NIKE, Inc. (NYSE:NKE) Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC lowered its position in shares of NIKE, Inc. (NYSE:NKE) by 88.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,594 shares of the footwear maker’s stock after selling 12,444 shares during the quarter. Venturi Wealth Management LLC’s holdings in NIKE were worth $141,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Koshinski Asset Management Inc. bought a new stake in NIKE during the first quarter worth approximately $713,000. Kingsview Wealth Management LLC grew its holdings in shares of NIKE by 17.3% in the 1st quarter. Kingsview Wealth Management LLC now owns 63,978 shares of the footwear maker’s stock worth $6,013,000 after acquiring an additional 9,418 shares during the last quarter. Blair William & Co. IL raised its position in shares of NIKE by 4.1% during the first quarter. Blair William & Co. IL now owns 379,806 shares of the footwear maker’s stock worth $35,694,000 after purchasing an additional 14,934 shares during the period. Orion Portfolio Solutions LLC lifted its holdings in shares of NIKE by 14.0% during the first quarter. Orion Portfolio Solutions LLC now owns 73,071 shares of the footwear maker’s stock valued at $6,867,000 after purchasing an additional 8,947 shares during the last quarter. Finally, Brighton Jones LLC boosted its position in shares of NIKE by 6.4% in the 1st quarter. Brighton Jones LLC now owns 202,691 shares of the footwear maker’s stock valued at $19,049,000 after purchasing an additional 12,116 shares during the period. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Trading Down 0.2 %

NYSE:NKE opened at $76.51 on Thursday. The company’s 50 day moving average is $81.16 and its 200-day moving average is $83.49. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 12 month low of $70.75 and a 12 month high of $123.39. The firm has a market cap of $114.72 billion, a price-to-earnings ratio of 21.92, a P/E/G ratio of 1.86 and a beta of 1.03.

NIKE (NYSE:NKE) last announced its earnings results on Tuesday, October 1st. The footwear maker reported $0.70 EPS for the quarter, topping the consensus estimate of $0.52 by $0.18. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The firm had revenue of $11.59 billion for the quarter, compared to the consensus estimate of $11.64 billion. During the same quarter last year, the firm posted $0.94 EPS. The business’s quarterly revenue was down 10.4% on a year-over-year basis. Equities analysts anticipate that NIKE, Inc. will post 2.74 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on NKE shares. Wells Fargo & Company boosted their price objective on NIKE from $86.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. Barclays cut their price target on shares of NIKE from $84.00 to $81.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 2nd. Guggenheim lowered their price objective on shares of NIKE from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, October 2nd. Bank of America reduced their target price on NIKE from $104.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, October 2nd. Finally, UBS Group lifted their price target on NIKE from $78.00 to $82.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Fourteen research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $96.48.

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.