PDS Planning Inc Sells 1,153 Shares of NIKE, Inc. (NYSE:NKE)

PDS Planning Inc trimmed its holdings in shares of NIKE, Inc. (NYSE:NKE) by 25.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,404 shares of the footwear maker’s stock after selling 1,153 shares during the period. PDS Planning Inc’s holdings in NIKE were worth $301,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in NKE. United Community Bank increased its position in NIKE by 75.7% in the first quarter. United Community Bank now owns 940 shares of the footwear maker’s stock worth $88,000 after buying an additional 405 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in NIKE by 4.9% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 19,244 shares of the footwear maker’s stock valued at $1,809,000 after purchasing an additional 904 shares during the last quarter. Commerce Bank boosted its position in NIKE by 1.6% during the first quarter. Commerce Bank now owns 134,494 shares of the footwear maker’s stock worth $12,640,000 after purchasing an additional 2,178 shares during the period. Callan Capital LLC increased its stake in shares of NIKE by 14.7% in the first quarter. Callan Capital LLC now owns 2,539 shares of the footwear maker’s stock worth $239,000 after purchasing an additional 326 shares in the last quarter. Finally, Avidian Wealth Solutions LLC raised its position in shares of NIKE by 8.3% in the first quarter. Avidian Wealth Solutions LLC now owns 6,253 shares of the footwear maker’s stock valued at $588,000 after purchasing an additional 479 shares during the period. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Performance

Shares of NYSE:NKE opened at $77.19 on Tuesday. 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 $81.98 and a 200-day moving average price of $84.24. The company has a market cap of $115.74 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 1.90 and a beta of 1.03. NIKE, Inc. has a 12 month low of $70.75 and a 12 month high of $123.39.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on NKE shares. Williams Trading upgraded shares of NIKE from a “sell” rating to a “buy” rating and lifted their price objective for the company from $67.00 to $93.00 in a research note on Friday, August 16th. Bank of America reduced their price target on NIKE from $104.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, October 2nd. TD Cowen raised their target price on NIKE from $71.00 to $78.00 and gave the stock a “hold” rating in a research note on Wednesday, October 2nd. Jefferies Financial Group lifted their target price on NIKE from $80.00 to $85.00 and gave the company a “hold” rating in a report on Monday, September 30th. Finally, Telsey Advisory Group decreased their target price 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. Fourteen investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.56.

Insider Buying and Selling at NIKE

In other news, Chairman Mark G. Parker sold 52,487 shares of NIKE stock in a transaction dated 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 sale, the chairman now owns 1,031,226 shares of the company’s stock, valued at approximately $80,435,628. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

NIKE Company 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.