TD Waterhouse Canada Inc. Boosts Stock Position in NIKE, Inc. $NKE

TD Waterhouse Canada Inc. boosted its position in NIKE, Inc. (NYSE:NKE) by 9.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 323,901 shares of the footwear maker’s stock after purchasing an additional 27,995 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in NIKE were worth $23,762,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NKE. Stone House Investment Management LLC purchased a new position in shares of NIKE in the 1st quarter worth approximately $25,000. Mascoma Wealth Management LLC acquired a new stake in NIKE in the second quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC grew its holdings in NIKE by 952.6% in the second quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 362 shares during the last quarter. Saudi Central Bank purchased a new position in NIKE in the first quarter worth $30,000. Finally, Matrix Trust Co increased its position in shares of NIKE by 53.1% during the second quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock worth $31,000 after purchasing an additional 153 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Zacks Research raised NIKE from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 26th. JPMorgan Chase & Co. decreased their price target on NIKE from $100.00 to $86.00 and set a “buy” rating for the company in a research note on Monday. Barclays set a $70.00 price target on NIKE and gave the stock a “positive” rating in a research note on Wednesday, October 1st. Wall Street Zen raised shares of NIKE from a “sell” rating to a “hold” rating in a research report on Saturday, September 6th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $115.00 target price on shares of NIKE in a research report on Monday, September 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.24.

Insider Buying and Selling at NIKE

In other NIKE news, Chairman Mark G. Parker sold 86,078 shares of NIKE stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $64.80, for a total transaction of $5,577,854.40. Following the completion of the transaction, the chairman owned 647,615 shares in the company, valued at approximately $41,965,452. This trade represents a 11.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jorgen Vig Knudstorp acquired 16,150 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was bought at an average cost of $62.09 per share, with a total value of $1,002,753.50. Following the acquisition, the director 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 owned by corporate insiders.

NIKE Price Performance

Shares of NYSE NKE opened at $62.55 on Wednesday. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $82.44. The business’s 50 day moving average price is $68.05 and its 200 day moving average price is $68.89. The company has a quick ratio of 1.45, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The firm 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.

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

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.