NIKE, Inc. $NKE Shares Sold by Ironwood Investment Counsel LLC

Ironwood Investment Counsel LLC lowered its position in shares of NIKE, Inc. (NYSE:NKE) by 13.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,382 shares of the footwear maker’s stock after selling 808 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in NIKE were worth $382,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Mascoma Wealth Management LLC bought a new position in NIKE during the second quarter worth $26,000. Stone House Investment Management LLC bought a new stake in NIKE during the 1st quarter worth about $25,000. Halbert Hargrove Global Advisors LLC raised its position in shares of NIKE by 952.6% in the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 362 shares during the period. Matrix Trust Co lifted its holdings in shares of NIKE by 53.1% during the 2nd quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock valued at $31,000 after purchasing an additional 153 shares in the last quarter. Finally, Saudi Central Bank acquired a new stake in shares of NIKE in the 1st quarter valued at about $30,000. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Price Performance

NIKE stock opened at $64.22 on Thursday. The business has a fifty day moving average price of $68.88 and a 200-day moving average price of $68.62. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.45. NIKE, Inc. has a one year low of $52.28 and a one year high of $82.44. The firm 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 (NYSE:NKE) last posted its earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 6.23% and a return on equity of 21.16%. NIKE’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.70 EPS. As a group, equities research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

Insiders Place Their Bets

In other NIKE news, Director Jorgen Vig Knudstorp bought 16,150 shares of NIKE stock in a transaction that occurred on Friday, November 7th. The shares were bought at an average price of $62.09 per share, with a total value of $1,002,753.50. Following the acquisition, the director owned 21,388 shares in the company, valued at approximately $1,327,980.92. This trade represents a 308.32% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Treasure Heinle sold 4,300 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $71.27, for a total value of $306,461.00. Following the sale, the executive vice president 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. The SEC filing for this sale provides additional information. 0.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on NKE. Zacks Research upgraded NIKE from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 26th. The Goldman Sachs Group set a $85.00 price target on NIKE and gave the stock a “buy” rating in a research report on Thursday, September 25th. DZ Bank upgraded NIKE from a “hold” rating to a “buy” rating in a research report on Wednesday, October 1st. Barclays set a $70.00 price target on NIKE and gave the company a “positive” rating in a research note on Wednesday, October 1st. Finally, Stifel Nicolaus set a $68.00 price target on shares of NIKE and gave the stock a “hold” rating in a report on Wednesday, October 1st. Three research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.