NIKE, Inc. $NKE Stake Raised by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in NIKE, Inc. (NYSE:NKE) by 7.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,390,279 shares of the footwear maker’s stock after acquiring an additional 168,041 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in NIKE were worth $169,805,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Brighton Jones LLC boosted its holdings in NIKE by 388.5% during 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 in the last quarter. Alps Advisors Inc. increased its holdings in shares of NIKE by 1.1% in the first quarter. Alps Advisors Inc. now owns 42,333 shares of the footwear maker’s stock valued at $2,687,000 after buying an additional 449 shares in the last quarter. Cerity Partners LLC lifted its position in shares of NIKE by 34.6% during the 1st quarter. Cerity Partners LLC now owns 490,149 shares of the footwear maker’s stock valued at $31,126,000 after acquiring an additional 126,080 shares during the last quarter. SteelPeak Wealth LLC lifted its position in shares of NIKE by 300.4% during the 1st quarter. SteelPeak Wealth LLC now owns 25,667 shares of the footwear maker’s stock valued at $1,633,000 after acquiring an additional 19,256 shares during the last quarter. Finally, Platform Technology Partners boosted its stake in shares of NIKE by 8.5% during the 1st quarter. Platform Technology Partners now owns 24,927 shares of the footwear maker’s stock worth $1,582,000 after acquiring an additional 1,959 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Trading Down 1.4%

Shares of NYSE NKE opened at $61.04 on Friday. 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 $90.22 billion, a PE ratio of 31.30, a PEG ratio of 2.41 and a beta of 1.29. The company has a current ratio of 2.19, a quick ratio of 1.45 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average price of $69.65 and a two-hundred day moving average price of $68.52.

NIKE (NYSE:NKE) last issued its earnings results 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. The company had revenue of $11.72 billion for the quarter, compared to the consensus estimate of $10.96 billion. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 EPS. As a group, analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NIKE news, EVP Treasure Heinle sold 4,300 shares of NIKE stock in a transaction on Monday, October 6th. The shares were sold at an average price of $71.27, for a total transaction of $306,461.00. Following the completion of the sale, the executive vice president owned 29,396 shares of the company’s stock, valued at $2,095,052.92. This trade represents a 12.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Mark G. Parker sold 86,078 shares of the business’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the transaction, the chairman owned 744,988 shares in the company, valued at approximately $56,566,938.84. This represents a 10.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NKE shares. BTIG Research started coverage on NIKE in a research report on Tuesday, October 14th. They set a “buy” rating and a $100.00 target price on the stock. Sanford C. Bernstein reiterated a “buy” rating and issued a $90.00 price target on shares of NIKE in a research report on Monday, October 13th. JPMorgan Chase & Co. lifted their price target on NIKE from $93.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 1st. Wall Street Zen raised shares of NIKE from a “sell” rating to a “hold” rating in a research note on Saturday, September 6th. Finally, The Goldman Sachs Group set a $85.00 target price on shares of NIKE and gave the stock a “buy” rating in a report on Thursday, September 25th. Three analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, NIKE presently has a consensus 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.