Published: Sun, January 14, 2018
Business | By Tara Barton

How Have Institutional Investors Been Trading NIKE, Inc. (NKE)?

That value represents a market adjusting for revenues that have been growing by 4.57 % on a quarterly year/year basis as of the company's last quarterly report. 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. About 343,535 shares traded. It has underperformed by 25.94% the S&P500.

Argentiere Capital Ag decreased its stake in Nike Inc (NKE) by 58.8% based on its latest 2017Q3 regulatory filing with the SEC. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker's stock worth $149,000 after acquiring an additional 1,209 shares in the last quarter.

The stock decreased 1.29% or $0.64 during the last trading session, reaching $48.97. About 1.47M shares traded. It has underperformed by 1.13% the S&P500.

Investors sentiment decreased to 1.17 in Q3 2017. It dived, as 26 investors sold IT shares while 114 reduced holdings. Exane Derivatives owns 35,687 shares. 14,825 were reported by Franklin Street Advsr Nc. The stock had a trading volume of 2,346,969 shares, compared to its average volume of 8,448,600. Lloyds Banking Gru Public Ltd Com owns 817 shares. Commonwealth Comml Bank Of Aus reported 522,431 shares. Loring Wolcott Coolidge Fiduciary Limited Liability Partnership Ma holds 0.9% or 901,736 shares in its portfolio. Janus Capital Management LLC increased its stake in shares of Nike by 14.4% in the second quarter. Great West Life Assurance Can stated it has 0.35% of its portfolio in NIKE, Inc. Estabrook Cap Mgmt holds 0.43% or 53,087 shares. Invesco Ltd reported 0.05% of its portfolio in NIKE, Inc. Assetmark owns 4,956 shares or 0% of their U.S. portfolio. (NYSE:RHT). Brown Advisory owns 0.14% invested in Red Hat, Inc. Ameriprise Fincl Incorporated, Minnesota-based fund reported 305,465 shares. The firm has "Hold" rating by Cowen & Co given on Wednesday, October 11. Therefore 20% are positive. Snap-on had 26 analyst reports since August 20, 2015 according to SRatingsIntel. As per Tuesday, September 19, the company rating was maintained by Wells Fargo. The firm has "Buy" rating by M Partners given on Thursday, March 23. Barrington has "Buy" rating and $185.0 target. Citigroup reissued a buy rating and set a $65.00 price objective (down previously from $67.00) on shares of Nike in a research note on Wednesday, September 27th. Robert W. Baird has "Buy" rating and $74.0 target. Benjamin F Edwards And, a Missouri-based fund reported 10,672 shares. The rating was maintained by Cowen & Co with "Hold" on Friday, August 4. The company was maintained on Friday, September 25 by Deutsche Bank. It also increased its holding in United Therapeutics Corp Del (NASDAQ:UTHR) by 38,195 shares in the quarter, for a total of 116,152 shares, and has risen its stake in Monsanto Co New (NYSE:MON). During the same period in the previous year, the company earned $0.50 EPS. analysts expect that Nike will post 2.25 EPS for the current year. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and twenty-two have given a buy rating to the company. Therefore 52% are positive.

According to NIKE, Inc.

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On the heels of last month's earnings results, Nike stock looks in good position to move higher in 2018. Nomura has "Buy" rating and $60 target. Vetr cut Nike from a "strong-buy" rating to a "buy" rating and set a $59.57 price objective on the a research note on Monday, September 4th. As per Wednesday, December 28, the company rating was maintained by Credit Suisse. Wedbush maintained the stock with "Neutral" rating in Thursday, March 23 report. The rating was downgraded by Argus Research to "Hold" on Tuesday, April 4. Barclays Capital maintained Gartner, Inc. (NYSE:NKE) on Tuesday, December 19 with "Buy" rating. (NASDAQ:MAR) has "Market Perform" rating given on Thursday, November 16 by Bernstein. The stock has "Buy" rating by Goldman Sachs on Wednesday, December 2. As per Monday, September 28, the company rating was maintained by S&P Research. The stock of NIKE, Inc. (NYSE:NKE) has "Hold" rating given on Tuesday, September 22 by Canaccord Genuity.

Investors sentiment increased to 1.85 in 2017 Q3. Its up 0.25, from 1.1 in 2017Q2. (NKE)'s shares. The total value of these holdings, in millions, is $66,829.

Several institutional investors and hedge funds have recently made changes to their positions in the company. 985.62 million shares or 0.88% less from 994.42 million shares in 2017Q2 were reported. Bancorpsouth holds 0.03% or 5,129 shares in its portfolio. Orrstown Services invested in 0.78% or 13,411 shares. Hap Trading Ltd Llc reported 21,809 shares. Suncoast Equity Mgmt has invested 3.42% in NIKE, Inc. On Friday, December 15 the insider PARKER MARK G sold $8.78 million. Following the transaction, the executive vice president now owns 268,169 shares of the company's stock, valued at $16,918,782.21. Northern Trust Corp now owns 21,502,892 shares of the footwear maker's stock valued at $1,268,671,000 after purchasing an additional 1,344,638 shares during the last quarter. Ally has invested 1.14% in NIKE, Inc. Moreover, Kingfisher Cap has 0.58% invested in NIKE, Inc. (NKE) most recent 13F filing, the company has 65 new institutional holders - accounting for 3.98 million shares of its common stock. Mogy Joel R Counsel stated it has 123,201 shares or 1.06% of all its holdings.

At just over two years into a correction of almost 30%, Nike stock appears to be putting together the finishing touches on a bullish cup-shaped base with a well-placed, tight handle consolidation. Following the completion of the sale, the chief operating officer now directly owns 165,591 shares in the company, valued at approximately $10,448,792.10.

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