6,998 Shares in NIKE, Inc. (NYSE:NKE) Purchased by Park Capital Management LLC WI

Park Capital Management LLC WI acquired a new position in NIKE, Inc. (NYSE:NKE) in the fourth quarter, HoldingsChannel reports. The fund acquired 6,998 shares of the footwear maker’s stock, valued at approximately $530,000. NIKE comprises 0.6% of Park Capital Management LLC WI’s investment portfolio, making the stock its 28th biggest holding.

A number of other hedge funds also recently added to or reduced their stakes in the business. CX Institutional bought a new position in NIKE in the third quarter worth about $5,195,000. Zhang Financial LLC bought a new position in NIKE in the third quarter worth about $740,000. Swedbank AB raised its holdings in NIKE by 1.2% in the third quarter. Swedbank AB now owns 980,660 shares of the footwear maker’s stock worth $86,690,000 after purchasing an additional 11,877 shares in the last quarter. Petredis Investment Advisors LLC raised its holdings in NIKE by 1.7% in the third quarter. Petredis Investment Advisors LLC now owns 17,964 shares of the footwear maker’s stock worth $1,588,000 after purchasing an additional 302 shares in the last quarter. Finally, Regatta Capital Group LLC increased its holdings in shares of NIKE by 4.0% during the third quarter. Regatta Capital Group LLC now owns 30,902 shares of the footwear maker’s stock valued at $2,732,000 after acquiring an additional 1,180 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NIKE

In other news, Director John W. Rogers, Jr. acquired 2,500 shares of the firm’s stock in a transaction on Friday, December 27th. The shares were bought at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the acquisition, the director now owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NKE has been the topic of several recent analyst reports. UBS Group restated a “neutral” rating and set a $73.00 price objective on shares of NIKE in a report on Thursday, December 26th. Robert W. Baird cut their price objective on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Monday, December 23rd. Barclays cut their price objective on shares of NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft cut their price target on shares of NIKE from $92.00 to $82.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Finally, Royal Bank of Canada cut their price target on shares of NIKE from $82.00 to $80.00 and set a “sector perform” rating on the stock in a report on Thursday, November 7th. Fifteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $88.62.

NIKE Trading Up 1.4 %

Shares of NYSE:NKE opened at $72.31 on Thursday. NIKE, Inc. has a 1 year low of $68.62 and a 1 year high of $107.34. The firm has a market capitalization of $106.96 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 2.34 and a beta of 1.01. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The business’s 50 day moving average price is $74.80 and its 200-day moving average price is $78.08.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.15. The company had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 EPS. On average, equities research analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

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.