $70.00 target price on shares of Nike in a research note on Monday, July 24th. FBR & Co restated a “hold” rating and set a $53.00 target price on shares of Nike in a research note on Thursday, September 14th. Susquehanna Bancshares Inc restated a “neutral” rating and set a $64.00 target price on shares of Nike in a research note on Tuesday, September 19th. Finally, Raymond James Financial, Inc. cut their target price on shares of Nike from $71.00 to $67.00 and set an “outperform” rating for the company in a research note on Tuesday, September 19th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and twenty have given a buy rating to the company. Nike currently has a consensus rating of “Hold” and a consensus price target of $58.93.

About Nike

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

Institutional Ownership by Quarter for Nike (NYSE:NKE)

Receive News & Ratings for Nike Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nike Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.