3,729 Shares in NIKE, Inc. (NYSE:NKE) Bought by Coppell Advisory Solutions Corp.

Coppell Advisory Solutions Corp. purchased a new stake in shares of NIKE, Inc. (NYSE:NKE) during the 1st quarter, HoldingsChannel reports. The firm purchased 3,729 shares of the footwear maker’s stock, valued at approximately $350,000.

A number of other hedge funds have also modified their holdings of NKE. Iron Horse Wealth Management LLC raised its stake in shares of NIKE by 120.7% during the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after buying an additional 140 shares during the last quarter. Annapolis Financial Services LLC boosted its stake in shares of NIKE by 440.0% during the 1st quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock worth $25,000 after acquiring an additional 220 shares in the last quarter. True Wealth Design LLC lifted its position in shares of NIKE by 106.4% during the 4th quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock valued at $32,000 after buying an additional 150 shares in the last quarter. Core Wealth Advisors Inc. boosted its holdings in NIKE by 408.5% in the 4th quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker’s stock worth $33,000 after buying an additional 241 shares during the last quarter. Finally, Frank Rimerman Advisors LLC acquired a new stake in shares of NIKE in the fourth quarter valued at about $33,000. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Stock Down 1.4 %

Shares of NKE traded down $1.08 during midday trading on Thursday, reaching $73.78. 4,931,178 shares of the company were exchanged, compared to its average volume of 11,417,717. The company has a market cap of $111.36 billion, a price-to-earnings ratio of 19.88, a P/E/G ratio of 1.94 and a beta of 1.01. NIKE, Inc. has a 1-year low of $70.91 and a 1-year high of $123.39. The stock has a 50-day moving average price of $84.42 and a 200-day moving average price of $93.04. The company has a current ratio of 2.40, a quick ratio of 1.69 and a debt-to-equity ratio of 0.55.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, June 27th. The footwear maker reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.16. NIKE had a net margin of 11.10% and a return on equity of 42.63%. The business had revenue of $12.60 billion during the quarter, compared to analyst estimates of $12.86 billion. During the same period last year, the business earned $0.66 EPS. The business’s revenue was down 1.6% on a year-over-year basis. Research analysts expect that NIKE, Inc. will post 3.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

NKE has been the topic of a number of analyst reports. Evercore ISI reduced their price objective on NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday, June 28th. HSBC lowered their target price on shares of NIKE from $100.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, June 28th. Jefferies Financial Group reduced their price target on shares of NIKE from $90.00 to $80.00 in a research note on Friday, July 12th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of NIKE from $115.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Finally, Bank of America decreased their price target on NIKE from $113.00 to $104.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $96.30.

Insider Buying and Selling

In related news, Chairman Mark G. Parker sold 168,378 shares of NIKE stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the sale, the chairman now directly owns 1,102,090 shares in the company, valued at $102,648,662.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Monique S. Matheson sold 45,000 shares of NIKE stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total value of $4,237,200.00. Following the transaction, the executive vice president now directly owns 44,997 shares in the company, valued at $4,236,917.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Mark G. Parker sold 168,378 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the transaction, the chairman now directly owns 1,102,090 shares in the company, valued at approximately $102,648,662.60. The disclosure for this sale can be found here. Insiders have sold 323,660 shares of company stock worth $27,973,033 over the last ninety days. 0.50% of the stock is owned by insiders.

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.