NIKE, Inc. (NYSE:NKE) Shares Sold by Donaldson Capital Management LLC

Donaldson Capital Management LLC trimmed its position in shares of NIKE, Inc. (NYSE:NKE) by 4.6% during the third quarter, Holdings Channel reports. The firm owned 24,634 shares of the footwear maker’s stock after selling 1,185 shares during the quarter. Donaldson Capital Management LLC’s holdings in NIKE were worth $2,178,000 at the end of the most recent quarter.

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

Insider Transactions 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 value of $4,093,986.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

NKE has been the topic of a number of recent research reports. Evercore ISI cut their price objective on NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. TD Cowen increased 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. Wells Fargo & Company boosted their price objective on NIKE from $86.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Barclays reduced their target price on shares of NIKE from $84.00 to $81.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 2nd. Finally, Bank of America dropped their price objective on shares of NIKE from $104.00 to $100.00 and set a “buy” rating on the stock in a research 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. Based on data from MarketBeat.com, NIKE presently has an average rating of “Moderate Buy” and a consensus price target of $96.56.

NIKE Stock Up 1.2 %

NKE opened at $78.06 on Monday. NIKE, Inc. has a 52 week low of $70.75 and a 52 week high of $123.39. The business has a 50 day moving average price of $82.12 and a two-hundred day moving average price of $84.37. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.57. The company has a market cap of $117.04 billion, a PE ratio of 22.37, a P/E/G ratio of 1.87 and a beta of 1.03.

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