S.A. Mason LLC Lowers Holdings in NIKE, Inc. (NYSE:NKE)

S.A. Mason LLC lowered its stake in shares of NIKE, Inc. (NYSE:NKE) by 2.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 6,315 shares of the footwear maker’s stock after selling 143 shares during the period. S.A. Mason LLC’s holdings in NIKE were worth $558,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NKE. Valley National Advisers Inc. lifted its holdings in NIKE by 32.3% in the 1st quarter. Valley National Advisers Inc. now owns 2,273 shares of the footwear maker’s stock valued at $213,000 after purchasing an additional 555 shares in the last quarter. Kovack Advisors Inc. boosted its position in NIKE by 24.5% during the first quarter. Kovack Advisors Inc. now owns 2,469 shares of the footwear maker’s stock worth $232,000 after acquiring an additional 486 shares during the last quarter. Tempus Wealth Planning LLC grew its stake in NIKE by 40.4% during the 1st quarter. Tempus Wealth Planning LLC now owns 3,622 shares of the footwear maker’s stock valued at $340,000 after acquiring an additional 1,043 shares in the last quarter. Veracity Capital LLC raised its holdings in NIKE by 10.5% in the 1st quarter. Veracity Capital LLC now owns 3,507 shares of the footwear maker’s stock valued at $330,000 after acquiring an additional 334 shares during the last quarter. Finally, FORVIS Wealth Advisors LLC lifted its stake in NIKE by 8.7% in the 1st quarter. FORVIS Wealth Advisors LLC now owns 7,951 shares of the footwear maker’s stock worth $747,000 after purchasing an additional 636 shares in the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Chairman Mark G. Parker sold 52,487 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total value of $4,093,986.00. Following the completion of the transaction, the chairman now directly owns 1,031,226 shares of the company’s stock, valued at $80,435,628. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.10% of the company’s stock.

NIKE Stock Down 2.5 %

NKE stock opened at $76.43 on Thursday. NIKE, Inc. has a fifty-two week low of $70.75 and a fifty-two week high of $123.39. The company’s 50 day moving average price is $82.37 and its 200 day moving average price is $84.67. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 2.36. The firm has a market capitalization of $114.60 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 1.90 and a beta of 1.02.

NIKE (NYSE:NKE) last released its quarterly earnings data on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.18. The business had revenue of $11.59 billion during the quarter, compared to analysts’ expectations of $11.64 billion. NIKE had a net margin of 10.60% and a return on equity of 39.84%. During the same period in the previous year, the company earned $0.94 EPS. The company’s revenue for the quarter was down 10.4% on a year-over-year basis. On average, equities research analysts anticipate that NIKE, Inc. will post 2.76 EPS for the current fiscal year.

Analyst Ratings Changes

NKE has been the subject of several recent research reports. Williams Trading raised NIKE from a “sell” rating to a “buy” rating and increased their price target for the company from $67.00 to $93.00 in a report on Friday, August 16th. Piper Sandler reaffirmed a “neutral” rating and issued a $80.00 target price on shares of NIKE in a research note on Friday, September 20th. JPMorgan Chase & Co. lowered their price target on shares of NIKE from $80.00 to $77.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. UBS Group raised their price objective on shares of NIKE from $78.00 to $82.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Finally, Evercore ISI dropped their price target on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Wednesday, October 2nd. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NIKE presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.56.

About NIKE

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.