PFG Advisors Has $13.23 Million Holdings in NIKE, Inc. $NKE

PFG Advisors increased its position in shares of NIKE, Inc. (NYSE:NKE) by 4,559.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 186,246 shares of the footwear maker’s stock after purchasing an additional 182,249 shares during the quarter. NIKE accounts for approximately 0.4% of PFG Advisors’ investment portfolio, making the stock its 25th largest position. PFG Advisors’ holdings in NIKE were worth $13,231,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in NKE. Vanguard Group Inc. boosted its position in shares of NIKE by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 113,151,080 shares of the footwear maker’s stock worth $7,182,831,000 after acquiring an additional 4,957,494 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of NIKE by 24.9% in the 1st quarter. Wellington Management Group LLP now owns 45,383,916 shares of the footwear maker’s stock valued at $2,880,971,000 after purchasing an additional 9,043,180 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of 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 purchasing an additional 20,688,013 shares during the last quarter. Flossbach Von Storch SE lifted its position in shares of NIKE by 9.5% during the 2nd quarter. Flossbach Von Storch SE now owns 11,265,390 shares of the footwear maker’s stock worth $800,293,000 after buying an additional 978,771 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of NIKE by 3.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,507,250 shares of the footwear maker’s stock worth $603,445,000 after buying an additional 301,497 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Stock Performance

Shares of NIKE stock opened at $61.04 on Friday. The stock has a market cap of $90.22 billion, a price-to-earnings ratio of 31.30, a P/E/G ratio of 2.41 and a beta of 1.29. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $82.44. The company’s fifty day moving average is $69.65 and its 200 day moving average is $68.52. The company has a quick ratio of 1.45, a current ratio of 2.19 and a debt-to-equity ratio of 0.59.

NIKE (NYSE:NKE) last announced its earnings results on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 EPS. Sell-side analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

Analyst Ratings Changes

NKE has been the subject of several research analyst reports. Wall Street Zen raised 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 lifted their price target for the company from $62.00 to $85.00 in a report on Wednesday, September 10th. UBS Group set a $71.00 price objective on shares of NIKE and gave the company a “neutral” rating in a research note on Friday, September 19th. Barclays set a $70.00 target price on shares of NIKE and gave the stock a “positive” rating in a research note on Wednesday, October 1st. Finally, JPMorgan Chase & Co. raised their price objective on NIKE from $93.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, October 1st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, NIKE presently has an average rating of “Moderate Buy” and an average target price of $82.21.

Insider Activity at NIKE

In other NIKE news, EVP Treasure Heinle sold 4,300 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 29,396 shares of the company’s stock, valued at approximately $2,095,052.92. This represents a 12.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Mark G. Parker sold 86,078 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the completion of the transaction, the chairman owned 744,988 shares in the company, valued at $56,566,938.84. This trade represents a 10.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate 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.