Human Investing LLC Has $1.78 Million Stock Position in NIKE, Inc. (NYSE:NKE)

Human Investing LLC cut its position in shares of NIKE, Inc. (NYSE:NKE) by 36.3% during the third quarter, HoldingsChannel.com reports. The firm owned 20,139 shares of the footwear maker’s stock after selling 11,492 shares during the period. Human Investing LLC’s holdings in NIKE were worth $1,780,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Kovack Advisors Inc. grew its position in NIKE by 24.5% in the first quarter. Kovack Advisors Inc. now owns 2,469 shares of the footwear maker’s stock valued at $232,000 after acquiring an additional 486 shares during the period. FORVIS Wealth Advisors LLC boosted its stake in shares of NIKE by 8.7% in the 1st quarter. FORVIS Wealth Advisors LLC now owns 7,951 shares of the footwear maker’s stock valued at $747,000 after purchasing an additional 636 shares in the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of NIKE by 14.5% in the 1st quarter. J.W. Cole Advisors Inc. now owns 10,628 shares of the footwear maker’s stock worth $992,000 after purchasing an additional 1,342 shares during the last quarter. Private Advisor Group LLC lifted its holdings in NIKE by 3.6% during the 1st quarter. Private Advisor Group LLC now owns 62,372 shares of the footwear maker’s stock valued at $5,862,000 after purchasing an additional 2,196 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its position in NIKE by 18.8% in the first quarter. Avior Wealth Management LLC now owns 31,406 shares of the footwear maker’s stock valued at $2,952,000 after buying an additional 4,978 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NIKE news, Chairman Mark G. Parker sold 52,487 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the completion of the transaction, the chairman now owns 1,031,226 shares of the company’s stock, valued at $80,435,628. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

NIKE Trading Up 0.6 %

NKE traded up $0.46 during mid-day trading on Friday, hitting $77.59. The stock had a trading volume of 2,489,221 shares, compared to its average volume of 11,550,671. The stock’s fifty day simple moving average is $82.24 and its 200-day simple moving average is $84.61. The firm has a market capitalization of $116.34 billion, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 1.86 and a beta of 1.02. NIKE, Inc. has a 1-year low of $70.75 and a 1-year high of $123.39. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58.

NIKE (NYSE:NKE) last released its quarterly earnings data on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.18. The business had revenue of $11.59 billion for the quarter, compared to analysts’ expectations of $11.64 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. NIKE’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.94 EPS. As a group, research analysts forecast that NIKE, Inc. will post 2.74 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Williams Trading raised shares of NIKE from a “sell” rating to a “buy” rating and raised their price objective for the stock from $67.00 to $93.00 in a report on Friday, August 16th. Guggenheim dropped their price target on NIKE from $115.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, October 2nd. Jefferies Financial Group boosted their price objective on NIKE from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Monday, September 30th. Telsey Advisory Group lowered their target price on NIKE from $100.00 to $96.00 and set an “outperform” rating for the company in a research note on Wednesday, October 2nd. Finally, Truist Financial upgraded shares of NIKE from a “hold” rating to a “buy” rating and upped their price target for the stock from $83.00 to $97.00 in a research report on Thursday, October 10th. Fourteen analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $96.56.

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.