SBI Securities Co. Ltd. Increases Stock Holdings in NIKE, Inc. $NKE

SBI Securities Co. Ltd. boosted its holdings in NIKE, Inc. (NYSE:NKE) by 8.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,518 shares of the footwear maker’s stock after buying an additional 1,979 shares during the period. SBI Securities Co. Ltd.’s holdings in NIKE were worth $1,884,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. National Pension Service increased its position in NIKE by 10.5% during the second quarter. National Pension Service now owns 3,110,578 shares of the footwear maker’s stock worth $220,975,000 after purchasing an additional 296,529 shares during the last quarter. Advyzon Investment Management LLC grew its stake in shares of NIKE by 9.6% during the 2nd quarter. Advyzon Investment Management LLC now owns 4,190 shares of the footwear maker’s stock valued at $298,000 after buying an additional 367 shares during the period. IMA Advisory Services Inc. increased its holdings in shares of NIKE by 12.2% during the 2nd quarter. IMA Advisory Services Inc. now owns 27,000 shares of the footwear maker’s stock worth $1,929,000 after buying an additional 2,939 shares during the last quarter. Verus Capital Partners LLC raised its position in shares of NIKE by 26.5% in the 2nd quarter. Verus Capital Partners LLC now owns 13,010 shares of the footwear maker’s stock worth $924,000 after buying an additional 2,729 shares during the period. Finally, Leith Wheeler Investment Counsel Ltd. acquired a new position in NIKE in the second quarter valued at $16,933,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NIKE

In other news, Director Jorgen Vig Knudstorp purchased 16,150 shares of the stock in a transaction dated Friday, November 7th. The stock was acquired at an average cost of $62.09 per share, for a total transaction of $1,002,753.50. Following the acquisition, the director owned 21,388 shares of the company’s stock, valued at $1,327,980.92. The trade was a 308.32% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Treasure Heinle sold 4,300 shares of the business’s stock in a transaction 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 sale, the executive vice president owned 29,396 shares of the company’s stock, valued at approximately $2,095,052.92. The trade was a 12.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.80% of the company’s stock.

NIKE Stock Up 1.7%

NKE stock opened at $64.22 on Thursday. The company has a current ratio of 2.19, a quick ratio of 1.45 and a debt-to-equity ratio of 0.59. The firm has a 50 day simple moving average of $68.88 and a 200-day simple moving average of $68.62. The company has a market capitalization of $94.93 billion, a P/E ratio of 32.93, a PEG ratio of 2.41 and a beta of 1.29. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $82.44.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on NKE. Stifel Nicolaus set a $68.00 price objective on NIKE and gave the company a “hold” rating in a research note on Wednesday, October 1st. UBS Group set a $71.00 price objective on NIKE and gave the stock a “neutral” rating in a research note on Friday, September 19th. Needham & Company LLC reiterated a “buy” rating and issued a $78.00 target price on shares of NIKE in a research note on Wednesday, October 1st. Royal Bank Of Canada reiterated an “outperform” rating on shares of NIKE in a report on Friday, October 10th. Finally, The Goldman Sachs Group set a $85.00 price target on NIKE and gave the stock a “buy” rating in a report on Thursday, September 25th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $82.21.

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.