NIKE, Inc. (NYSE:NKE) Holdings Lifted by EagleClaw Capital Managment LLC

Key Points

• EagleClaw Capital Management LLC increased its holdings in NIKE by 7.5%, making it the fund's third-largest position, with shares valued at approximately $25.96 million.
• Institutional investors own around 64.25% of NIKE's stock, indicating strong institutional interest, with multiple firms making significant changes to their positions.
• Recent analyst updates have varied, with Goldman Sachs raising NIKE's price target from $72.00 to $81.00 and a consensus rating of "Moderate Buy" reflecting a positive outlook.

EagleClaw Capital Managment LLC grew its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 7.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 408,933 shares of the footwear maker's stock after buying an additional 28,567 shares during the period. NIKE accounts for 4.1% of EagleClaw Capital Managment LLC's investment portfolio, making the stock its 3rd largest position. EagleClaw Capital Managment LLC's holdings in NIKE were worth $25,959,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new stake in shares of NIKE during the 4th quarter valued at $28,000. EnRich Financial Partners LLC raised its stake in shares of NIKE by 196.4% during the 4th quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock valued at $31,000 after purchasing an additional 273 shares during the period. Roxbury Financial LLC raised its stake in shares of NIKE by 52.1% during the 1st quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker's stock valued at $37,000 after purchasing an additional 201 shares during the period. N.E.W. Advisory Services LLC bought a new stake in shares of NIKE during the 1st quarter valued at $37,000. Finally, Ritter Daniher Financial Advisory LLC DE raised its stake in shares of NIKE by 95.1% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 513 shares of the footwear maker's stock valued at $39,000 after purchasing an additional 250 shares during the period. Hedge funds and other institutional investors own 64.25% of the company's stock.

Insider Buying and Selling

In related news, Chairman Mark G. Parker sold 110,000 shares of the firm's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total value of $7,951,900.00. Following the completion of the sale, the chairman owned 842,361 shares of the company's stock, valued at $60,894,276.69. This trade represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NKE has been the topic of a number of analyst reports. The Goldman Sachs Group boosted their price objective on NIKE from $72.00 to $81.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Williams Trading decreased their price objective on NIKE from $93.00 to $73.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Piper Sandler boosted their price objective on NIKE from $70.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, June 27th. Robert W. Baird upped their target price on NIKE from $80.00 to $88.00 and gave the stock an "outperform" rating in a research note on Friday, June 27th. Finally, Evercore ISI decreased their target price on NIKE from $97.00 to $75.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 24th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, NIKE currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.22.

NIKE Price Performance

Shares of NIKE stock opened at $74.65 on Friday. The company's fifty day simple moving average is $68.07 and its two-hundred day simple moving average is $67.51. The firm has a market cap of $110.25 billion, a PE ratio of 34.56, a price-to-earnings-growth ratio of 2.79 and a beta of 1.25. The company has a quick ratio of 1.50, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $90.62.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. NIKE had a return on equity of 23.33% and a net margin of 6.95%. The business had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.69 billion. During the same quarter in the prior year, the company posted $0.99 EPS. NIKE's quarterly revenue was down 11.9% compared to the same quarter last year. As a group, equities analysts expect that NIKE, Inc. will post 2.05 EPS for the current 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.

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