SpiderRock Advisors LLC Has $4.90 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

SpiderRock Advisors LLC grew its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 22.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,402 shares of the footwear maker's stock after purchasing an additional 10,066 shares during the quarter. SpiderRock Advisors LLC's holdings in NIKE were worth $4,898,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Transcendent Capital Group LLC increased its holdings in shares of NIKE by 97.6% during the 1st quarter. Transcendent Capital Group LLC now owns 405 shares of the footwear maker's stock worth $38,000 after acquiring an additional 200 shares during the last quarter. VitalStone Financial LLC increased its holdings in shares of NIKE by 52.6% during the 3rd quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker's stock worth $38,000 after acquiring an additional 150 shares during the last quarter. Bruce G. Allen Investments LLC increased its holdings in shares of NIKE by 272.5% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 514 shares of the footwear maker's stock worth $39,000 after acquiring an additional 376 shares during the last quarter. Triad Wealth Partners LLC acquired a new position in shares of NIKE during the 2nd quarter worth approximately $44,000. Finally, MFA Wealth Advisors LLC acquired a new position in shares of NIKE during the 2nd quarter worth approximately $46,000. Institutional investors and hedge funds own 64.25% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on NKE. Morgan Stanley boosted their target price on NIKE from $79.00 to $82.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 25th. Robert W. Baird upped their price objective on NIKE from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, September 20th. Bank of America decreased their price objective on NIKE from $104.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, October 2nd. Evercore ISI decreased their price objective on NIKE from $110.00 to $105.00 and set an "outperform" rating on the stock in a report on Wednesday, October 2nd. Finally, 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. Fourteen investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, NIKE has a consensus rating of "Moderate Buy" and an average price target of $96.48.

NIKE Price Performance

Shares of NKE stock traded down $0.04 on Friday, hitting $75.88. 8,140,788 shares of the company's stock were exchanged, compared to its average volume of 9,333,267. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58. The stock has a market cap of $113.77 billion, a P/E ratio of 21.74, a price-to-earnings-growth ratio of 1.83 and a beta of 1.03. NIKE, Inc. has a 12 month low of $70.75 and a 12 month high of $123.39. The company has a 50 day moving average of $81.39 and a 200 day moving average of $83.88.

NIKE (NYSE:NKE - Get Free Report) last posted its earnings results on Tuesday, October 1st. The footwear maker reported $0.70 EPS for the quarter, beating 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 return on equity of 39.84% and a net margin of 10.60%. The business's quarterly revenue was down 10.4% on a year-over-year basis. During the same period last year, the company earned $0.94 earnings per share. On average, equities research analysts predict that NIKE, Inc. will post 2.74 EPS for the current year.

Insider Buying and Selling at NIKE

In other NIKE news, Chairman Mark G. Parker sold 52,487 shares of the stock in a transaction dated 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 in the company, valued at approximately $80,435,628. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.10% of the company's stock.

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.