Windward Capital Management Co. CA Grows Stock Position in NIKE, Inc. (NYSE:NKE)

Windward Capital Management Co. CA increased its position in shares of NIKE, Inc. (NYSE:NKE) by 0.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 313,772 shares of the footwear maker’s stock after purchasing an additional 917 shares during the quarter. NIKE makes up approximately 2.1% of Windward Capital Management Co. CA’s investment portfolio, making the stock its 16th largest position. Windward Capital Management Co. CA’s holdings in NIKE were worth $27,737,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. SpiderRock Advisors LLC boosted its stake in NIKE by 22.2% during the 3rd quarter. SpiderRock Advisors LLC now owns 55,402 shares of the footwear maker’s stock worth $4,898,000 after purchasing an additional 10,066 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in shares of NIKE in the third quarter worth about $1,395,000. AIA Group Ltd boosted its position in NIKE by 247.0% during the third quarter. AIA Group Ltd now owns 53,077 shares of the footwear maker’s stock worth $4,692,000 after acquiring an additional 37,780 shares during the last quarter. Sittner & Nelson LLC grew its stake in NIKE by 7.6% during the 3rd quarter. Sittner & Nelson LLC now owns 28,430 shares of the footwear maker’s stock valued at $2,513,000 after acquiring an additional 2,013 shares in the last quarter. Finally, Confluence Investment Management LLC raised its holdings in NIKE by 1.1% in the 3rd quarter. Confluence Investment Management LLC now owns 231,488 shares of the footwear maker’s stock valued at $20,464,000 after acquiring an additional 2,516 shares during the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NKE. Telsey Advisory Group lowered their target price on NIKE from $100.00 to $96.00 and set an “outperform” rating on the stock in a report on Wednesday, October 2nd. Barclays lowered their price objective on NIKE from $84.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 2nd. Evercore ISI cut their target price on NIKE from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Wednesday, October 2nd. Piper Sandler reissued a “neutral” rating and set a $80.00 price target on shares of NIKE in a research report on Friday, September 20th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of NIKE from $80.00 to $77.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Fourteen research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.48.

Insider Buying and Selling at NIKE

In other news, Chairman Mark G. Parker sold 52,487 shares of NIKE 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 sale, the chairman now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

NIKE Price Performance

NIKE stock opened at $75.88 on Friday. 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 52-week low of $70.75 and a 52-week high of $123.39. The firm has a market cap of $113.77 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 1.83 and a beta of 1.03. The company’s 50 day moving average is $81.39 and its two-hundred day moving average is $83.88.

NIKE (NYSE:NKE) last announced 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. The business had revenue of $11.59 billion for 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 company’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period last year, the firm earned $0.94 earnings per share. On average, research analysts expect that NIKE, Inc. will post 2.74 EPS for the current fiscal 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.