Hills Bank & Trust Co Has $5.35 Million Stock Position in NIKE, Inc. (NYSE:NKE)

Hills Bank & Trust Co lifted its stake in NIKE, Inc. (NYSE:NKE) by 6.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,543 shares of the footwear maker’s stock after purchasing an additional 3,486 shares during the period. Hills Bank & Trust Co’s holdings in NIKE were worth $5,352,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kovack Advisors Inc. increased its position in NIKE by 24.5% during the first quarter. Kovack Advisors Inc. now owns 2,469 shares of the footwear maker’s stock worth $232,000 after buying an additional 486 shares during the last quarter. FORVIS Wealth Advisors LLC lifted its stake in NIKE by 8.7% during the first quarter. FORVIS Wealth Advisors LLC now owns 7,951 shares of the footwear maker’s stock worth $747,000 after purchasing an additional 636 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in NIKE by 14.5% during the first quarter. J.W. Cole Advisors Inc. now owns 10,628 shares of the footwear maker’s stock worth $992,000 after purchasing an additional 1,342 shares during the last quarter. Private Advisor Group LLC lifted its stake in NIKE by 3.6% during the first quarter. Private Advisor Group LLC now owns 62,372 shares of the footwear maker’s stock worth $5,862,000 after purchasing an additional 2,196 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its stake in NIKE by 18.8% during the first quarter. Avior Wealth Management LLC now owns 31,406 shares of the footwear maker’s stock worth $2,952,000 after purchasing an additional 4,978 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Chairman Mark G. Parker sold 52,487 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the completion of the transaction, the chairman now owns 1,031,226 shares in the company, valued at $80,435,628. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NKE has been the subject of several research analyst reports. Stifel Nicolaus lowered their price target on shares of NIKE from $88.00 to $79.00 and set a “hold” rating for the company in a report on Monday, August 26th. UBS Group increased their price objective on NIKE from $78.00 to $82.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Morgan Stanley increased their price target on NIKE from $79.00 to $82.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Jefferies Financial Group increased their price target on NIKE from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Monday, September 30th. Finally, Telsey Advisory Group cut their price objective on shares of NIKE from $100.00 to $96.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $96.56.

NIKE Price Performance

NKE stock opened at $77.64 on Friday. NIKE, Inc. has a 12 month low of $70.75 and a 12 month high of $123.39. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average price of $82.24 and a 200 day moving average price of $84.61. The stock has a market cap of $116.41 billion, a PE ratio of 22.10, a P/E/G ratio of 1.86 and a beta of 1.02.

NIKE (NYSE:NKE) last released its quarterly earnings data on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.18. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The company had revenue of $11.59 billion during the quarter, compared to analysts’ expectations of $11.64 billion. During the same period in the previous year, the company earned $0.94 EPS. The firm’s quarterly revenue was down 10.4% on a year-over-year basis. Equities research analysts anticipate that NIKE, Inc. will post 2.74 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.