PFG Advisors Has $13.23 Million Holdings in NIKE, Inc. $NKE

PFG Advisors lifted its stake in shares of NIKE, Inc. (NYSE:NKE) by 4,559.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 186,246 shares of the footwear maker’s stock after buying an additional 182,249 shares during the period. NIKE accounts for about 0.4% of PFG Advisors’ investment portfolio, making the stock its 25th biggest holding. PFG Advisors’ holdings in NIKE were worth $13,231,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NKE. Mitchell Mcleod Pugh & Williams Inc. increased its stake in NIKE by 1.0% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 14,176 shares of the footwear maker’s stock valued at $1,007,000 after purchasing an additional 134 shares in the last quarter. Caldwell Sutter Capital Inc. increased its position in NIKE by 6.3% in the 2nd quarter. Caldwell Sutter Capital Inc. now owns 2,390 shares of the footwear maker’s stock valued at $170,000 after buying an additional 142 shares in the last quarter. Salomon & Ludwin LLC boosted its holdings in NIKE by 10.1% in the second quarter. Salomon & Ludwin LLC now owns 1,575 shares of the footwear maker’s stock worth $120,000 after acquiring an additional 145 shares in the last quarter. Westmount Partners LLC grew its stake in NIKE by 2.9% in the second quarter. Westmount Partners LLC now owns 5,165 shares of the footwear maker’s stock valued at $367,000 after acquiring an additional 146 shares during the period. Finally, HB Wealth Management LLC increased its holdings in shares of NIKE by 0.3% during the second quarter. HB Wealth Management LLC now owns 52,012 shares of the footwear maker’s stock valued at $3,695,000 after acquiring an additional 147 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Activity

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

NIKE Stock Down 1.4%

NIKE stock opened at $61.04 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.19. The stock has a market cap 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 fifty-two week low of $52.28 and a fifty-two week high of $82.44. The firm’s 50-day simple moving average is $69.65 and its 200 day simple moving average is $68.52.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on NKE. Weiss Ratings upgraded NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. TD Cowen raised shares of NIKE from a “hold” rating to a “buy” rating and raised their price objective for the company from $62.00 to $85.00 in a research note on Wednesday, September 10th. UBS Group set a $71.00 target price on shares of NIKE and gave the stock a “neutral” rating in a research report on Friday, September 19th. Telsey Advisory Group restated a “market perform” rating and issued a $75.00 target price on shares of NIKE in a report on Wednesday, October 1st. Finally, Morgan Stanley set a $72.00 price target on shares of NIKE and gave the company a “positive” rating in a research report on Wednesday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $82.21.

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.