Vise Technologies Inc. Takes Position in NIKE, Inc. $NKE

Vise Technologies Inc. acquired a new stake in shares of NIKE, Inc. (NYSE:NKE) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 45,990 shares of the footwear maker’s stock, valued at approximately $3,267,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in NIKE by 388.5% in the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock valued at $15,316,000 after acquiring an additional 160,980 shares during the period. Stephens Inc. AR lifted its stake in NIKE by 19.4% during the first quarter. Stephens Inc. AR now owns 98,799 shares of the footwear maker’s stock worth $6,272,000 after purchasing an additional 16,087 shares during the period. CWM LLC boosted its holdings in NIKE by 127.1% during the first quarter. CWM LLC now owns 86,828 shares of the footwear maker’s stock valued at $5,512,000 after purchasing an additional 48,598 shares in the last quarter. MQS Management LLC bought a new stake in shares of NIKE in the 1st quarter valued at approximately $254,000. Finally, Bleakley Financial Group LLC raised its holdings in shares of NIKE by 4.4% in the 1st quarter. Bleakley Financial Group LLC now owns 12,150 shares of the footwear maker’s stock worth $771,000 after buying an additional 511 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NKE has been the topic of a number of analyst reports. Weiss Ratings upgraded NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Morgan Stanley set a $72.00 target price on shares of NIKE and gave the stock a “positive” rating in a research report on Wednesday, October 1st. Jefferies Financial Group restated a “buy” rating and issued a $115.00 price target on shares of NIKE in a research report on Monday, September 29th. UBS Group set a $71.00 price objective on shares of NIKE and gave the stock a “neutral” rating in a research note on Friday, September 19th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of NIKE in a research note on Friday, October 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and an average target price of $82.21.

NIKE Trading Down 0.5%

Shares of NYSE NKE opened at $60.77 on Tuesday. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $82.44. The company has a 50-day moving average of $69.31 and a two-hundred day moving average of $68.62. The company has a market cap of $89.83 billion, a PE ratio of 31.16, a P/E/G ratio of 2.41 and a beta of 1.29. The company has a current ratio of 2.19, a quick ratio of 1.45 and a debt-to-equity ratio of 0.59.

NIKE (NYSE:NKE) last issued its quarterly earnings results 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. 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 analyst estimates of $10.96 billion. During the same quarter last year, the business posted $0.70 earnings per share. NIKE’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jorgen Vig Knudstorp acquired 16,150 shares of the company’s stock in a transaction on Friday, November 7th. The stock was purchased 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 of the company’s stock, valued at $1,327,980.92. This trade represents a 308.32% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Treasure Heinle sold 4,300 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president directly owned 29,396 shares in the company, valued at $2,095,052.92. This trade represents a 12.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.80% of the company’s stock.

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.