Published: Sat, January 13, 2018
Business | By Tara Barton

Nike (NYSE:NKE) PT Raised to $71.00


Vanguard Group Inc. now owns 99,605,408 shares of the footwear maker's stock worth $5,876,718,000 after buying an additional 2,452,993 shares during the last quarter. Capital World Investors now owns 21,779,409 shares of the footwear maker's stock worth $1,284,985,000 after acquiring an additional 8,058,601 shares during the last quarter. Jacobson & Schmitt Advisors Llc who had been investing in Nike Inc for a number of months, seems to be bullish on the $104.41 billion market cap company.

Shares of Nike (NKE) traded down $0.46 on Thursday, hitting $64.09.

NIKE, Inc. (NYSE:NKE) has a current MF Rank of 4873. It has underperformed by 25.94% the S&P500.

According to NIKE, Inc.'s latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 80.48%. The hedge fund held 535,000 shares of the major banks company at the end of 2017Q3, valued at $68.50M, up from 240,000 at the end of the previous reported quarter. Southeast Asset Advisors Inc who had been investing in Gartner Inc for a number of months, seems to be bullish on the $11.62 billion market cap company. Morgan Stanley now owns 22,764,806 shares of the footwear maker's stock valued at $1,198,567,000 after buying an additional 2,090,700 shares during the period. Gartner, Inc. (NYSE:IT) has risen 15.57% since January 11, 2017 and is uptrending. It has underperformed by 12.23% the S&P500. If the ratio is greater than 1, then that means there has been an increase in price over the month. Its down 0.20, from 1 in 2017Q2. Capital World Investors lifted its holdings in shares of Nike by 58.7% during the 2nd quarter. 66 funds opened positions while 180 raised stakes. In the last 90 days, insiders have sold 967,896 shares of company stock valued at $60,257,267. 14,825 were reported by Franklin Street Advsr Nc. Eaton Vance Mgmt accumulated 5.25 million shares. Zevin Asset Limited Company invested in 0.12% or 9,900 shares. Commonwealth Comml Bank Of Aus reported 522,431 shares. (NYSE:IT). Adage Prtn Group Inc Ltd Liability has 127,700 shares for 0.04% of their portfolio. Goldman Sachs Gp reported 0.13% stake. Sun Life Fincl has 0.05% invested in NIKE, Inc. Estabrook Cap Mgmt holds 0.43% or 53,087 shares. Lord Abbett Ltd owns 557,100 shares or 0.08% of their United States portfolio. Bank of New York Mellon Corp increased its stake in shares of Nike by 0.5% in the third quarter. (NYSE:NKE) has a Shareholder Yield of 0.032973 and a Shareholder Yield (Mebane Faber) of 0.01524.

Among 9 analysts covering Snap-on (NYSE:SNA), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 74% are positive. Gartner Inc had 36 analyst reports since August 3, 2015 according to SRatingsIntel. The company was maintained on Friday, September 25 by Deutsche Bank. Brean Capital has "Buy" rating and $62 target. The firm has "Hold" rating by Needham given on Wednesday, September 27. The firm earned "Outperform" rating on Thursday, June 22 by Telsey Advisory Group. Finally, Janus Henderson Group PLC increased its holdings in shares of Nike by 4,252.6% during the 2nd quarter. KeyBanc Capital Markets reinitiated it with "Overweight" rating and $121 target in Friday, September 8 report. The brokerage now has a "hold" rating on the footwear maker's stock. About 2.92 million shares traded. (NYSE:NKE), 23 have Buy rating, 2 Sell and 19 Hold. Therefore 55% are positive.

According to 37 stock analysts, NIKE, Inc., is being kept at an average Outperform, rating, with at least 3.07% of shares outstanding that are now legally short sold. The rating was maintained by Credit Suisse with "Outperform" on Wednesday, December 28. Barclays Capital has "Overweight" rating and $125 target. The firm earned "Buy" rating on Friday, June 30 by Jefferies. As per Friday, September 23, the company rating was initiated by CapitalOne.

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NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. On Monday, September 21 the stock rating was maintained by Mizuho with "Buy". The ex-dividend date of this dividend was Thursday, December 1st. As per Wednesday, July 20, the company rating was maintained by RBC Capital Markets. Nike has a 12-month low of $50.35 and a 12-month high of $65.18.

Among 34 analysts covering Red Hat (NYSE:RHT), 25 have Buy rating, 1 Sell and 8 Hold.

Investors sentiment decreased to 0.8 in Q3 2017. Its down 0.50, from 1.67 in 2017Q2.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Analysts are forecasting earnings of $0.52 on a per share basis this quarter. Fmr Lc invested 0.17% in Red Hat, Inc. Alexandria Ltd Llc invested in 0.96% or 73,737 shares. The return on assets stands at 18.3%, Return on Equity now is 34.3% and the Return on Investment value is 25.3%. Of those transactions, there were 598,589 shares of NKE bought and 5.61 million shares sold. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker's stock worth $137,000 after buying an additional 2,329 shares during the period. Morgan Stanley maintained Marriott International, Inc. It also reduced its holding in Campbell Soup Co (NYSE:CPB) by 63,712 shares in the quarter, leaving it with 30,000 shares, and cut its stake in U S Silica Hldgs Inc (NYSE:SLCA). The Price Range of NIKE, Inc.

One combination of interest is the April $65/$70/$75 call butterfly for $1.00 and roughly just 1.50% of the risk associated with holding shares of Nike. Augustine Asset Management reported 59,206 shares or 1.96% of all its holdings. (NYSE:NKE). Spf Beheer Bv has invested 2.71% in NIKE, Inc. Kornitzer Capital Management Incorporated Ks owns 103,215 shares. (NYSE:RHT) or 517,474 shares.

Since August 11, 2017, it had 0 buys, and 17 insider sales for $28.13 million activity. The insider, SLUSHER JOHN F, now holds 168,169 shares of NKE. 10,000 shares were sold by Matheson Monique S., worth $650,000.

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