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Nike, Inc. (NKE) Receives Buy Rating from DA Davidson

14 September 2017

About shares traded. Nike Inc (NYSE:NKE) has declined 9.24% since September 14, 2016 and is downtrending. The Saturna Capital Corp holds 808,814 shares with $41.11 million value, up from 794,814 last quarter. Market valuation of the company is $88.09 B, a price to earnings ratio of 21.36 along with a stock beta of 0.61. Altfest L J And holds 0.1% of its portfolio in Nike Inc (NYSE:NKE) for 3,964 shares. The institutional investor owned 120,410 shares of the footwear maker's stock after selling 3,880 shares during the period.

Massachusetts Financial Services MA lifted its holdings in Nike, (NYSE:NKE) by 9.8% in the 1st period, based on the latest 13F form document with the Securities & Exchange Commission. It has underperformed by 16.70% the S&P500. Stearns Financial Services Group grew its stake in Nike by 0.4% during the 2nd quarter. This works out to a net decrease in ownership of 8.44 million shares, and suggests that institutions are feeling bearish about the stock. Webster Finl Co now has $4.42 billion valuation. Janus Henderson Group PLC now owns 16,619,387 shares of the footwear maker's stock worth $980,539,000 after purchasing an additional 16,237,557 shares during the last quarter. It has outperformed by 10.05% the S&P500.

Since May 2, 2017, it had 0 buys, and 4 selling transactions for $693,363 activity. EPS long term mean growth rate estimated by 33 analysts is at 2.79%, whereas, the high and low Long term growth rate estimated at 3.03 and 2.6. Also, Chairman Mark G. Parker sold 100,000 shares of the company's stock in a transaction dated Wednesday, February 1st.

Analysts await Nike Inc (NYSE:NKE) to report earnings on September, 26 after the close. During the same period a year ago, the firm posted $0.49 earnings per share. NKE's profit will be $788.19 million for 27.86 P/E if the $0.48 EPS becomes a reality. Cap Sarl reported 43,400 shares. Its up 0.02, from 1.09 in 2016Q3. Amf Pensionsforsakring Ab reported 0.86% in Nike Inc (NYSE:NKE). First Bank Na invested in 0.72% or 72,278 shares. Airain Ltd holds 0.75% of its portfolio in Nike Inc (NYSE:NKE) for 183,594 shares. Credit Suisse Ag invested 0.02% in Sonoco Products Co (NYSE:SON). Seaward Mngmt Ltd Partnership invested in 0.38% or 138,538 shares. Meiji Yasuda Life Insur holds 38,008 shares or 0.32% of its portfolio. The company has market cap of $1.21 billion. It represents the number of a stock's shares that are being shorted by investors. Archford Strategies Llc invested in 76 shares. Therefore 43% are positive. Nike Inc. had 172 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by FBR Capital on Thursday, October 15 with "Mkt Perform". The stock of Nike Inc (NYSE:NKE) earned "Market Perform" rating by Kelsey Advisory Group on Monday, August 24. The firm has "Equal-Weight" rating by Barclays Capital given on Friday, August 5. The firm earned "Underperform" rating on Friday, July 21 by Bank of America. The stock of Nike Inc (NYSE:NKE) earned "Buy" rating by Stifel Nicolaus on Wednesday, September 28. On Monday, April 24 the stock rating was maintained by Wood with "Buy".

Eulav Asset Management increased Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) stake by 98,000 shares to 148,000 valued at $6.44M in 2016Q4.

Short interest is another tool that analysts use to gauge investor sentiment. Its down 0.07, from 1.07 in 2016Q3.

A number of large investors have recently bought and sold shares of NKE. 112 funds opened positions while 405 raised stakes. The fund held 12,679,290 stocks of the footwear maker's shares after purchasing an extra 1,130,409 shares through out the quarter. Addenda Capital holds 204,869 shares. Bb&T holds 0.01% or 6,450 shares. (NYSE:NKE), 26 have Buy rating, 2 Sell and 15 Hold. Argent Tru reported 8,764 shares stake. Great Lakes Advisors invested 0.12% of its portfolio in Nike Inc (NYSE:NKE). Ahl Partners Llp accumulated 162,886 shares. Spears Abacus Advsr accumulated 11,597 shares. Piper Jaffray maintained Nike Inc (NYSE:NKE) rating on Friday, June 30. Scotia accumulated 213,455 shares. California-based Fuller & Thaler Asset Mngmt Inc has invested 0.01% in Nike Inc (NYSE:NKE). Following the completion of the transaction, the chairman now owns 1,966,235 shares in the company, valued at $104,092,480.90. Edge Asset Mgmt has 479,680 shares for 0.19% of their portfolio. Nippon Life Ins invested in 52,507 shares or 0.05% of the stock. Keybank Association Oh invested 0.35% in Nike Inc (NYSE:NKE).

Saturna Capital Corp decreased Adobe Systems (NASDAQ:ADBE) stake by 209,200 shares to 625,638 valued at $64.41 million in 2016Q4. Accredited Investors Inc. now owns 4,167 shares of the footwear maker's stock worth $232,000 after buying an additional 19 shares during the last quarter. Illinois Tool Works (NYSE:ITW) was reduced too. On Wednesday, March 29 the insider SPRUNK ERIC D sold $2.85 million. Insiders have sold 492,360 shares of company stock worth $28,485,174 in the last ninety days.

Nike, Inc. (NKE) Receives Buy Rating from DA Davidson