NIKE, Inc. (NYSE:NKE) Shares Sold by Vantage Investment Partners LLC

Vantage Investment Partners LLC cut its holdings in shares of NIKE, Inc. (NYSE:NKE) by 0.4% in the 3rd quarter, Holdings Channel reports. The fund owned 432,896 shares of the footwear maker’s stock after selling 1,762 shares during the period. NIKE accounts for about 3.2% of Vantage Investment Partners LLC’s investment portfolio, making the stock its 10th biggest position. Vantage Investment Partners LLC’s holdings in NIKE were worth $38,268,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of NKE. Longview Partners Guernsey LTD bought a new position in NIKE in the first quarter worth about $533,533,000. Capital World Investors boosted its position in shares of NIKE by 612.2% during the first quarter. Capital World Investors now owns 5,185,432 shares of the footwear maker’s stock worth $487,327,000 after buying an additional 4,457,376 shares during the period. PineStone Asset Management Inc. lifted its position in NIKE by 138.3% in the second quarter. PineStone Asset Management Inc. now owns 2,715,689 shares of the footwear maker’s stock worth $204,681,000 after purchasing an additional 1,576,049 shares during the period. Renaissance Technologies LLC lifted its position in NIKE by 351.7% in the second quarter. Renaissance Technologies LLC now owns 1,991,519 shares of the footwear maker’s stock worth $150,101,000 after purchasing an additional 1,550,611 shares during the period. Finally, Swedbank AB acquired a new stake in NIKE in the first quarter worth approximately $93,357,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NKE has been the subject of a number of research analyst reports. Robert W. Baird upped their target price on NIKE from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Wells Fargo & Company upped their price target on NIKE from $86.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, September 20th. Williams Trading raised NIKE from a “sell” rating to a “buy” rating and upped their price target for the company from $67.00 to $93.00 in a report on Friday, August 16th. Sanford C. Bernstein dropped their price target on NIKE from $112.00 to $109.00 and set an “outperform” rating on the stock in a report on Thursday, September 19th. Finally, Truist Financial raised NIKE from a “hold” rating to a “buy” rating and upped their price target for the company from $83.00 to $97.00 in a report on Thursday, October 10th. Fourteen research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $96.48.

Insider Buying and Selling

In related news, Chairman Mark G. Parker sold 52,487 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total value of $4,093,986.00. Following the completion of the sale, the chairman now directly owns 1,031,226 shares in the company, valued at approximately $80,435,628. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by corporate insiders.

NIKE Trading Up 0.9 %

NIKE stock opened at $76.60 on Tuesday. The company’s fifty day simple moving average is $81.39 and its 200-day simple moving average is $83.73. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 12 month low of $70.75 and a 12 month high of $123.39. The stock has a market cap of $114.85 billion, a P/E ratio of 21.95, a P/E/G ratio of 1.84 and a beta of 1.03.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Tuesday, October 1st. The footwear maker reported $0.70 EPS for the quarter, beating the consensus estimate of $0.52 by $0.18. The business had revenue of $11.59 billion for the quarter, compared to analysts’ expectations of $11.64 billion. NIKE had a net margin of 10.60% and a return on equity of 39.84%. NIKE’s revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 EPS. As a group, sell-side analysts forecast that NIKE, Inc. will post 2.74 EPS for the current fiscal year.

About NIKE

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.