NIKE, Inc. (NYSE:NKE) Shares Bought by Baillie Gifford & Co.

Baillie Gifford & Co. lifted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 10.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 182,830 shares of the footwear maker’s stock after purchasing an additional 17,978 shares during the quarter. Baillie Gifford & Co.’s holdings in NIKE were worth $16,162,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of NIKE by 572.8% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 108,302 shares of the footwear maker’s stock worth $9,681,000 after buying an additional 92,204 shares during the period. North Growth Management Ltd. acquired a new stake in NIKE during the third quarter worth about $1,420,000. WealthPlan Investment Management LLC raised its holdings in shares of NIKE by 5.1% in the 3rd quarter. WealthPlan Investment Management LLC now owns 77,461 shares of the footwear maker’s stock worth $6,848,000 after purchasing an additional 3,767 shares during the period. WealthPLAN Partners LLC lifted its stake in shares of NIKE by 1.7% in the 3rd quarter. WealthPLAN Partners LLC now owns 38,013 shares of the footwear maker’s stock valued at $3,360,000 after purchasing an additional 646 shares in the last quarter. Finally, Harbour Investments Inc. grew its holdings in shares of NIKE by 6.6% during the 3rd quarter. Harbour Investments Inc. now owns 5,749 shares of the footwear maker’s stock worth $508,000 after purchasing an additional 357 shares during the period. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Stock Performance

Shares of NKE opened at $76.67 on Wednesday. The stock has a market capitalization of $114.96 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 1.86 and a beta of 1.03. The business’s fifty day moving average price is $81.25 and its 200 day moving average price is $83.61. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58. NIKE, Inc. has a 12-month low of $70.75 and a 12-month high of $123.39.

NIKE (NYSE:NKE) last issued its earnings results on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $11.64 billion. During the same period in the prior year, the company earned $0.94 earnings per share. The firm’s revenue was down 10.4% compared to the same quarter last year. Equities research analysts forecast that NIKE, Inc. will post 2.74 EPS for the current year.

Analyst Upgrades and Downgrades

NKE has been the topic of a number of recent research reports. Telsey Advisory Group reduced their price target 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. Guggenheim decreased their price target on shares of NIKE from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their price target on NIKE from $80.00 to $77.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Evercore ISI reduced their price objective on NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company increased their target price on NIKE from $86.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. Fourteen investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $96.48.

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.