NIKE, Inc. (NYSE:NKE) Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 14.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,769 shares of the footwear maker’s stock after acquiring an additional 9,415 shares during the period. Oppenheimer & Co. Inc.’s holdings in NIKE were worth $6,698,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Koshinski Asset Management Inc. acquired a new stake in shares of NIKE in the first quarter valued at approximately $713,000. Kingsview Wealth Management LLC grew its holdings in NIKE by 17.3% in the 1st quarter. Kingsview Wealth Management LLC now owns 63,978 shares of the footwear maker’s stock valued at $6,013,000 after buying an additional 9,418 shares in the last quarter. Blair William & Co. IL increased its stake in shares of NIKE by 4.1% in the 1st quarter. Blair William & Co. IL now owns 379,806 shares of the footwear maker’s stock worth $35,694,000 after acquiring an additional 14,934 shares during the last quarter. Orion Portfolio Solutions LLC boosted its position in shares of NIKE by 14.0% during the 1st quarter. Orion Portfolio Solutions LLC now owns 73,071 shares of the footwear maker’s stock valued at $6,867,000 after acquiring an additional 8,947 shares during the last quarter. Finally, Brighton Jones LLC boosted its position in shares of NIKE by 6.4% during the 1st quarter. Brighton Jones LLC now owns 202,691 shares of the footwear maker’s stock valued at $19,049,000 after acquiring an additional 12,116 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Trading Down 0.2 %

NYSE NKE opened at $76.51 on Thursday. NIKE, Inc. has a 52 week low of $70.75 and a 52 week high of $123.39. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $114.72 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 1.86 and a beta of 1.03. The firm has a 50 day moving average of $81.16 and a two-hundred day moving average of $83.49.

NIKE (NYSE:NKE) last released its quarterly earnings data on Tuesday, October 1st. The footwear maker reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.18. The business had revenue of $11.59 billion for the quarter, compared to the consensus estimate of $11.64 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The business’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.94 EPS. As a group, research analysts expect that NIKE, Inc. will post 2.74 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on NKE. Evercore ISI reduced their target price on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Guggenheim reduced their price target on shares of NIKE from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, October 2nd. Piper Sandler reiterated a “neutral” rating and issued a $80.00 price objective on shares of NIKE in a research report on Friday, September 20th. Sanford C. Bernstein reduced their target price on NIKE from $112.00 to $109.00 and set an “outperform” rating on the stock in a research report on Thursday, September 19th. Finally, Jefferies Financial Group increased their price target on NIKE from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Monday, September 30th. Fourteen analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $96.48.

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.