Human Investing LLC Lowers Stock Holdings in NIKE, Inc. (NYSE:NKE)

Human Investing LLC reduced its position in NIKE, Inc. (NYSE:NKE) by 36.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 20,139 shares of the footwear maker’s stock after selling 11,492 shares during the quarter. Human Investing LLC’s holdings in NIKE were worth $1,780,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in NKE. Transcendent Capital Group LLC grew its holdings in NIKE by 97.6% in the first quarter. Transcendent Capital Group LLC now owns 405 shares of the footwear maker’s stock valued at $38,000 after purchasing an additional 200 shares during the last quarter. VitalStone Financial LLC increased its position in NIKE by 52.6% during the 3rd quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock worth $38,000 after purchasing an additional 150 shares in the last quarter. Bruce G. Allen Investments LLC increased its position in shares of NIKE by 272.5% in the second quarter. Bruce G. Allen Investments LLC now owns 514 shares of the footwear maker’s stock worth $39,000 after acquiring an additional 376 shares in the last quarter. Triad Wealth Partners LLC acquired a new stake in NIKE in the 2nd quarter valued at $44,000. Finally, MFA Wealth Advisors LLC purchased a new stake in shares of NIKE during the 2nd quarter valued at about $46,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Stock Up 0.6 %

NKE traded up $0.46 on Friday, reaching $77.59. 2,489,221 shares of the company traded hands, compared to its average volume of 11,550,671. NIKE, Inc. has a 52-week low of $70.75 and a 52-week high of $123.39. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58. The company has a market cap of $116.34 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 1.86 and a beta of 1.02. The stock’s 50 day moving average price is $82.24 and its 200-day moving average price is $84.61.

NIKE (NYSE:NKE) last released its quarterly earnings data on Tuesday, October 1st. The footwear maker reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.18. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The firm had revenue of $11.59 billion for the quarter, compared to the consensus estimate of $11.64 billion. During the same quarter in the prior year, the company posted $0.94 earnings per share. The firm’s revenue was down 10.4% on a year-over-year basis. On average, sell-side analysts expect that NIKE, Inc. will post 2.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other NIKE news, Chairman Mark G. Parker sold 52,487 shares of the business’s stock in a transaction 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 of the company’s stock, 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 Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on NKE. 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 report on Wednesday, October 2nd. TD Cowen upped their price target on NIKE from $71.00 to $78.00 and gave the company a “hold” rating in a research report on Wednesday, October 2nd. UBS Group lifted their target price on NIKE from $78.00 to $82.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Morgan Stanley boosted their price target on shares of NIKE from $79.00 to $82.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Finally, Jefferies Financial Group increased their price objective on NIKE from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Monday, September 30th. Fourteen research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $96.56.

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.