NIKE, Inc. $NKE Holdings Trimmed by Pioneer Trust Bank N A OR

Pioneer Trust Bank N A OR cut its holdings in NIKE, Inc. (NYSE:NKE) by 6.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 66,718 shares of the footwear maker’s stock after selling 4,250 shares during the quarter. Pioneer Trust Bank N A OR’s holdings in NIKE were worth $4,740,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Brighton Jones LLC grew its position in NIKE by 388.5% in the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock worth $15,316,000 after buying an additional 160,980 shares during the last quarter. Stephens Inc. AR boosted its stake in shares of NIKE by 19.4% during the 1st quarter. Stephens Inc. AR now owns 98,799 shares of the footwear maker’s stock worth $6,272,000 after acquiring an additional 16,087 shares in the last quarter. CWM LLC grew its holdings in shares of NIKE by 127.1% in the 1st quarter. CWM LLC now owns 86,828 shares of the footwear maker’s stock worth $5,512,000 after acquiring an additional 48,598 shares during the last quarter. MQS Management LLC acquired a new stake in shares of NIKE during the first quarter worth $254,000. Finally, Bleakley Financial Group LLC lifted its holdings in shares of NIKE by 4.4% during the first quarter. Bleakley Financial Group LLC now owns 12,150 shares of the footwear maker’s stock valued at $771,000 after purchasing an additional 511 shares during the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Chairman Mark G. Parker sold 86,078 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $75.93, for a total value of $6,535,902.54. Following the completion of the sale, the chairman owned 744,988 shares of the company’s stock, valued at approximately $56,566,938.84. The trade was a 10.36% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jorgen Vig Knudstorp acquired 16,150 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average cost of $62.09 per share, for a total transaction of $1,002,753.50. Following the transaction, the director owned 21,388 shares of the company’s stock, valued at approximately $1,327,980.92. This represents a 308.32% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on NKE shares. Wall Street Zen upgraded NIKE from a “sell” rating to a “hold” rating in a report on Saturday, September 6th. Citigroup raised shares of NIKE from a “neutral” rating to a “positive” rating in a research report on Friday, September 19th. 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. Truist Financial reiterated a “buy” rating and set a $85.00 price objective on shares of NIKE in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. increased their target price on NIKE from $93.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, October 1st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.21.

NIKE Stock Up 3.8%

NKE stock opened at $63.10 on Wednesday. The company has a 50 day moving average of $69.09 and a two-hundred day moving average of $68.66. The company has a market cap of $93.27 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 2.41 and a beta of 1.29. NIKE, Inc. has a 12-month low of $52.28 and a 12-month 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.

NIKE (NYSE:NKE) last posted its quarterly 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. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The business had revenue of $11.72 billion for the quarter, compared to the consensus estimate of $10.96 billion. During the same period in the prior year, the business posted $0.70 earnings per share. NIKE’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal 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.