Windward Capital Management Co. CA Raises Stock Position in NIKE, Inc. (NYSE:NKE)

Windward Capital Management Co. CA lifted its stake in NIKE, Inc. (NYSE:NKE) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 313,772 shares of the footwear maker’s stock after buying an additional 917 shares during the period. NIKE makes up 2.1% of Windward Capital Management Co. CA’s investment portfolio, making the stock its 16th largest holding. Windward Capital Management Co. CA’s holdings in NIKE were worth $27,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Longview Partners Guernsey LTD acquired a new position in NIKE in the 1st quarter valued at about $533,533,000. Capital World Investors increased its position in NIKE by 612.2% during the 1st quarter. Capital World Investors now owns 5,185,432 shares of the footwear maker’s stock worth $487,327,000 after purchasing an additional 4,457,376 shares during the period. PineStone Asset Management Inc. lifted its holdings in NIKE by 138.3% in the second quarter. PineStone Asset Management Inc. now owns 2,715,689 shares of the footwear maker’s stock valued at $204,681,000 after acquiring an additional 1,576,049 shares during the period. Renaissance Technologies LLC grew its stake in shares of NIKE by 351.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,991,519 shares of the footwear maker’s stock worth $150,101,000 after purchasing an additional 1,550,611 shares during the period. Finally, Swedbank AB acquired a new position in shares of NIKE during the 1st quarter worth $93,357,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NIKE

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

Wall Street Analyst Weigh In

NKE has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of NIKE from $78.00 to $82.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Stifel Nicolaus decreased their target price on NIKE from $88.00 to $79.00 and set a “hold” rating on the stock in a research report on Monday, August 26th. Guggenheim dropped their price target on NIKE from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. dropped their target price on shares of NIKE from $80.00 to $77.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $80.00 price target on shares of NIKE in a report on Friday, September 20th. Fourteen investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $96.48.

NIKE Price Performance

NYSE NKE opened at $75.88 on Friday. The company has a 50-day moving average price of $81.39 and a two-hundred day moving average price of $83.88. The stock has a market cap of $113.77 billion, a price-to-earnings ratio of 21.74, a price-to-earnings-growth ratio of 1.83 and a beta of 1.03. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 52 week low of $70.75 and a 52 week high of $123.39.

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