NIKE, Inc. $NKE Shares Bought by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey grew its position in NIKE, Inc. (NYSE:NKE) by 2.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 175,806 shares of the footwear maker’s stock after purchasing an additional 3,806 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in NIKE were worth $12,489,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Banco Santander S.A. raised its stake in NIKE by 28.3% in the second quarter. Banco Santander S.A. now owns 221,117 shares of the footwear maker’s stock valued at $15,708,000 after buying an additional 48,764 shares during the last quarter. Soltis Investment Advisors LLC increased its holdings in shares of NIKE by 238.8% during the second quarter. Soltis Investment Advisors LLC now owns 141,356 shares of the footwear maker’s stock valued at $10,042,000 after acquiring an additional 99,638 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of NIKE by 0.6% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,008,340 shares of the footwear maker’s stock valued at $69,932,000 after acquiring an additional 5,601 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of NIKE in the 1st quarter valued at approximately $25,963,000. Finally, BROOKFIELD Corp ON boosted its stake in NIKE by 36.2% in the 1st quarter. BROOKFIELD Corp ON now owns 658,598 shares of the footwear maker’s stock worth $41,808,000 after purchasing an additional 175,000 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Analyst Ratings Changes

NKE has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. DZ Bank raised shares of NIKE from a “hold” rating to a “buy” rating in a report on Wednesday, October 1st. Needham & Company LLC reissued a “buy” rating and issued a $78.00 target price on shares of NIKE in a research report on Wednesday, October 1st. Truist Financial reaffirmed a “buy” rating and set a $85.00 price target on shares of NIKE in a research report on Wednesday, October 1st. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $75.00 price target on shares of NIKE in a research note on Wednesday, October 1st. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.72.

Insider Activity at NIKE

In other news, Director Jorgen Vig Knudstorp bought 16,150 shares of the business’s stock in a transaction dated 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 acquisition, the director directly owned 21,388 shares in the company, valued at $1,327,980.92. This trade represents a 308.32% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Treasure Heinle sold 4,300 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $71.27, for a total transaction of $306,461.00. Following the sale, the executive vice president directly owned 29,396 shares in the company, valued at $2,095,052.92. This trade represents a 12.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.80% of the company’s stock.

NIKE Stock Performance

NYSE NKE opened at $66.08 on Friday. The firm has a market capitalization of $97.68 billion, a P/E ratio of 33.89, a PEG ratio of 2.41 and a beta of 1.29. The stock has a 50-day simple moving average of $68.69 and a two-hundred day simple moving average of $68.61. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.19. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $82.44.

NIKE (NYSE:NKE) last issued its earnings results on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22. The firm 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 company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 earnings per share. On average, equities analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current year.

About NIKE

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.