Thompson Davis & CO. Inc. Invests $221,000 in NIKE, Inc. $NKE

Thompson Davis & CO. Inc. bought a new position in shares of NIKE, Inc. (NYSE:NKE) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,113 shares of the footwear maker’s stock, valued at approximately $221,000.

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

Insider Activity

In other news, EVP Treasure Heinle sold 4,300 shares of the company’s 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 directly owned 29,396 shares of the company’s stock, valued at $2,095,052.92. This represents a 12.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jorgen Vig Knudstorp bought 16,150 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was purchased at an average cost of $62.09 per share, with a total value of $1,002,753.50. Following the completion of the acquisition, the director directly owned 21,388 shares of the company’s stock, valued at approximately $1,327,980.92. The trade was a 308.32% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $115.00 target price on shares of NIKE in a report on Monday, September 29th. TD Cowen raised NIKE from a “hold” rating to a “buy” rating and lifted their target price for the company from $62.00 to $85.00 in a research report on Wednesday, September 10th. Zacks Research upgraded shares of NIKE from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 26th. Stifel Nicolaus set a $68.00 price objective on NIKE and gave the stock a “hold” rating in a research note on Wednesday, October 1st. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of NIKE in a research note on Friday, October 10th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $82.72.

NIKE Price Performance

NIKE stock opened at $66.08 on Friday. NIKE, Inc. has a one year low of $52.28 and a one year high of $82.44. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.45. The stock’s 50 day moving average is $68.69 and its 200 day moving average is $68.61. The firm has a market cap of $97.68 billion, a P/E ratio of 33.89, a P/E/G ratio of 2.41 and a beta of 1.29.

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

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.