Cetera Investment Advisers Has $17.82 Million Holdings in NIKE, Inc. $NKE

Cetera Investment Advisers grew its holdings in NIKE, Inc. (NYSE:NKE) by 24.3% in the 2nd quarter, Holdings Channel reports. The fund owned 250,803 shares of the footwear maker’s stock after purchasing an additional 48,953 shares during the quarter. Cetera Investment Advisers’ holdings in NIKE were worth $17,817,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in NIKE by 1.0% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 14,176 shares of the footwear maker’s stock valued at $1,007,000 after purchasing an additional 134 shares during the period. Caldwell Sutter Capital Inc. raised its position in shares of NIKE by 6.3% during the second quarter. Caldwell Sutter Capital Inc. now owns 2,390 shares of the footwear maker’s stock valued at $170,000 after buying an additional 142 shares during the last quarter. Salomon & Ludwin LLC lifted its stake in shares of NIKE by 10.1% in the second quarter. Salomon & Ludwin LLC now owns 1,575 shares of the footwear maker’s stock valued at $120,000 after buying an additional 145 shares during the period. Westmount Partners LLC lifted its stake in shares of NIKE by 2.9% in the second quarter. Westmount Partners LLC now owns 5,165 shares of the footwear maker’s stock valued at $367,000 after buying an additional 146 shares during the period. Finally, HB Wealth Management LLC grew its position in NIKE by 0.3% during the second quarter. HB Wealth Management LLC now owns 52,012 shares of the footwear maker’s stock worth $3,695,000 after buying an additional 147 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Stock Performance

NIKE stock opened at $62.55 on Wednesday. The firm has a market capitalization of $92.46 billion, a P/E ratio of 32.08, a P/E/G ratio of 2.41 and a beta of 1.29. The stock has a fifty day moving average price of $68.05 and a two-hundred day moving average price of $68.89. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $82.44. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.45.

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 for the quarter, compared to the consensus estimate of $10.96 billion. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.70 EPS. As a group, analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on NKE. Weiss Ratings raised NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Stifel Nicolaus set a $68.00 target price on NIKE and gave the company a “hold” rating in a research note on Wednesday, October 1st. Wells Fargo & Company raised NIKE from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $60.00 to $75.00 in a research report on Thursday, November 13th. Citigroup upgraded shares of NIKE from a “neutral” rating to a “positive” rating in a research note on Friday, September 19th. Finally, Barclays set a $70.00 price objective on shares of NIKE and gave the company a “positive” rating in a research note on Wednesday, October 1st. Three equities research 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $82.24.

Insiders Place Their Bets

In other news, Director Jorgen Vig Knudstorp acquired 16,150 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was bought at an average price of $62.09 per share, with a total value of $1,002,753.50. Following the completion of 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. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 86,078 shares of NIKE stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $64.80, for a total transaction of $5,577,854.40. Following the completion of the transaction, the chairman owned 647,615 shares of the company’s stock, valued at $41,965,452. This trade represents a 11.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.80% of the company’s stock.

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.