NIKE, Inc. $NKE Shares Sold by Auxano Advisors LLC

Auxano Advisors LLC trimmed its holdings in NIKE, Inc. (NYSE:NKE) by 42.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,833 shares of the footwear maker’s stock after selling 5,749 shares during the period. Auxano Advisors LLC’s holdings in NIKE were worth $556,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its holdings in NIKE by 344.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 26,698,835 shares of the footwear maker’s stock valued at $1,694,842,000 after acquiring an additional 20,688,013 shares during the last quarter. Wellington Management Group LLP grew its position in shares of NIKE by 24.9% in the first quarter. Wellington Management Group LLP now owns 45,383,916 shares of the footwear maker’s stock valued at $2,880,971,000 after purchasing an additional 9,043,180 shares in the last quarter. Nuveen LLC acquired a new stake in shares of NIKE in the first quarter valued at approximately $502,285,000. Vanguard Group Inc. lifted its position 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 in the last quarter. Finally, Generation Investment Management LLP acquired a new position in NIKE during the first quarter worth $215,768,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wall Street Zen raised NIKE from a “sell” rating to a “hold” rating in a research note on Saturday, September 6th. Morgan Stanley set a $72.00 price objective on shares of NIKE and gave the stock a “positive” rating in a research report on Wednesday, October 1st. Sanford C. Bernstein reiterated a “buy” rating and issued a $90.00 target price on shares of NIKE in a report on Monday, October 13th. BTIG Research initiated coverage on shares of NIKE in a research note on Tuesday, October 14th. They issued a “buy” rating and a $100.00 price target for the company. Finally, The Goldman Sachs Group set a $85.00 price target on shares of NIKE and gave the company a “buy” rating in a research report on Thursday, September 25th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, NIKE has an average rating of “Moderate Buy” and an average target price of $82.24.

NIKE Trading Up 0.5%

NKE opened at $62.79 on Thursday. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $82.44. 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 business has a fifty day simple moving average of $67.82 and a 200-day simple moving average of $68.85. The firm has a market cap of $92.81 billion, a P/E ratio of 32.20, a P/E/G ratio of 2.41 and a beta of 1.29.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $10.96 billion. During the same quarter in the previous year, the business earned $0.70 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, equities analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

Insiders Place Their Bets

In other NIKE news, Director Jorgen Vig Knudstorp purchased 16,150 shares of NIKE stock in a transaction dated Friday, November 7th. The shares were acquired at an average price of $62.09 per share, with a total value of $1,002,753.50. Following the completion of the transaction, the director owned 21,388 shares of the company’s stock, valued at $1,327,980.92. This trade represents a 308.32% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Treasure Heinle sold 4,300 shares of the firm’s 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 completion of the transaction, the executive vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.80% of the company’s stock.

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.