Capitol Family Office Inc. Has $2.57 Million Stock Position in NIKE, Inc. $NKE

Capitol Family Office Inc. decreased its stake in shares of NIKE, Inc. (NYSE:NKE) by 11.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 36,238 shares of the footwear maker’s stock after selling 4,623 shares during the quarter. NIKE accounts for about 3.4% of Capitol Family Office Inc.’s investment portfolio, making the stock its 6th biggest position. Capitol Family Office Inc.’s holdings in NIKE were worth $2,574,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in NKE. Mascoma Wealth Management LLC bought a new position in NIKE during the 2nd quarter valued at about $26,000. Stone House Investment Management LLC bought a new stake in NIKE during the first quarter worth about $25,000. Halbert Hargrove Global Advisors LLC increased its holdings in shares of NIKE by 952.6% during the second quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock worth $28,000 after buying an additional 362 shares in the last quarter. Matrix Trust Co increased its holdings in shares of NIKE by 53.1% during the second quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock worth $31,000 after buying an additional 153 shares in the last quarter. Finally, Saudi Central Bank bought a new position in shares of NIKE in the first quarter valued at approximately $30,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Activity at NIKE

In other news, EVP Treasure Heinle sold 4,300 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $71.27, for a total value of $306,461.00. Following the transaction, the executive vice president owned 29,396 shares of the company’s stock, valued at $2,095,052.92. This represents a 12.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 86,078 shares of the firm’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $75.93, for a total value of $6,535,902.54. Following the completion of the transaction, the chairman owned 744,988 shares in the company, valued at $56,566,938.84. This represents a 10.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.80% of the company’s stock.

NIKE Price Performance

NIKE stock opened at $61.04 on Friday. The business’s 50-day simple moving average is $69.65 and its 200 day simple moving average is $68.44. The company has a quick ratio of 1.45, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The stock has a market cap of $90.22 billion, a price-to-earnings ratio of 31.30, a P/E/G ratio of 2.41 and a beta of 1.29. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $82.44.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.22. The firm had revenue of $11.72 billion during the quarter, compared to analysts’ expectations of $10.96 billion. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 EPS. As a group, research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. The Goldman Sachs Group set a $85.00 price target on NIKE and gave the stock a “buy” rating in a research report on Thursday, September 25th. Barclays set a $70.00 price objective on NIKE and gave the stock a “positive” rating in a research note on Wednesday, October 1st. Citigroup upgraded NIKE from a “neutral” rating to a “positive” rating in a report on Friday, September 19th. Cowen raised NIKE from a “hold” rating to a “buy” rating in a report on Wednesday, September 10th. Finally, BTIG Research initiated coverage on shares of NIKE in a research report on Tuesday, October 14th. They set a “buy” rating and a $100.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, NIKE presently has an average rating of “Moderate Buy” and an average price target of $82.21.

NIKE Company Profile

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.