Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $20.53 Million Stock Holdings in NIKE, Inc. $NKE

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in NIKE, Inc. (NYSE:NKE) by 7.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 288,936 shares of the footwear maker’s stock after buying an additional 18,802 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in NIKE were worth $20,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of NKE. Goldman Sachs Group Inc. raised its holdings in NIKE by 344.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 26,698,835 shares of the footwear maker’s stock valued at $1,694,842,000 after acquiring an additional 20,688,013 shares during the period. Wellington Management Group LLP boosted its holdings in shares of NIKE by 24.9% during the first quarter. Wellington Management Group LLP now owns 45,383,916 shares of the footwear maker’s stock worth $2,880,971,000 after acquiring an additional 9,043,180 shares during the period. Nuveen LLC acquired a new position in shares of NIKE in the first quarter valued at approximately $502,285,000. Vanguard Group Inc. increased its stake in shares of NIKE by 4.6% during the first quarter. Vanguard Group Inc. now owns 113,151,080 shares of the footwear maker’s stock worth $7,182,831,000 after purchasing an additional 4,957,494 shares during the period. Finally, Generation Investment Management LLP bought a new position in shares of NIKE during the first quarter worth approximately $215,768,000. 64.25% of the stock is owned by institutional investors.

Insider Buying and Selling at NIKE

In other NIKE news, EVP Treasure Heinle sold 4,300 shares of the company’s 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 completion of the sale, the executive vice president directly owned 29,396 shares in the company, valued at $2,095,052.92. This represents a 12.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jorgen Vig Knudstorp bought 16,150 shares of NIKE stock in a transaction on Friday, November 7th. The stock was acquired at an average cost of $62.09 per share, for a total transaction of $1,002,753.50. Following the acquisition, the director owned 21,388 shares in the company, valued at approximately $1,327,980.92. This represents a 308.32% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.80% of the stock is owned by corporate insiders.

NIKE Stock Down 2.9%

NKE stock opened at $64.11 on Friday. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $82.44. The business has a 50-day simple moving average of $68.50 and a 200 day simple moving average of $68.73. The company has a quick ratio of 1.45, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The company has a market cap of $94.77 billion, a PE ratio of 32.88, a price-to-earnings-growth ratio of 2.41 and a beta of 1.29.

NIKE (NYSE:NKE) last issued its earnings results on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, beating the consensus estimate of $0.27 by $0.22. The company had revenue of $11.72 billion during the quarter, compared to analysts’ expectations of $10.96 billion. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.70 EPS. Sell-side analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NKE has been the topic of a number of research reports. Zacks Research raised NIKE from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 26th. Stifel Nicolaus set a $68.00 target price on NIKE and gave the stock a “hold” rating in a report on Wednesday, October 1st. DZ Bank raised shares of NIKE from a “hold” rating to a “buy” rating in a research report on Wednesday, October 1st. Royal Bank Of Canada restated an “outperform” rating on shares of NIKE in a research note on Friday, October 10th. Finally, BTIG Research initiated coverage on shares of NIKE in a research report on Tuesday, October 14th. They set a “buy” rating and a $100.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.72.

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.