Edmond DE Rothschild Holding S.A. Acquires 20,588 Shares of Nike, Inc. (NKE)

Edmond DE Rothschild Holding S.A. boosted its holdings in Nike, Inc. (NYSE:NKE) by 8.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 263,817 shares of the footwear maker’s stock after acquiring an additional 20,588 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Nike were worth $15,565,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. V Wealth Management LLC bought a new position in shares of Nike during the 2nd quarter worth approximately $100,000. Asset Planning Services Ltd. lifted its position in shares of Nike by 0.3% during the 2nd quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock worth $126,000 after buying an additional 7 shares in the last quarter. Rational Advisors LLC lifted its position in shares of Nike by 14.3% during the 1st quarter. Rational Advisors LLC now owns 2,572 shares of the footwear maker’s stock worth $143,000 after buying an additional 321 shares in the last quarter. Kistler Tiffany Companies LLC lifted its position in shares of Nike by 91.7% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock worth $149,000 after buying an additional 1,209 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Nike by 7.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,780 shares of the footwear maker’s stock worth $164,000 after buying an additional 201 shares in the last quarter. 62.24% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have commented on NKE shares. Stifel Nicolaus set a $66.00 target price on shares of Nike and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Morgan Stanley set a $68.00 target price on shares of Nike and gave the stock a “buy” rating in a research report on Thursday, July 20th. Guggenheim reissued a “buy” rating and set a $70.00 target price on shares of Nike in a research report on Monday, July 24th. Piper Jaffray Companies reissued a “buy” rating on shares of Nike in a research report on Thursday, July 27th. Finally, Jefferies Group LLC set a $75.00 target price on shares of Nike and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and twenty have issued a buy rating to the company’s stock. Nike presently has an average rating of “Hold” and an average price target of $58.93.

In related news, Chairman Mark G. Parker sold 135,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $55.03, for a total transaction of $7,429,050.00. Following the transaction, the chairman now owns 1,637,736 shares in the company, valued at $90,124,612.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Johnathan A. Rodgers sold 16,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $53.45, for a total transaction of $855,200.00. Following the transaction, the director now owns 25,660 shares in the company, valued at approximately $1,371,527. The disclosure for this sale can be found here. 3.90% of the stock is owned by insiders.

Nike, Inc. (NYSE NKE) opened at $55.98 on Wednesday. The company has a market cap of $91,218.12, a PE ratio of 23.79, a PEG ratio of 2.61 and a beta of 0.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.81 and a current ratio of 2.67. Nike, Inc. has a one year low of $49.75 and a one year high of $60.53.

Nike (NYSE:NKE) last issued its quarterly earnings data on Tuesday, September 26th. The footwear maker reported $0.57 EPS for the quarter, beating the consensus estimate of $0.48 by $0.09. Nike had a net margin of 11.47% and a return on equity of 31.88%. The firm had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.08 billion. During the same period in the prior year, the firm posted $0.73 earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. sell-side analysts predict that Nike, Inc. will post 2.29 EPS for the current year.

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About Nike

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

Institutional Ownership by Quarter for Nike (NYSE:NKE)

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