Nike, Inc. (NYSE:NKE) Chairman Sells $7429050.00 in Stock

Elias Hubbard
November 14, 2017

Consulta Ltd acquired 200,000 shares as Nike Inc (NKE)'s stock declined 8.78%. The Minneapolis Portfolio Management Group Llc holds 391,327 shares with $22.44M value, down from 611,674 last quarter.

Shares of Nike, Inc. Capital World Investors now owns 21,779,409 shares of the footwear maker's stock worth $1,284,985,000 after acquiring an additional 8,058,601 shares in the last quarter. About 3 shares traded.

Nike (NYSE:NKE) last posted its quarterly earnings results on Tuesday, September 26th. It has underperformed by 25.94% the S&P500. NKE's profit will be $636.26 million for 35.79 P/E if the $0.39 EPS becomes a reality.

Pacira Pharmaceuticals, Inc. (NASDAQ:PCRX) overall volume in the last trading session was 787,026 shares. About 963,770 shares traded or 75.07% up from the average. It has outperformed by 30.29% the S&P500.

Since June 1, 2017, it had 0 insider purchases, and 1 sale for $3.66 million activity. Bright Rock Capital Limited has invested 1.57% of its portfolio in Nike Inc (NYSE:NKE). On average, equities analysts expect that Nike will post $2.34 EPS for the current fiscal year.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.3 out of the scale from 1 to 5, where 1 stands for Buy and 5 means Sell. Therefore 55% are positive. Nike Inc. had 194 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has "Buy" rating by Cowen & Co on Friday, August 18. The firm has "Outperform" rating by Scotia Capital given on Thursday, September 22. Piper Jaffray Companies reiterated a "hold" rating and issued a $50.00 price objective on shares of Nike in a report on Wednesday, November 1st. The stock of Best Buy Co Inc (NYSE:BBY) earned "Buy" rating by Loop Capital on Wednesday, April 5. The stock has "Market Perform" rating by Cowen & Co on Thursday, March 23. Nike now has a consensus rating of "Hold" and an average target price of $58.93. Bank of America maintained the stock with "Neutral" rating in Wednesday, September 28 report. The firm has "Buy" rating given on Wednesday, March 23 by Jefferies.

Investors sentiment decreased to 1 in Q2 2017. The company has a quick ratio of 1.81, a current ratio of 2.67 and a debt-to-equity ratio of 0.29.

Several hedge funds have recently added to or reduced their stakes in the business. 994.42 million shares or 3.48% less from 1.03 billion shares in 2017Q1 were reported.

Wall Street await Nike Inc (NYSE:NKE) to release earnings on December, 19. American Intl Group Inc Inc invested 0.09% of its portfolio in Nike Inc (NYSE:NKE).

Nike, Inc. has a one year low of $49.75 and a one year high of $60.53. Franklin Street Inc Nc holds 86,529 shares or 0.87% of its portfolio. Following the sale, the director now directly owns 25,660 shares of the company's stock, valued at approximately $1,371,527. Moreover, Plante Moran Finance Ltd has 0.02% invested in Nike Inc (NYSE:NKE). First Interstate Financial Bank stated it has 93,321 shares or 1.14% of all its holdings. Farmers Tru holds 0.69% or 33,001 shares. Braun Stacey Assoc, New York-based fund reported 4,400 shares. Exxonmobil Inc Tx invested in 254,441 shares or 0.38% of the stock. Neuberger Berman Gp Limited Liability Company has 0.17% invested in Nike Inc (NYSE:NKE) for 2.25 million shares. Envestnet Asset Management accumulated 775,982 shares. Independent Invsts accumulated 70,000 shares or 1.79% of the stock.

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The company has market cap of $42.38 billion. The Firm operates through three divisions: Packaging, Paper, and Corporate and Other.

Among 27 analysts covering Deere & Company (NYSE:DE), 8 have Buy rating, 4 Sell and 15 Hold. Therefore 67% are positive. Element Financial Corporation had 32 analyst reports since August 10, 2015 according to SRatingsIntel. The company was maintained on Friday, August 25 by Credit Suisse. RBC Capital Markets maintained the shares of BBY in report on Friday, January 15 with "Sector Perform" rating. 1 analysts gave its stock an Outperform rating. Robert W. Baird maintained Nike Inc (NYSE:NKE) rating on Wednesday, September 28. The rating was maintained by Telsey Advisory Group with "Outperform" on Friday, November 18. Ray Gerald L & Associates Ltd. now owns 11,350 shares of the footwear maker's stock worth $633,000 after acquiring an additional 868 shares during the period. The stock has "Hold" rating by RBC Capital Markets on Friday, June 23. The company was upgraded on Thursday, July 20 by Morgan Stanley. The stock of Deere & Company (NYSE:DE) has "Neutral" rating given on Monday, January 4 by UBS.

Since May 15, 2017, it had 0 insider buys, and 4 insider sales for $6.24 million activity. BECKER JAN sold $274,266 worth of stock. 63,631 shares were sold by MOHAN RAJENDRA M, worth $3.82 million on Thursday, May 25.

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