Nike Inc (NYSE:NKE) Stake Lessened by Davidson & Garrard Inc

Marco Green
January 13, 2018

Bank Of Stockton sold 6,100 shares as the company's stock declined 8.78% while stock markets rallied. The Gareth Morgan Investments Limited Partnership holds 108,904 shares with $5.65M value, down from 126,620 last quarter. Wells Fargo & Company who had been investing in Franklin Elec Inc for a number of months, seems to be less bullish one the $2.08 billion market cap company.

Shares of Nike Inc (NYSE:NKE) traded down $0.03 during midday trading on Wednesday, hitting $64.06. The total number of shares traded in the last 12 months is 6.21 million.

Nike (NYSE:NKE) last released its quarterly earnings data on Thursday, December 21st. It has underperformed by 25.94% the S&P500.

Davis Capital Partners Llc increased its stake in Signature Bank New York (SBNY) by 122.92% based on its latest 2017Q3 regulatory filing with the SEC. Buckingham Asset Management LLC now owns 6,797 shares of the footwear maker's stock worth $401,000 after acquiring an additional 45 shares during the period. The stock decreased 0.37% or $0.235 during the last trading session, reaching $63.985. About 3,655 shares traded. HC2 Holdings, Inc. (HCHC) has risen 33.90% since January 10, 2017 and is uptrending. It has underperformed by 16.70% the S&P500. Advisors holds 19,270 shares. Therefore 90% are positive. As per Monday, January 11, the company rating was downgraded by Barclays Capital. (NYSE:CSRA) on Wednesday, January 20 with "Buy" rating. The firm earned "Outperform" rating on Thursday, June 22 by Telsey Advisory Group. (NYSE:IT) earned "Mkt Perform" rating by FBR Capital on Friday, November 6. Finally, DA Davidson restated a "buy" rating and set a $69.00 target price on shares of Nike in a research note on Thursday, September 14th. Innovative manufacturing processes should also benefit the company in coming years, as it looks to stay several steps ahead of the competition in a very tough retail environment.

Investors sentiment decreased to 1.17 in Q3 2017. The company has a quick ratio of 1.67, a current ratio of 2.46 and a debt-to-equity ratio of 0.30. Capital Research Global Investors grew its position in shares of Nike by 10.4% in the 2nd quarter. It also reduced its holding in Celgene (NASDAQ:CELG) by 3,721 shares in the quarter, leaving it with 147,411 shares, and cut its stake in Apple (NASDAQ:AAPL). 953,298 were accumulated by Duff Phelps Management. Wellington Shields Cap Management Ltd Llc has 0.29% invested in NIKE, Inc. Checchi Advisers Limited Liability Co reported 10,648 shares. Alexandria Ltd Llc invested in 0.96% or 73,737 shares. 8,849 are held by Ent Fincl Corp. Exane Derivatives owns 35,687 shares. Security Retail Bank Of Sioux City Iowa Ia holds 2.27% or 44,663 shares in its portfolio. Castleark Management Ltd Limited Liability Company has invested 0.08% in Tallgrass Energy Partners, LP (NYSE:TEP).

Gillespie Robinson & Grimm Inc, which manages about $954.83 million and $750.30 million US Long portfolio, decreased its stake in Anadarko Petroleum (NYSE:APC) by 6,675 shares to 59,965 shares, valued at $2.93 million in 2017Q3, according to the filing. During the same quarter last year, the company earned $0.50 EPS. sell-side analysts forecast that Nike Inc will post 2.25 earnings per share for the current year. Of those analysts, 11 rate stock as a Strong Buy, 14 rate it as Hold, and just 1 analyst rates it as a Moderate Sell. Therefore 52% are positive. With these types of results to display analysts, are more optimistic than before, leading 20 of analysts who cover NIKE, Inc. Nike Inc has a 1-year low of $50.35 and a 1-year high of $65.18. (NYSE:NKE) rating on Wednesday, March 23. Canaccord Genuity maintained NIKE, Inc. The rating was maintained by Canaccord Genuity with "Hold" on Wednesday, June 29. The rating was maintained by Robert W. Baird with "Buy" on Tuesday, August 22. The rating was downgraded by Argus Research to "Hold" on Tuesday, April 4. (NYSE:NKE) has "Overweight" rating given on Wednesday, March 23 by Morgan Stanley. As per Wednesday, December 28, the company rating was maintained by Credit Suisse. As per Friday, September 25, the company rating was maintained by Citigroup. California Public Employees Retirement reported 3.22 million shares or 0.25% of all its holdings.

Duncker Streett & Company Inc increased Visa Inc (NYSE:V) stake by 4,851 shares to 12,703 valued at $1.34M in 2017Q3.

Since September 14, 2017, it had 0 buys, and 5 insider sales for $18.84 million activity. 10,000 shares were sold by Matheson Monique S., worth $620,000. (NYSE:NKE) on Friday, December 15. Slusher John F also sold $7.94 million worth of NIKE, Inc. RODGERS JOHNATHAN A sold $855,206 worth of stock.

Investors of record on Monday, December 4th were paid a $0.20 dividend. Its up 0.25, from 1.1 in 2017Q2. It dived, as 87 investors sold NKE shares while 457 reduced holdings. 34 funds opened positions while 51 raised stakes. The footwear maker reported $0.46 EPS for the quarter, beating the Zacks' consensus estimate of $0.40 by $0.06. Rock Point Advsrs Ltd Liability Co reported 173,893 shares. Williams Jones & Assoc Ltd holds 0.71% or 552,987 shares. Kbc Gru Nv has invested 0.19% of its portfolio in NIKE, Inc. The earnings per share growth this is year has been 16.10% and is predicted to be 7.55% over the next five years. Eaton Vance Mgmt accumulated 5.25 million shares. 71,500 were reported by Mutual Insur Federation Of Agricultural Cooperatives. (NYSE:NKE). Yhb Inv Advsr Inc owns 101,809 shares or 0.94% of their United States portfolio. Envestnet Asset Mgmt Inc invested 0.1% in NIKE, Inc. 0 analysts gave its stock an Outperform rating. Bank & Trust Of Nova Scotia Trust Company stated it has 0.42% in NIKE, Inc. (NYSE:NKE). 137,949 are owned by Jlb.

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