NIKE, Inc. (NYSE:NKE) Stock Holdings Decreased by Golden State Equity Partners

Golden State Equity Partners decreased its stake in shares of NIKE, Inc. (NYSE:NKE) by 14.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,360 shares of the footwear maker’s stock after selling 559 shares during the period. Golden State Equity Partners’ holdings in NIKE were worth $297,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of NKE. Longview Partners Guernsey LTD acquired a new position in shares of NIKE in the 1st quarter worth approximately $533,533,000. Capital World Investors boosted its holdings in NIKE by 612.2% in the first quarter. Capital World Investors now owns 5,185,432 shares of the footwear maker’s stock worth $487,327,000 after purchasing an additional 4,457,376 shares during the period. Jennison Associates LLC increased its stake in NIKE by 45.6% during the first quarter. Jennison Associates LLC now owns 8,859,580 shares of the footwear maker’s stock valued at $832,623,000 after purchasing an additional 2,775,510 shares during the last quarter. PineStone Asset Management Inc. raised its holdings in shares of NIKE by 138.3% during the second quarter. PineStone Asset Management Inc. now owns 2,715,689 shares of the footwear maker’s stock worth $204,681,000 after purchasing an additional 1,576,049 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of NIKE by 351.7% in 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 during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NIKE

In related news, Chairman Mark G. Parker sold 52,487 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chairman now owns 1,031,226 shares of the company’s stock, valued at approximately $80,435,628. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by insiders.

NIKE Price Performance

Shares of NYSE:NKE opened at $77.13 on Friday. The company has a market capitalization of $115.65 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 1.90 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 2.36. The stock has a fifty day moving average of $82.24 and a 200-day moving average of $84.61. NIKE, Inc. has a one year low of $70.75 and a one year high of $123.39.

NIKE (NYSE:NKE) last announced its earnings results on Tuesday, October 1st. The footwear maker reported $0.70 EPS for the quarter, beating the consensus estimate of $0.52 by $0.18. The business had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $11.64 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. NIKE’s revenue was down 10.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.94 earnings per share. As a group, equities analysts anticipate that NIKE, Inc. will post 2.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on NKE. Williams Trading upgraded shares of NIKE from a “sell” rating to a “buy” rating and increased their price objective for the stock from $67.00 to $93.00 in a research note on Friday, August 16th. Piper Sandler reissued a “neutral” rating and issued a $80.00 price target on shares of NIKE in a report on Friday, September 20th. Daiwa America downgraded NIKE from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Guggenheim cut their target price on NIKE from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, October 2nd. Finally, Stifel Nicolaus lowered their price target on shares of NIKE from $88.00 to $79.00 and set a “hold” rating for the company in a research report on Monday, August 26th. Fourteen 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.56.

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.