Peloton Wealth Strategists Boosts Holdings in Nike, Inc. (NKE)

Peloton Wealth Strategists raised its position in shares of Nike, Inc. (NYSE:NKE) by 32.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,625 shares of the footwear maker’s stock after acquiring an additional 7,825 shares during the quarter. Peloton Wealth Strategists’ holdings in Nike were worth $1,866,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NKE. Asset Planning Services Ltd. boosted its position in shares of Nike by 0.3% in the 2nd quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock worth $126,000 after purchasing an additional 7 shares in the last quarter. Stearns Financial Services Group boosted its position in shares of Nike by 0.4% in the 2nd quarter. Stearns Financial Services Group now owns 4,160 shares of the footwear maker’s stock worth $245,000 after purchasing an additional 17 shares in the last quarter. Accredited Investors Inc. boosted its position in shares of Nike by 0.5% in the 1st quarter. Accredited Investors Inc. now owns 4,167 shares of the footwear maker’s stock worth $232,000 after purchasing an additional 19 shares in the last quarter. Smith Shellnut Wilson LLC ADV boosted its position in shares of Nike by 0.3% in the 2nd quarter. Smith Shellnut Wilson LLC ADV now owns 14,894 shares of the footwear maker’s stock worth $822,000 after purchasing an additional 41 shares in the last quarter. Finally, Buckingham Asset Management LLC boosted its position in shares of Nike by 0.7% in the 2nd quarter. Buckingham Asset Management LLC now owns 6,797 shares of the footwear maker’s stock worth $401,000 after purchasing an additional 45 shares in the last quarter. 62.57% of the stock is currently owned by institutional investors and hedge funds.

In other news, Chairman Mark G. Parker sold 135,000 shares of the stock in a transaction that occurred on 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 directly owns 1,637,736 shares in the company, valued at $90,124,612.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Johnathan A. Rodgers sold 16,000 shares of the stock in a transaction that occurred on 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 $1,371,527. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by company insiders.

Nike, Inc. (NKE) opened at $56.09 on Friday. The company has a market cap of $91,511.79, a P/E ratio of 23.87, a PEG ratio of 2.62 and a beta of 0.60. Nike, Inc. has a 1 year low of $49.75 and a 1 year high of $60.53. 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 (NYSE:NKE) last released its quarterly earnings data on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ 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 for the quarter, compared to the consensus estimate of $9.08 billion. During the same period last year, the firm earned $0.73 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. research analysts anticipate that Nike, Inc. will post 2.29 EPS for the current year.

A number of analysts have recently commented on the company. B. Riley reissued a “neutral” rating on shares of Nike in a research report on Wednesday, November 1st. Jefferies Group LLC reissued a “hold” rating and issued a $48.00 price target (down from $49.00) on shares of Nike in a research report on Wednesday, September 27th. Canaccord Genuity reissued a “hold” rating and issued a $50.00 price target (down from $51.00) on shares of Nike in a research report on Wednesday, September 27th. Susquehanna Bancshares Inc restated a “hold” rating and issued a $47.00 price objective (down from $54.00) on shares of Nike in a report on Wednesday, September 27th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $66.00 price objective on shares of Nike in a report on Saturday, September 30th. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and twenty have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $58.93.

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Nike Profile

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.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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