NIKE, Inc. $NKE Shares Acquired by Sittner & Nelson LLC

Sittner & Nelson LLC grew its stake in shares of NIKE, Inc. (NYSE:NKE) by 6.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,258 shares of the footwear maker’s stock after purchasing an additional 1,907 shares during the period. NIKE comprises about 0.9% of Sittner & Nelson LLC’s holdings, making the stock its 21st biggest holding. Sittner & Nelson LLC’s holdings in NIKE were worth $2,150,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Mascoma Wealth Management LLC acquired a new position in shares of NIKE in the second quarter worth about $26,000. Stone House Investment Management LLC acquired a new stake in shares of NIKE in the first quarter worth $25,000. Halbert Hargrove Global Advisors LLC grew its holdings in shares of NIKE by 952.6% during the second quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock valued at $28,000 after buying an additional 362 shares in the last quarter. Matrix Trust Co raised its position in NIKE by 53.1% during the second quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock valued at $31,000 after buying an additional 153 shares during the period. Finally, Saudi Central Bank purchased a new stake in NIKE in the 1st quarter worth about $30,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on NKE shares. Stifel Nicolaus set a $68.00 price target on shares of NIKE and gave the stock a “hold” rating in a research report on Wednesday, October 1st. BTIG Research started coverage on shares of NIKE in a research note on Tuesday, October 14th. They issued a “buy” rating and a $100.00 price target on the stock. Needham & Company LLC reissued a “buy” rating and set a $78.00 price objective on shares of NIKE in a research report on Wednesday, October 1st. JPMorgan Chase & Co. upped their target price on NIKE from $93.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 1st. Finally, Truist Financial reaffirmed a “buy” rating and set a $85.00 price target on shares of NIKE in a research note on Wednesday, October 1st. Three analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.72.

NIKE Price Performance

Shares of NYSE:NKE opened at $66.08 on Friday. The stock has a market capitalization of $97.68 billion, a P/E ratio of 33.89, a P/E/G ratio of 2.41 and a beta of 1.29. The business has a 50-day moving average of $68.69 and a two-hundred day moving average of $68.61. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $82.44. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.45.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.22. The business had revenue of $11.72 billion for the quarter, compared to the consensus estimate of $10.96 billion. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The firm’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business earned $0.70 EPS. On average, equities research analysts predict that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

Insider Buying and Selling at NIKE

In related news, EVP Treasure Heinle sold 4,300 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $71.27, for a total transaction of $306,461.00. Following the completion of the sale, the executive vice president directly owned 29,396 shares of the company’s stock, valued at approximately $2,095,052.92. This represents a 12.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jorgen Vig Knudstorp bought 16,150 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average price of $62.09 per share, for a total transaction of $1,002,753.50. Following the acquisition, the director directly owned 21,388 shares in the company, valued at approximately $1,327,980.92. This trade represents a 308.32% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.80% of the stock is currently owned by corporate insiders.

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.