NIKE, Inc. $NKE Shares Purchased by Saturna Capital Corp

Saturna Capital Corp grew its position in NIKE, Inc. (NYSE:NKE) by 47.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 155,055 shares of the footwear maker’s stock after purchasing an additional 50,055 shares during the period. Saturna Capital Corp’s holdings in NIKE were worth $11,015,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NKE. Stone House Investment Management LLC acquired a new position in shares of NIKE during the first quarter worth approximately $25,000. Mascoma Wealth Management LLC acquired a new position in NIKE during the 2nd quarter worth $26,000. Halbert Hargrove Global Advisors LLC boosted its position in NIKE by 952.6% during the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock worth $28,000 after acquiring an additional 362 shares during the period. Saudi Central Bank bought a new position in shares of NIKE in the first quarter worth $30,000. Finally, Matrix Trust Co increased its holdings in shares of NIKE by 53.1% during the second quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock valued at $31,000 after purchasing an additional 153 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Transactions at NIKE

In other news, Director Jorgen Vig Knudstorp acquired 16,150 shares of the stock in a transaction on Friday, November 7th. The shares were purchased at an average cost of $62.09 per share, for a total transaction of $1,002,753.50. Following the transaction, the director owned 21,388 shares in the company, valued at approximately $1,327,980.92. This trade represents a 308.32% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Treasure Heinle sold 4,300 shares of the business’s 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 sale, the executive vice president directly owned 29,396 shares in the company, valued at approximately $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. 0.80% of the stock is currently owned by insiders.

NIKE Stock Down 0.6%

Shares of NIKE stock opened at $62.55 on Wednesday. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $82.44. The firm has a market capitalization of $92.46 billion, a PE ratio of 32.08, a price-to-earnings-growth ratio of 2.41 and a beta of 1.29. 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 stock’s fifty day moving average is $68.05 and its 200-day moving average is $68.89.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share 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 analysts’ expectations of $10.96 billion. NIKE had a return on equity of 21.16% and a net margin of 6.23%.NIKE’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $0.70 EPS. Equities analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of NIKE from a “sell” rating to a “hold” rating in a research note on Saturday, September 6th. TD Cowen raised shares of NIKE from a “hold” rating to a “buy” rating and raised their target price for the company from $62.00 to $85.00 in a research note on Wednesday, September 10th. DZ Bank upgraded shares of NIKE from a “hold” rating to a “buy” rating in a research report on Wednesday, October 1st. Wells Fargo & Company upgraded shares of NIKE from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $60.00 to $75.00 in a report on Thursday, November 13th. Finally, KeyCorp set a $90.00 target price on NIKE and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $82.24.

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.