Nike, Inc. (NKE) Stake Decreased by First Mercantile Trust Co
- Author: Zachary Reyes Jun 22, 2017,
Jun 22, 2017, 1:20
They expect $0.12 earnings per share, up 9.09% or $0.01 from last year's $0.11 per share. The firm owned 46,396 shares of the footwear maker's stock after selling 3,079 shares during the period.
About 27,763 shares traded or 5.42% up from the average. It has outperformed by 6.59% the S&P500. $56,301 worth of Nike Inc (NYSE:NKE) was bought by LECHLEITER JOHN C. Shares for $7.09M were sold by Slusher John F on Tuesday, January 3. Delta Asset Mgmt Ltd Liability Company Tn stated it has 1,556 shares or 0.01% of all its holdings. Clarius Group LLC acquired a new stake in shares of Nike during the fourth quarter worth approximately $111,000.
"In a research note Wednesday, the USA investment bank said the two were working on a direct relationship, which would give Nike the opportunity to reach a wider audience, especially younger shoppers who prefer to shop online". Harding Loevner LP invested in 6.63M shares. Nike Inc (NYSE:NKE) has declined 9.24% since June 21, 2016 and is downtrending.
Investors sentiment increased to 0.98 in 2016 Q4. Its up 0.04, from 0.94 in 2016Q3.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in NKE. The footwear maker reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.53 by $0.15. Saratoga Rech Inv Mgmt reported 1.95% of its portfolio in Nike Inc (NYSE:NKE).
NIKE, Inc. (NYSE:NKE) Textile - Apparel Footwear & Accessories has a Current Ratio of 3.1 with a Quick Ratio value of 2.1. Crawford Investment Counsel Inc reported 0.08% of its portfolio in SM Energy Co (NYSE:SM). Dycom Industries, Inc. (NYSE:DY) distance from 200-day simple moving average (SMA200) is 4.14%. Atwood And Palmer Inc owns 0% invested in Nike Inc (NYSE:NKE) for 444 shares. The company's market cap is $89.1 Billion, and the average volume is 10.16 Million. Davidson Advsr holds 18,149 shares. Stephens Inc Ar holds 63,288 shares or 0.13% of its portfolio. 8,037 were accumulated by Balasa Dinverno And Foltz Ltd Liability Corporation. Nike stock rose 1% as shares of Amazon gained 0.30% in morning trading. Assetmark invested 0.01% of its portfolio in Nike Inc (NYSE:NKE). Kelsey Advisory Group upgraded Nike Inc (NYSE:NKE) rating on Monday, August 24. Credit Suisse Ag holds 0.28% or 5.55 million shares in its portfolio.
Further bolstering the rumor, Goldman Sachs analyst Lindsay Drucker Mann also recently said that Nike was getting close to a tighter relationship with Amazon. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-one have issued a buy rating to the company. Therefore 60% are positive. Rothschild Asset Management Inc. raised its position in Nike by 29.4% in the third quarter. The stock of Nike Inc (NYSE:NKE) has "Mkt Perform" rating given on Thursday, October 15 by FBR Capital. Barclays Capital downgraded the stock to "Equal-Weight" rating in Thursday, June 9 report. On Wednesday, September 28 the stock rating was maintained by Bank of America with "Neutral". Clearbridge Ltd Liability Corp reported 1,720 shares. Telsey Advisory Group maintained it with "Outperform" rating and $142 target in Monday, November 2 report. (The) set a $62.00 price objective on Nike and gave the company a "buy" rating in a research note on Friday. JP Morgan has "Buy" rating and $61 target.
In other news, Chairman Mark G. Parker sold 100,000 shares of the company's stock in a transaction dated Monday, April 3rd. (NYSE:NKE), 23 have Buy rating, 2 Sell and 14 Hold. Shares for $10.62M were sold by Ayre David J on Monday, January 30. 50,000 shares were sold by SPRUNK ERIC D, worth $2.78 million on Friday, March 24.
Since January 1, 0001, it had 0 buys, and 14 insider sales for $26.21 million activity. State Street Corp now owns 58,719,250 shares of the footwear maker's stock valued at $2,984,719,000 after buying an additional 2,563,166 shares during the period.
Among 20 analysts covering SM Energy (NYSE:SM), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 41% are positive. On Wednesday, June 29 the stock rating was maintained by Goldman Sachs with "Neutral". On Thursday, December 17 the stock rating was maintained by Jefferies with "Buy". This rating uses a scale where a 1 or a 2 would indicate a consensus Buy recommendation. The firm has "Outperform" rating by RBC Capital Markets given on Thursday, March 10.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th.