Consilium Wealth Advisory LLC Acquires New Position in NIKE, Inc. (NYSE:NKE)

Consilium Wealth Advisory LLC acquired a new stake in NIKE, Inc. (NYSE:NKE) in the third quarter, HoldingsChannel.com reports. The fund acquired 2,419 shares of the footwear maker’s stock, valued at approximately $214,000.

A number of other institutional investors have also bought and sold shares of the business. Cordatus Wealth Management LLC lifted its position in NIKE by 19.5% during the third quarter. Cordatus Wealth Management LLC now owns 41,510 shares of the footwear maker’s stock worth $3,669,000 after buying an additional 6,778 shares in the last quarter. Bristlecone Advisors LLC raised its holdings in shares of NIKE by 14.3% during the 3rd quarter. Bristlecone Advisors LLC now owns 93,521 shares of the footwear maker’s stock worth $8,267,000 after acquiring an additional 11,665 shares during the period. Farmers & Merchants Investments Inc. boosted its position in shares of NIKE by 44.8% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 194,101 shares of the footwear maker’s stock valued at $17,159,000 after acquiring an additional 60,008 shares during the last quarter. Lafayette Investments Inc. grew its holdings in shares of NIKE by 90.7% in the third quarter. Lafayette Investments Inc. now owns 46,097 shares of the footwear maker’s stock valued at $4,075,000 after purchasing an additional 21,922 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in shares of NIKE by 86.0% in the first quarter. Advisors Asset Management Inc. now owns 20,957 shares of the footwear maker’s stock valued at $1,970,000 after purchasing an additional 9,689 shares during the period. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Stock Down 2.1 %

NYSE NKE traded down $1.62 during trading on Wednesday, reaching $76.36. 3,182,210 shares of the company’s stock were exchanged, compared to its average volume of 11,494,333. The company has a 50 day moving average price of $81.83 and a two-hundred day moving average price of $84.13. The stock has a market cap of $114.49 billion, a P/E ratio of 22.35, a price-to-earnings-growth ratio of 1.90 and a beta of 1.03. NIKE, Inc. has a 1 year low of $70.75 and a 1 year high of $123.39. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 2.36.

NIKE (NYSE:NKE) last posted its earnings results on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.18. The firm had revenue of $11.59 billion during the quarter, compared to analysts’ expectations of $11.64 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The firm’s revenue was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 earnings per share. On average, equities research analysts anticipate that NIKE, Inc. will post 2.74 EPS for the current fiscal year.

Insider Activity

In related news, Chairman Mark G. Parker sold 52,487 shares of NIKE stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the sale, the chairman now directly owns 1,031,226 shares in the company, valued at $80,435,628. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NKE shares. Williams Trading upgraded shares of NIKE from a “sell” rating to a “buy” rating and boosted their target price for the company from $67.00 to $93.00 in a report on Friday, August 16th. Stifel Nicolaus decreased their price objective on NIKE from $88.00 to $79.00 and set a “hold” rating on the stock in a report on Monday, August 26th. Morgan Stanley increased their price objective on NIKE from $79.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Daiwa America downgraded NIKE from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Finally, Bank of America lowered their price target on NIKE from $104.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, October 2nd. Fourteen investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $96.56.

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.