First National Bank of Omaha Lowers Stake in Nike Inc (NKE)

First National Bank of Omaha lessened its holdings in Nike Inc (NYSE:NKE) by 2.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 93,512 shares of the footwear maker’s stock after selling 2,120 shares during the period. First National Bank of Omaha’s holdings in Nike were worth $7,923,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp lifted its position in Nike by 4.8% during the second quarter. Bank of New York Mellon Corp now owns 27,940,846 shares of the footwear maker’s stock valued at $2,226,327,000 after acquiring an additional 1,273,548 shares during the last quarter. Northern Trust Corp lifted its position in Nike by 0.3% during the second quarter. Northern Trust Corp now owns 20,669,184 shares of the footwear maker’s stock valued at $1,646,920,000 after acquiring an additional 64,030 shares during the last quarter. FMR LLC lifted its position in Nike by 1.4% during the second quarter. FMR LLC now owns 15,661,001 shares of the footwear maker’s stock valued at $1,247,869,000 after acquiring an additional 219,743 shares during the last quarter. Edgewood Management LLC lifted its position in Nike by 2.6% during the second quarter. Edgewood Management LLC now owns 15,500,497 shares of the footwear maker’s stock valued at $1,235,080,000 after acquiring an additional 388,901 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in Nike by 26.5% during the second quarter. Jennison Associates LLC now owns 14,740,623 shares of the footwear maker’s stock valued at $1,174,533,000 after acquiring an additional 3,087,189 shares during the last quarter. 64.35% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently commented on the stock. Wedbush increased their target price on shares of Nike from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, September 10th. Morgan Stanley reissued a “buy” rating and set a $88.00 target price on shares of Nike in a research report on Wednesday, September 12th. Wells Fargo & Co set a $82.00 target price on shares of Nike and gave the company a “neutral” rating in a research report on Monday, August 6th. Telsey Advisory Group increased their target price on shares of Nike from $87.00 to $92.00 and gave the company an “outperform” rating in a research report on Tuesday, September 18th. Finally, B. Riley reissued a “neutral” rating and set a $84.00 target price (up previously from $76.00) on shares of Nike in a research report on Wednesday, September 19th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $85.63.

In other news, EVP Monique S. Matheson sold 17,000 shares of the stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $83.15, for a total value of $1,413,550.00. Following the sale, the executive vice president now owns 104,737 shares in the company, valued at $8,708,881.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Johnathan A. Rodgers sold 16,000 shares of the stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $85.05, for a total transaction of $1,360,800.00. Following the completion of the sale, the director now owns 26,963 shares in the company, valued at approximately $2,293,203.15. The disclosure for this sale can be found here. Insiders sold 50,000 shares of company stock worth $4,219,350 in the last quarter. Company insiders own 3.90% of the company’s stock.

NYSE:NKE opened at $76.36 on Friday. The firm has a market capitalization of $121.60 billion, a PE ratio of 31.55, a price-to-earnings-growth ratio of 2.39 and a beta of 0.77. Nike Inc has a 1-year low of $55.08 and a 1-year high of $86.04. The company has a current ratio of 2.31, a quick ratio of 1.53 and a debt-to-equity ratio of 0.39.

Nike (NYSE:NKE) last released its quarterly earnings data on Tuesday, September 25th. The footwear maker reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.04. The firm had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.92 billion. Nike had a net margin of 5.57% and a return on equity of 40.69%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 earnings per share. Research analysts predict that Nike Inc will post 2.62 EPS for the current fiscal year.

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Nike Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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