Auxano Advisors LLC Reduces Position in NIKE, Inc. $NKE

Auxano Advisors LLC trimmed its position in NIKE, Inc. (NYSE:NKE) by 42.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,833 shares of the footwear maker’s stock after selling 5,749 shares during the period. Auxano Advisors LLC’s holdings in NIKE were worth $556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NKE. Vanguard Group Inc. raised its stake in shares of NIKE by 0.6% in the second quarter. Vanguard Group Inc. now owns 113,823,785 shares of the footwear maker’s stock worth $8,086,042,000 after purchasing an additional 672,705 shares during the last quarter. Wellington Management Group LLP raised its position in NIKE by 24.9% during the 1st quarter. Wellington Management Group LLP now owns 45,383,916 shares of the footwear maker’s stock worth $2,880,971,000 after buying an additional 9,043,180 shares during the last quarter. Goldman Sachs Group Inc. raised its position in NIKE by 344.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 26,698,835 shares of the footwear maker’s stock worth $1,694,842,000 after buying an additional 20,688,013 shares during the last quarter. Flossbach Von Storch SE lifted its stake in NIKE by 9.5% during the 2nd quarter. Flossbach Von Storch SE now owns 11,265,390 shares of the footwear maker’s stock valued at $800,293,000 after acquiring an additional 978,771 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of NIKE by 3.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,507,250 shares of the footwear maker’s stock valued at $603,445,000 after acquiring an additional 301,497 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Buying and Selling at NIKE

In related news, Chairman Mark G. Parker sold 86,078 shares of the company’s stock in a transaction dated 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 in the company, valued at $41,965,452. This represents a 11.73% decrease in their position. 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 acquired 16,150 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average price of $62.09 per share, for a total transaction of $1,002,753.50. Following the completion of the acquisition, the director owned 21,388 shares in the company, valued at $1,327,980.92. The trade was a 308.32% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NKE. UBS Group set a $71.00 target price on shares of NIKE and gave the stock a “neutral” rating in a report on Friday, September 19th. Jefferies Financial Group reissued a “buy” rating and issued a $115.00 price objective on shares of NIKE in a report on Monday, September 29th. The Goldman Sachs Group set a $85.00 target price on NIKE and gave the stock a “buy” rating in a research note on Thursday, September 25th. DZ Bank upgraded NIKE from a “hold” rating to a “buy” rating in a research report on Wednesday, October 1st. Finally, Zacks Research raised NIKE from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 26th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, NIKE presently has an average rating of “Moderate Buy” and an average price target of $82.24.

NIKE Stock Up 0.5%

NIKE stock opened at $62.79 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.45. The stock has a market capitalization of $92.81 billion, a PE ratio of 32.20, a price-to-earnings-growth ratio of 2.41 and a beta of 1.29. The business has a 50 day simple moving average of $67.82 and a 200-day simple moving average of $68.85. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $82.44.

NIKE (NYSE:NKE) last announced its earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.22. The firm had revenue of $11.72 billion for the quarter, compared to analyst estimates of $10.96 billion. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The business’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.70 EPS. On average, analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal 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.