37,825 Shares in NIKE, Inc. $NKE Acquired by ABN Amro Investment Solutions

ABN Amro Investment Solutions bought a new position in shares of NIKE, Inc. (NYSE:NKE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,825 shares of the footwear maker’s stock, valued at approximately $2,687,000.

Other institutional investors have also recently made changes to their positions in the company. Mascoma Wealth Management LLC bought a new position in NIKE during the second quarter valued at $26,000. Stone House Investment Management LLC purchased a new position in NIKE during the first quarter valued at approximately $25,000. Halbert Hargrove Global Advisors LLC lifted its stake in shares of NIKE by 952.6% during the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 362 shares during the last quarter. Matrix Trust Co grew its position in shares of NIKE by 53.1% in the 2nd quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock worth $31,000 after buying an additional 153 shares during the last quarter. Finally, Saudi Central Bank acquired a new stake in shares of NIKE in the 1st quarter worth $30,000. Institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling at NIKE

In related news, EVP Treasure Heinle sold 4,300 shares of NIKE stock in a transaction on Monday, October 6th. The shares were sold at an average price of $71.27, for a total value of $306,461.00. Following the transaction, the executive vice president directly owned 29,396 shares in the company, valued at $2,095,052.92. This trade represents a 12.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jorgen Vig Knudstorp purchased 16,150 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were purchased at an average price of $62.09 per share, for a total transaction of $1,002,753.50. Following the completion of the purchase, the director owned 21,388 shares of the company’s stock, valued at approximately $1,327,980.92. This trade represents a 308.32% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.80% of the stock is owned by company insiders.

NIKE Price Performance

Shares of NKE opened at $64.11 on Friday. The stock has a market cap of $94.77 billion, a PE ratio of 32.88, a price-to-earnings-growth ratio of 2.41 and a beta of 1.29. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $82.44. The firm has a fifty day moving average price of $68.50 and a 200 day moving average price of $68.65. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.45.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.22. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The business had revenue of $11.72 billion during the quarter, compared to the consensus estimate of $10.96 billion. During the same period in the prior year, the company earned $0.70 earnings per share. The company’s revenue was up 1.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on NKE. UBS Group set a $71.00 price target on NIKE and gave the stock a “neutral” rating in a research report on Friday, September 19th. Citigroup upgraded NIKE from a “neutral” rating to a “positive” rating in a research note on Friday, September 19th. Sanford C. Bernstein reiterated a “buy” rating and issued a $90.00 price objective on shares of NIKE in a report on Monday, October 13th. Zacks Research raised shares of NIKE from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 26th. Finally, Wells Fargo & Company upgraded shares of NIKE from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $60.00 to $75.00 in a report on Thursday. Three analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $82.72.

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.