Published: Sun, January 14, 2018
Finance | By Loren Pratt

Nike (NYSE:NKE) Given "Hold" Rating at Wedbush

Nike (NYSE:NKE) Given

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. (NYSE:NKE) was sold by Slusher John F on Tuesday, January 2. Southeast Asset Advisors Inc who had been investing in Gartner Inc for a number of months, seems to be bullish on the $11.62 billion market cap company. The current trading volume of 6.71 sits 50.67% lower than the past 3 month's readings, indicating near-term traders have been less active toward NKE than usual of late. BlackRock Institutional Trust Company N.A. increased its stake in shares of Nike by 1.8% in the third quarter. It has outperformed by 41.56% the S&P500. Robert W. Baird reiterated a "buy" rating and issued a $65.00 price objective on shares of Nike in a report on Sunday, September 10th. Therefore 17% are positive. Snap-on had 26 analyst reports since August 20, 2015 according to SRatingsIntel. Nike Inc now has $104.49 billion valuation. On Monday, September 26 the stock rating was initiated by Goldman Sachs with "Buy". The firm has "Buy" rating given on Tuesday, November 10 by Cantor Fitzgerald. Barclays Capital maintained Gartner, Inc. (NYSE:RHT) rating on Monday, December 4. (TSE:SJ) has "Outperform" rating given on Thursday, February 4 by RBC Capital Markets. Sarl reported 80,700 shares. Finally, Morgan Stanley reissued a "buy" rating and set a $64.00 target price (down from $68.00) on shares of Nike in a report on Tuesday, August 29th. Jefferies maintained Red Hat, Inc. The company now has a consensus rating of "Hold" and a consensus price target of $64.14. Shareholders of record on Monday, December 5th were given a dividend of $0.18 per share.

Investors sentiment decreased to 1.17 in Q3 2017. Its up 0.59, from 1.26 in 2017Q2. It turned negative, as 44 investors sold MAR shares while 224 reduced holdings. 58 funds opened positions while 196 raised stakes. State Board Of Administration Of Florida Retirement Sys reported 138,204 shares or 0.05% of all its holdings. (NYSE:NKE) or 5.84M shares.

Halsey Associates Inc, which manages about $849.92M and $507.35M US Long portfolio, decreased its stake in American Tower (NYSE:AMT) by 22,782 shares to 88,637 shares, valued at $12.12 million in 2017Q3, according to the filing. Mcdonald Capital Investors Ca invested 5.74% in NIKE, Inc. (NYSE:RHT). 337,181 are owned by Aqr Cap Management Lc.

Moreover, NIKE, Inc. may not help your current situation, but now that you have a better understanding, you will know when to act if the time comes. (NYSE:NKE) rating on Wednesday, September 27. 8,849 are held by Ent Fincl Corp. (NYSE:C) for 7,665 shares. Da Davidson & invested 0.01% in Marriott International, Inc. Great West Life Assurance Can stated it has 0.35% of its portfolio in NIKE, Inc.

Eulav Asset Management decreased Wolverine World Wide Inc (WWW) stake by 46.99% reported in 2017Q3 SEC filing. (NYSE:C) for 113,167 shares. 10,000 NIKE, Inc. (NYSE:NKE) shares with value of $620,000 were sold by Matheson Monique S. The stock is now moving above its 20-Day Simple Moving Average of 0.78% with a 50-Day Simple Moving Average of 6.54 percent. (NYSE:IT). Adage Prtn Group Inc Ltd Liability has 127,700 shares for 0.04% of their portfolio. During the same period in the previous year, the company earned $0.50 EPS. analysts expect that Nike will post 2.25 EPS for the current year. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company's stock. Therefore 55% are positive. Canaccord Genuity maintained it with "Hold" rating and $109.0 target in Tuesday, September 22 report. The brokerage now has a "hold" rating on the footwear maker's stock. The rating was maintained by Canaccord Genuity on Thursday, October 13 with "Hold".


Nike, Inc., based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. As per Wednesday, July 20, the company rating was maintained by RBC Capital Markets. The firm earned "Overweight" rating on Friday, September 25 by Piper Jaffray.

Nike (NYSE:NKE) last released its quarterly earnings results on Thursday, December 21st. Its up 0.25, from 1.1 in 2017Q2. It is negative, as 87 investors sold NKE shares while 457 reduced holdings.

Several institutional investors and hedge funds have recently made changes to their positions in the company. The footwear maker reported $0.46 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.40 by $0.06. Rothschild Inv Il holds 4,349 shares or 0.05% of its portfolio. Freestone Ltd Com, a Washington-based fund reported 481,689 shares. About 2.22 million shares traded. Sequoia Advsrs Ltd Llc holds 170,668 shares. Jacobs & Ca invested in 152,202 shares. Lathrop Mgmt owns 211,004 shares.

Fate Therapeutics, Inc. analysts gave 3 buy-equivalent recommendations, 0 sells and 0 holds. (NYSE:NKE). Randolph Communication Incorporated accumulated 312,175 shares. Banced holds 0.97% of its portfolio in Citigroup Inc. It also reduced its holding in Campbell Soup Co (NYSE:CPB) by 63,712 shares in the quarter, leaving it with 30,000 shares, and cut its stake in U S Silica Hldgs Inc (NYSE:SLCA). Weatherly Asset LP reported 41,061 shares. Pacad stated it has 42,985 shares or 0.49% of all its holdings. Independent Investors has 70,000 shares. Prudential Financial has 433,373 shares for 0.08% of their portfolio.

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