Economy

Somewhat Favorable News Coverage Somewhat Unlikely to Affect Nike (NKE) Share Price

Schaper Benz & Wise Invest Counsel Inc Wi holds 0.74% of its portfolio in Nike Inc (NYSE:NKE) for 81,660 shares. (NYSE:NKE) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. Montecito Bank & Trust now owns 7,200 shares of the footwear maker's stock valued at $402,000 after purchasing an additional 24 shares during the last quarter. Douglass Winthrop Advisors LLC's holdings in Nike were worth $6,340,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in NKE. CWM LLC boosted its stake in Nike by 18.1% in the third quarter. Webster Bank N.A. now owns 2,092 shares of the footwear maker's stock valued at $117,000 after acquiring an additional 900 shares in the last quarter. Fifth Third Bancorp has an ownership of 1,120,494 stocks of the footwear maker's shares valued at $62,445,000 after scooping up an extra 39,554 shares through out the quarter. North Star Asset Management Inc. now owns 56,732 shares of the footwear maker's stock worth $3,162,000 after acquiring an additional 4,129 shares during the period.

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In related news, insider Eric D. Sprunk sold 112,323 shares of the stock in a transaction that occurred on Friday, July 28th. Of those transactions, there were 598,214 shares of NKE bought and 4.81 million shares sold. Commonwealth Equity Services Inc bought 32,886 shares as the company's stock declined 8.78% while stock markets rallied. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The insider, SPRUNK ERIC D, now holds 139,551 shares of NKE. Shares were disposed in a price range of $57.63, amounting to $11,526,000.00. after the transaction, the executive has an ownership of 729,610 stocks in the company, worth at $42,047,424.30. executives unloaded a total of 492,360 stocks of company shares worth at $28,485,174 in the previous 90 days. Following the transaction, the chief financial officer now directly owns 34,976 shares of the company's stock, valued at approximately $2,077,574.40. The disclosure for this sale can be found here. The data from the past twelve months tells a similar story: insiders executed 19 buys and 53 sells, and ownership decreased by a net of 4.21 million shares. Thematic Partners Ltd Liability owns 2.15 million shares or 3.67% of their USA portfolio. The insider now holds 86,344 shares of NIKE, Inc. Morgan Stanley reaffirmed a "buy" rating and set a $64.00 price objective (down previously from $68.00) on shares of Nike in a report on Tuesday, August 29th. Nomura restated a "buy" rating and issued a $60.00 price target on shares of Nike in a report on Friday, June 30th. Of those analysts, 12 rate stock as a Strong Buy, 13 rate it as Hold, and just 1 analyst rates it as a Moderate Sell. Nike presently has a consensus rating of "Buy" and a consensus target price of $60.44. Zacks Investment Research cut shares of Nike from a "hold" rating to a "sell" rating in a research note on Wednesday, November 30th.

Nike (NYSE:NKE) traded up 0.22% during midday trading on Wednesday, reaching $53.52. The company has a market capitalization of $87.94 billion, a price-to-earnings ratio of 21.32 and a beta of 0.61. The stock's 50 day moving average price is $56.31 and its 200 day moving average price is $55.53.

Nike (NYSE:NKE) last released its earnings results on Thursday, June 29th. The business had revenue of $8.68 billion during the quarter, compared to analyst estimates of $8.63 billion. Dynamic Cap Management Limited holds 0.07% of its portfolio in Nike Inc (NYSE:NKE) for 12,532 shares. Company's sales went up 5.3% on a YOY basis. for the same period in the prior fiscal year, firm posted $0.49 Earnings Per Share. The institutional investor held 678,892 shares of the central company at the end of 2016Q4, valued at $23.63 million, up from 657,917 at the end of the previous reported quarter. On average, analysts forecast that Nike will post $2.42 EPS for the current year.

As of late the company also announced a periodic dividend, expected to be paid on early Mon, Oct 2nd. Shareholders of record on Tuesday, September 5th will be paid a $0.18 dividend. Accredited Investors Inc. increased its holdings in Nike by 0.5% in the 1st quarter. "(NKE) Ex-Dividend Date Scheduled for August 31, 2017" on August 30, 2017. Nike's payout ratio is 28.69%.

NIKE, Inc.is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services.



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