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

How Insiders and Institutions are Trading NIKE, Inc. (NKE)


It has underperformed by 25.94% the S&P500.

Jacobson & Schmitt Advisors Llc increased its stake in Nike Inc (NKE) by 19.9% based on its latest 2017Q3 regulatory filing with the SEC. Stillwater Investment Management LLC now owns 38,305 shares of the footwear maker's stock worth $2,396,000 after buying an additional 800 shares during the last quarter. Catalyst Capital Advisors Llc who had been investing in Marriott Intl Inc New for a number of months, seems to be bullish on the $50.83 billion market cap company. The stock increased 2.59% or $3.6727 during the last trading session, reaching $145.6827. D L Carlson Invest Gru invested in 1.54% or 95,440 shares.

Investors sentiment increased to 1.35 in 2017 Q3. Its down 0.20, from 1 in 2017Q2. 66 funds opened positions while 180 raised stakes. Following the sale, the executive vice president now owns 23,248 shares in the company, valued at approximately $1,441,376. 14,825 were reported by Franklin Street Advsr Nc. (NYSE:NKE). Ledyard Bankshares accumulated 0.91% or 132,622 shares. Gulf Comml Bank (Uk) reported 414,098 shares. Reilly Advisors Ltd Liability Corp holds 0% or 24 shares in its portfolio. Pekin Singer Strauss Asset Il reported 0.06% stake. Retail Bank Of Nova Scotia stated it has 0.01% of its portfolio in Snap-on Incorporated (NYSE:SNA). Liberty Management holds 400 shares. Whittier Trust Of Nevada holds 0.48% or 99,422 shares in its portfolio. California State Teachers Retirement Systems accumulated 0.04% or 144,894 shares.

Eulav Asset Management decreased Wolverine World Wide Inc (WWW) stake by 46.99% reported in 2017Q3 SEC filing. (NYSE:IT). Ledyard National Bank & Trust, a New Hampshire-based fund reported 158 shares.

Among 13 analysts covering Gartner Inc (NYSE:IT), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Evertec had 20 analyst reports since August 14, 2015 according to SRatingsIntel. Finally, Morgan Stanley set a $64.00 price objective on Nike and gave the company a "buy" rating in a report on Monday, September 18th. Barclays Capital has "Overweight" rating and $125 target. The rating was maintained by Robert W. Baird with "Buy" on Tuesday, August 22. The firm has "Hold" rating given on Thursday, December 14 by Wedbush. The firm has "Buy" rating given on Tuesday, June 13 by Credit Suisse. Citigroup upgraded the shares of BMA in report on Monday, May 23 to "Neutral" rating. Finally, FBR & Co reissued a hold rating and set a $53.00 price objective on shares of Nike in a research note on Wednesday, September 27th. The firm has "Hold" rating by Needham given on Wednesday, September 27. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker's stock worth $137,000 after acquiring an additional 2,329 shares in the last quarter. It also upped Facebook Inc (NASDAQ:FB) stake by 11,645 shares and now owns 167,000 shares. Vanguard Group Inc. grew its stake in Nike by 2.5% in the 2nd quarter. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and twenty-two have given a buy rating to the company's stock. Therefore 52% are positive. Plante Moran Financial Advsrs Ltd Co stated it has 0.01% in NIKE, Inc.

Nike (NYSE:NKE) last released its quarterly earnings data on Thursday, December 21st. Nomura has "Buy" rating and $60 target. RBC Capital Markets maintained it with "Outperform" rating and $56 target in Tuesday, October 17 report. The rating was maintained by Instinet on Thursday, March 23 with "Buy". RBC Capital Markets maintained the stock with "Sector Perform" rating in Monday, April 3 report. Argus Research maintained NIKE, Inc. (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. BMO Capital Markets maintained the shares of IT in report on Wednesday, October 4 with "Buy" rating.

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Examining Institutional Ownership at NIKE, Inc.

Investors sentiment decreased to 0.8 in Q3 2017. Its up 0.25, from 1.1 in 2017Q2. Capital Research Global Investors lifted its holdings in shares of Nike by 10.4% during the 2nd quarter.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. The footwear maker reported $0.46 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.40 by $0.06. Wellington Management Group LLP lifted its holdings in shares of Nike by 5.0% during the 1st quarter. Reynders Mcveigh Capital Ltd Liability Co invested in 197,978 shares or 1.34% of the stock.

Now and with signs of stabilization in the US market and excess inventory cleared, the environment for a return to championship form looks to be in play for Nike. PARKER MARK G had sold 135,000 shares worth $8.78 million.

Looking ahead, it's our view that the size and construction of the consolidation pattern bode well for an upside breakout and fresh all-time-highs for NKE, and shares will have little difficulty overcoming any challenges from a bearish double top. Metropolitan Life Insurance Communications New York owns 43,111 shares for 0% of their portfolio. (NYSE:NKE) traded down 0.41% on Thursday, hitting $52.80. Bedrijfstakpensioenfonds Voor De Media Pno has 1.53% invested in NIKE, Inc. Augustine Asset Management reported 59,206 shares or 1.96% of all its holdings. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv has invested 0.04% in EVERTEC, Inc. Laurel Grove Capital Limited Liability Com invested in 0.12% or 3,250 shares. Private Advisor Grp Ltd Llc holds 74,970 shares. QUANTRES ASSET MANAGEMENT Ltd increased its position in Nike by 16.8% during the fourth quarter. Principal Gp accumulated 2.34 million shares.

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