Rockefeller Capital Management L.P. Sells 45,103 Shares of NIKE, Inc. $NKE

Rockefeller Capital Management L.P. lessened its holdings in NIKE, Inc. (NYSE:NKE) by 14.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 269,231 shares of the footwear maker’s stock after selling 45,103 shares during the period. Rockefeller Capital Management L.P.’s holdings in NIKE were worth $19,128,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NKE. Mitchell Mcleod Pugh & Williams Inc. increased its holdings in NIKE by 1.0% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 14,176 shares of the footwear maker’s stock worth $1,007,000 after acquiring an additional 134 shares in the last quarter. Caldwell Sutter Capital Inc. boosted its position in shares of NIKE by 6.3% in the second quarter. Caldwell Sutter Capital Inc. now owns 2,390 shares of the footwear maker’s stock worth $170,000 after purchasing an additional 142 shares during the period. Salomon & Ludwin LLC increased its stake in shares of NIKE by 10.1% in the second quarter. Salomon & Ludwin LLC now owns 1,575 shares of the footwear maker’s stock worth $120,000 after purchasing an additional 145 shares in the last quarter. Westmount Partners LLC increased its stake in shares of NIKE by 2.9% in the second quarter. Westmount Partners LLC now owns 5,165 shares of the footwear maker’s stock worth $367,000 after purchasing an additional 146 shares in the last quarter. Finally, HB Wealth Management LLC raised its position in shares of NIKE by 0.3% during the 2nd quarter. HB Wealth Management LLC now owns 52,012 shares of the footwear maker’s stock valued at $3,695,000 after purchasing an additional 147 shares during the period. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Treasure Heinle sold 4,300 shares of the firm’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $71.27, for a total transaction of $306,461.00. Following the transaction, the executive vice president owned 29,396 shares in the company, valued at approximately $2,095,052.92. This trade represents a 12.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Mark G. Parker sold 86,078 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $64.80, for a total transaction of $5,577,854.40. Following the completion of the sale, the chairman owned 647,615 shares of the company’s stock, valued at approximately $41,965,452. This represents a 11.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.80% of the stock is currently owned by company insiders.

NIKE Stock Performance

NYSE NKE opened at $62.55 on Wednesday. The business’s 50 day moving average price is $68.05 and its 200-day moving average price is $68.89. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $82.44. The company has a market cap of $92.46 billion, a P/E ratio of 32.08, a P/E/G ratio of 2.41 and a beta of 1.29. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.19.

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

Analyst Ratings Changes

NKE has been the subject of a number of analyst reports. Zacks Research upgraded NIKE from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 26th. Morgan Stanley set a $72.00 price objective on NIKE and gave the stock a “positive” rating in a research note on Wednesday, October 1st. Sanford C. Bernstein reiterated a “buy” rating and set a $90.00 target price on shares of NIKE in a research report on Monday, October 13th. TD Cowen raised NIKE from a “hold” rating to a “buy” rating and boosted their price target for the stock from $62.00 to $85.00 in a report on Wednesday, September 10th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of NIKE in a research note on Friday, October 10th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $82.24.

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.