Schaper Benz & Wise Investment Counsel Inc. WI lessened its holdings in shares of Nike Inc (NYSE:NKE) by 0.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 115,450 shares of the footwear maker’s stock after selling 584 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Nike were worth $10,843,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Main Street Research LLC increased its position in Nike by 3.3% during the third quarter. Main Street Research LLC now owns 3,440 shares of the footwear maker’s stock worth $323,000 after buying an additional 109 shares during the period. Asset Dedication LLC increased its position in Nike by 0.6% during the third quarter. Asset Dedication LLC now owns 20,144 shares of the footwear maker’s stock worth $1,898,000 after buying an additional 114 shares during the period. Strategic Advisors LLC increased its position in Nike by 3.3% during the third quarter. Strategic Advisors LLC now owns 3,713 shares of the footwear maker’s stock worth $349,000 after buying an additional 118 shares during the period. Trustcore Financial Services LLC increased its position in Nike by 2.9% during the second quarter. Trustcore Financial Services LLC now owns 4,261 shares of the footwear maker’s stock worth $358,000 after buying an additional 120 shares during the period. Finally, Ballentine Partners LLC increased its position in Nike by 0.5% during the third quarter. Ballentine Partners LLC now owns 23,415 shares of the footwear maker’s stock worth $2,199,000 after buying an additional 120 shares during the period. 65.37% of the stock is currently owned by institutional investors and hedge funds.

In other news, CAO Hilary K. Krane sold 32,500 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $89.30, for a total value of $2,902,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Elliott Hill sold 2,770 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $86.96, for a total value of $240,879.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 436,445 shares of company stock valued at $40,260,653. 3.80% of the stock is currently owned by insiders.

Several brokerages have weighed in on NKE. Pivotal Research lifted their target price on Nike from $101.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. DZ Bank reiterated a “sell” rating on shares of Nike in a research note on Wednesday, September 25th. JPMorgan Chase & Co. set a $105.00 target price on Nike and gave the company a “buy” rating in a research note on Tuesday, October 1st. ValuEngine downgraded Nike from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Goldman Sachs Group set a $95.00 target price on Nike and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-two have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $97.07.

NKE stock traded down $0.59 during midday trading on Friday, hitting $89.81. 4,555,304 shares of the stock were exchanged, compared to its average volume of 6,516,054. The stock’s 50-day moving average price is $91.74 and its 200-day moving average price is $86.32. The stock has a market cap of $140.31 billion, a price-to-earnings ratio of 36.07, a PEG ratio of 2.31 and a beta of 0.83. Nike Inc has a fifty-two week low of $66.53 and a fifty-two week high of $96.87. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.29 and a current ratio of 2.01.

Nike (NYSE:NKE) last issued its quarterly earnings data on Tuesday, September 24th. The footwear maker reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.15. The firm had revenue of $10.66 billion during the quarter, compared to analysts’ expectations of $10.43 billion. Nike had a return on equity of 47.92% and a net margin of 10.81%. Nike’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 earnings per share. Research analysts anticipate that Nike Inc will post 2.98 EPS for the current year.

Nike Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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