Stokes Family Office LLC Has $2.09 Million Stake in NIKE, Inc. $NKE

Stokes Family Office LLC raised its holdings in NIKE, Inc. (NYSE:NKE) by 7.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,368 shares of the footwear maker’s stock after acquiring an additional 2,022 shares during the quarter. Stokes Family Office LLC’s holdings in NIKE were worth $2,086,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in NKE. Vanguard Group Inc. boosted its holdings in NIKE by 4.6% during the first quarter. Vanguard Group Inc. now owns 113,151,080 shares of the footwear maker’s stock worth $7,182,831,000 after buying an additional 4,957,494 shares during the last quarter. Wellington Management Group LLP boosted its stake in NIKE by 24.9% during the 1st quarter. Wellington Management Group LLP now owns 45,383,916 shares of the footwear maker’s stock worth $2,880,971,000 after acquiring an additional 9,043,180 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in NIKE by 344.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 26,698,835 shares of the footwear maker’s stock worth $1,694,842,000 after acquiring an additional 20,688,013 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in NIKE by 3.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,507,250 shares of the footwear maker’s stock valued at $603,445,000 after purchasing an additional 301,497 shares during the period. Finally, Jennison Associates LLC increased its stake in NIKE by 3.8% in the second quarter. Jennison Associates LLC now owns 8,319,862 shares of the footwear maker’s stock valued at $591,043,000 after purchasing an additional 300,781 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NKE. Wall Street Zen raised shares of NIKE from a “sell” rating to a “hold” rating in a research report on Saturday, September 6th. KeyCorp set a $90.00 price objective on NIKE and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. UBS Group set a $71.00 target price on NIKE and gave the stock a “neutral” rating in a report on Friday, September 19th. BTIG Research began coverage on NIKE in a research note on Tuesday, October 14th. They issued a “buy” rating and a $100.00 target price for the company. Finally, Zacks Research raised NIKE from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 26th. Three research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.21.

NIKE Price Performance

NYSE NKE opened at $61.04 on Friday. The company has a quick ratio of 1.45, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The firm’s 50 day moving average is $69.65 and its 200-day moving average is $68.44. The company has a market capitalization of $90.22 billion, a PE ratio of 31.30, a price-to-earnings-growth ratio of 2.41 and a beta of 1.29. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $82.44.

NIKE (NYSE:NKE) last released its earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.22. The business had revenue of $11.72 billion for the quarter, compared to analyst estimates of $10.96 billion. NIKE had a return on equity of 21.16% and a net margin of 6.23%.NIKE’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.70 earnings per share. Equities research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

Insider Activity at NIKE

In other NIKE news, EVP Treasure Heinle sold 4,300 shares of the stock in a transaction on Monday, October 6th. The shares were sold at an average price of $71.27, for a total value of $306,461.00. Following the completion of the sale, the executive vice president owned 29,396 shares in the company, valued at $2,095,052.92. This trade represents a 12.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Mark G. Parker sold 86,078 shares of NIKE stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the completion of the transaction, the chairman directly owned 744,988 shares of the company’s stock, valued at approximately $56,566,938.84. This trade represents a 10.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.80% 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.