Missouri Trust & Investment Co Has $1.65 Million Holdings in NIKE, Inc. (NYSE:NKE)

Missouri Trust & Investment Co boosted its stake in shares of NIKE, Inc. (NYSE:NKE) by 10.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,604 shares of the footwear maker’s stock after buying an additional 1,779 shares during the period. Missouri Trust & Investment Co’s holdings in NIKE were worth $1,645,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NKE. Avantax Advisory Services Inc. boosted its position in NIKE by 9.1% during the first quarter. Avantax Advisory Services Inc. now owns 45,307 shares of the footwear maker’s stock worth $4,258,000 after purchasing an additional 3,788 shares during the period. Entropy Technologies LP acquired a new stake in shares of NIKE in the first quarter worth $4,560,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of NIKE by 8.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,461,877 shares of the footwear maker’s stock worth $231,367,000 after acquiring an additional 189,896 shares during the last quarter. Koshinski Asset Management Inc. bought a new position in NIKE in the first quarter worth $713,000. Finally, Jacobson & Schmitt Advisors LLC lifted its position in NIKE by 6.9% in the first quarter. Jacobson & Schmitt Advisors LLC now owns 104,800 shares of the footwear maker’s stock worth $9,849,000 after purchasing an additional 6,777 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Activity

In other 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 sale, the chairman now owns 1,031,226 shares of the company’s stock, valued at approximately $80,435,628. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on NKE shares. Stifel Nicolaus lowered their target price on NIKE from $88.00 to $79.00 and set a “hold” rating for the company in a research note on Monday, August 26th. Wells Fargo & Company raised their target price on NIKE from $86.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. Deutsche Bank Aktiengesellschaft lowered their price objective on NIKE from $95.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, October 2nd. Telsey Advisory Group lowered their price objective on NIKE from $100.00 to $96.00 and set an “outperform” rating for the company in a research report on Wednesday, October 2nd. Finally, Barclays lowered their price objective on NIKE from $84.00 to $81.00 and set an “equal weight” 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $96.48.

NIKE Trading Up 0.3 %

NIKE stock traded up $0.26 during trading hours on Tuesday, hitting $76.86. The stock had a trading volume of 1,648,914 shares, compared to its average volume of 11,485,432. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.57. The stock has a market cap of $115.24 billion, a price-to-earnings ratio of 21.95, a P/E/G ratio of 1.84 and a beta of 1.03. NIKE, Inc. has a one year low of $70.75 and a one year high of $123.39. The business’s 50 day simple moving average is $81.25 and its 200-day simple moving average is $83.61.

NIKE (NYSE:NKE) 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 analysts predict 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.