Invesco LLC Has $996,000 Holdings in NIKE, Inc. (NYSE:NKE)

Invesco LLC decreased its position in shares of NIKE, Inc. (NYSE:NKE) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,269 shares of the footwear maker’s stock after selling 246 shares during the quarter. Invesco LLC’s holdings in NIKE were worth $996,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NKE. Transcendent Capital Group LLC lifted its stake in NIKE by 97.6% in the first quarter. Transcendent Capital Group LLC now owns 405 shares of the footwear maker’s stock valued at $38,000 after buying an additional 200 shares during the period. VitalStone Financial LLC grew its holdings in NIKE by 52.6% in the third quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock worth $38,000 after purchasing an additional 150 shares during the period. Bruce G. Allen Investments LLC increased its stake in NIKE by 272.5% in the second quarter. Bruce G. Allen Investments LLC now owns 514 shares of the footwear maker’s stock valued at $39,000 after purchasing an additional 376 shares in the last quarter. Triad Wealth Partners LLC acquired a new position in shares of NIKE during the second quarter valued at about $44,000. Finally, MFA Wealth Advisors LLC bought a new position in shares of NIKE during the 2nd quarter worth about $46,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NKE shares. Deutsche Bank Aktiengesellschaft dropped their price target on NIKE from $95.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, October 2nd. TD Cowen increased their target price on NIKE from $71.00 to $78.00 and gave the stock a “hold” rating in a report on Wednesday, October 2nd. Guggenheim decreased their price target on shares of NIKE from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, October 2nd. Royal Bank of Canada dropped their price objective on shares of NIKE from $85.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 2nd. Finally, Telsey Advisory Group decreased their target price on shares of NIKE from $100.00 to $96.00 and set an “outperform” rating for the company in a research report on Wednesday, October 2nd. Fourteen investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $96.56.

Insider Buying and Selling at NIKE

In other news, Chairman Mark G. Parker sold 52,487 shares of the firm’s stock in a transaction 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

NIKE Stock Performance

Shares of NYSE NKE traded up $0.93 during trading on Friday, reaching $78.06. 9,623,692 shares of the stock traded hands, compared to its average volume of 11,584,282. The company has a 50-day moving average of $82.12 and a 200-day moving average of $84.51. NIKE, Inc. has a 52-week low of $70.75 and a 52-week high of $123.39. The stock has a market capitalization of $117.04 billion, a P/E ratio of 22.37, a price-to-earnings-growth ratio of 1.86 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58.

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 the consensus estimate of $11.64 billion. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The company’s revenue was down 10.4% on a year-over-year basis. During the same quarter last year, the company earned $0.94 earnings per share. Analysts forecast that NIKE, Inc. will post 2.74 EPS for the current fiscal year.

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.