Nike Inc (NKE) Shares Bought by Northwest Quadrant Wealth Management LLC

Northwest Quadrant Wealth Management LLC raised its position in shares of Nike Inc (NYSE:NKE) by 26.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,325 shares of the footwear maker’s stock after buying an additional 699 shares during the period. Northwest Quadrant Wealth Management LLC’s holdings in Nike were worth $267,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gemmer Asset Management LLC boosted its holdings in Nike by 54.2% in the fourth quarter. Gemmer Asset Management LLC now owns 427 shares of the footwear maker’s stock valued at $32,000 after purchasing an additional 150 shares during the period. Proffitt & Goodson Inc. purchased a new position in Nike in the fourth quarter valued at $44,000. Ruggie Capital Group boosted its holdings in Nike by 40.7% in the fourth quarter. Ruggie Capital Group now owns 805 shares of the footwear maker’s stock valued at $60,000 after purchasing an additional 233 shares during the period. Quantamental Technologies LLC purchased a new stake in Nike during the 4th quarter worth about $79,000. Finally, Cascade Investment Advisors Inc. lifted its holdings in Nike by 53.3% during the 4th quarter. Cascade Investment Advisors Inc. now owns 1,150 shares of the footwear maker’s stock worth $85,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 66.93% of the company’s stock.

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In other news, EVP John F. Slusher sold 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $74.05, for a total transaction of $14,810,000.00. Following the sale, the executive vice president now owns 284,805 shares of the company’s stock, valued at approximately $21,089,810.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $73.68, for a total value of $11,052,000.00. Following the completion of the sale, the chairman now directly owns 1,687,863 shares in the company, valued at approximately $124,361,745.84. The disclosure for this sale can be found here. Insiders have sold a total of 800,000 shares of company stock worth $61,862,000 in the last three months. Corporate insiders own 3.90% of the company’s stock.

Shares of NYSE:NKE opened at $85.40 on Thursday. The company has a market cap of $134.40 billion, a PE ratio of 35.29, a PEG ratio of 2.54 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.40 and a current ratio of 2.14. Nike Inc has a 12 month low of $63.21 and a 12 month high of $86.04.

Nike (NYSE:NKE) last announced its quarterly earnings results on Thursday, December 20th. The footwear maker reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.06. The business had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.17 billion. Nike had a return on equity of 44.85% and a net margin of 5.66%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.46 EPS. Analysts expect that Nike Inc will post 2.63 EPS for the current fiscal year.

NKE has been the subject of a number of recent analyst reports. Rowe raised Nike from a “sell” rating to an “outperform” rating and set a $100.00 price target for the company in a report on Friday, February 8th. Oppenheimer raised Nike from a “market perform” rating to an “outperform” rating and set a $90.00 price target for the company in a report on Thursday, October 18th. Cowen raised Nike from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $80.00 to $90.00 in a report on Tuesday, January 22nd. Bank of America set a $55.00 price target on Nike and gave the stock a “sell” rating in a report on Sunday, December 23rd. Finally, JPMorgan Chase & Co. set a $85.00 price target on Nike and gave the stock a “buy” rating in a report on Wednesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-five have given a buy rating to the stock. Nike presently has an average rating of “Buy” and an average price target of $84.19.

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Nike Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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