Economy

Stock Traders Purchase Large Volume of Put Options on Nike (NYSE:NKE)

Polen Capital Management LLC now owns 11,350,849 shares of the footwear maker's stock valued at $632,583,000 after buying an additional 940,716 shares during the last quarter. Nike Inc Cl B now has $88.16B valuation. Bank of New York Mellon Corp now owns 29,087,830 shares of the footwear maker's stock valued at $1,621,066,000 after purchasing an additional 144,846 shares during the last quarter. About shares traded. KLA-Tencor Corp (KLAC) has risen 49.94% since September 12, 2016 and is uptrending. Condor Capital Management sold 11,409 shares as Nike Inc (NKE)'s stock declined 8.78%. It has underperformed by 25.94% the S&P500.

Mason Hill Advisors Llc decreased its stake in Credicorp Ltd (BAP) by 13.52% based on its latest 2016Q4 regulatory filing with the SEC. Retirement Of Alabama accumulated 14,123 shares or 0.03% of the stock. The institutional investor held 268,698 shares of the consumer non-durables company at the end of 2016Q4, valued at $13.66 million, up from 250,543 at the end of the previous reported quarter. The company has market cap of $3.97 billion. The stock increased 0.86% or $0.001 on September 11, reaching $0.141. Nike Inc (NYSE:NKE) has declined 9.24% since September 12, 2016 and is downtrending. It has underperformed by 16.70% the S&P500. Therefore 86% are positive. CubeSmart had 27 analyst reports since July 21, 2015 according to SRatingsIntel. On Thursday, September 15 the stock rating was maintained by M Partners with "Buy". The firm has "Neutral" rating by SunTrust given on Tuesday, September 20. The stock has "Buy" rating by Argus Research on Monday, December 28. (NYSE NKE) opened at 53.03 on Tuesday. Jefferies has "Buy" rating and $65 target. The rating was downgraded by Raymond James on Wednesday, August 30 to "Market Perform". Finally, Morgan Stanley raised shares of Nike from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $56.00 to $68.00 in a research note on Wednesday, July 19th. Susquehanna initiated the stock with "Neutral" rating in Tuesday, September 20 report. Robert W. Baird maintained it with "Outperform" rating and $67 target in Wednesday, June 29 report.

Investors sentiment increased to 1.09 in Q4 2016. This represents a $0.72 annualized dividend and a dividend yield of 1.36%. It is positive, as 35 investors sold CUBE shares while 76 reduced holdings. Jennison Associates LLC raised its position in Nike by 124.7% in the 1st quarter. 175.48 million shares or 0.01% less from 175.51 million shares in 2016Q3 were reported. Highvista Strategies Limited Liability holds 0.2% in Chipotle Mexican Grill, Inc. Palisade Llc Nj invested in 0.06% or 32,975 shares. Glaxis Capital Management Llc owns 20,000 shares or 4.4% of their United States portfolio. Comerica Bankshares has invested 0% in CubeSmart (NYSE:CUBE). Welch Forbes Ltd holds 0.02% or 9,950 shares. Credit Agricole S A has invested 0.01% in CubeSmart (NYSE:CUBE). Livforsakringsbolaget Skandia Omsesidigt holds 80,906 shares or 0.21% of its portfolio. Nuveen Asset Ltd has 329,396 shares. The New York-based Levy Harkins & Co Inc has invested 5.37% in the stock. D E Shaw & reported 125,249 shares. Aviva Public Ltd reported 839,113 shares. Chicago Equity Ltd, Illinois-based fund reported 179,145 shares. Menta Capital Ltd Liability has 39,100 shares for 0.17% of their portfolio. Wells Fargo & Co New Com (NYSE:WFC) was reduced too. Cincinnati.com's article titled: "Union Twp. snags CubeSmart, La-Z-Boy furniture" and published on August 24, 2017 is yet another important article. Analysts expect that Nike will post $2.41 EPS for the current fiscal year. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-three have issued a buy rating to the company's stock. Therefore 60% are positive. Chipotle Mexican Grill Inc. had 176 analyst reports since July 22, 2015 according to SRatingsIntel. (NYSE:CMG) on Thursday, January 5 to "Neutral" rating.

Nike (NYSE:NKE) previously released its earnings report on Early Thur, Jun 29th. As per Wednesday, November 2, the company rating was initiated by Deutsche Bank. Barclays Capital maintained it with "Overweight" rating and $149 target in Tuesday, March 15 report. The company was maintained on Friday, September 25 by Jefferies. LECHLEITER JOHN C bought $56,301 worth of Nike Inc (NYSE:NKE) on Friday, March 24. The rating was maintained by Credit Suisse with "Outperform" on Wednesday, March 23. The stock has "Mkt Perform" rating by FBR Capital on Friday, September 25. Stifel Nicolaus reaffirmed a "buy" rating and set a $66.00 price target on shares of Nike in a research note on Friday, June 30th.

Investors sentiment decreased to 1 in 2016 Q4. Its up 0.04, from 0.94 in 2016Q3.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Sentry Investment Management has an ownership of 104,569 stocks of the footwear maker's shares valued at $6,170,000 following acquiring an extra 993 stocks in the previous period. UBS maintained Nike Inc (NYSE:NKE) rating on Wednesday, June 29. Arizona-based Papp L Roy has invested 0.86% in Nike Inc (NYSE:NKE). 409,048 were accumulated by Gulf Int Bancorp (Uk). The stock of Nike Inc (NYSE:NKE) has "Neutral" rating given on Monday, September 26 by B.riley. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 330,424 shares. Laurion Limited Partnership has 0.03% invested in Nike Inc (NYSE:NKE). Johnson Gru Incorporated holds 44 shares. Private Trust Communications Na has 0.24% invested in Nike Inc (NYSE:NKE). Banque Pictet Cie has invested 3.05% of its portfolio in Nike Inc (NYSE:NKE). Nomura Asset Ltd holds 0.44% of its portfolio in Nike Inc (NYSE:NKE) for 484,445 shares. Regions Financial invested 0.07% in Nike Inc (NYSE:NKE). Nike's quarterly revenue was up 5.3% compared to the same quarter a year ago. The ex-dividend date is Thursday, August 31st.

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