In today’s session Nike Inc (NKE) registered an unusually high (503) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the June, 2017 call, expecting serious NKE increase. With 503 contracts traded and 214 open interest for the Jun, 17 contract, it seems this is a quite bullish bet. The option with symbol: NKE170616C00052500 closed last at: $3.95 or 5.3% up. About 10.73 million shares traded hands or 5.51% up from the average. Nike Inc (NYSE:NKE) has declined 16.29% since March 1, 2016 and is downtrending. It has underperformed by 25.53% the S&P500.
Nike Inc (NYSE:NKE) Ratings Coverage
Out of 33 analysts covering Nike Inc. (NYSE:NKE), 22 rate it a “Buy”, 0 “Sell”, while 11 “Hold”. This means 67% are positive. $156.0 is the highest target while $52 is the lowest. The $85.10 average target is 63.62% above today’s ($52.01) stock price. Nike Inc. has been the topic of 101 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was maintained by Canaccord Genuity with “Hold” on Wednesday, March 23. The firm has “Buy” rating by Argus Research given on Tuesday, September 29. The firm has “Outperform” rating by Robert W. Baird given on Wednesday, June 29. Barclays Capital maintained Nike Inc (NYSE:NKE) on Wednesday, September 28 with “Overweight” rating. The firm has “Buy” rating by Deutsche Bank given on Friday, September 25. Citigroup maintained the stock with “Buy” rating in Wednesday, September 28 report. The rating was maintained by Canaccord Genuity with “Hold” on Wednesday, September 28. As per Wednesday, September 28, the company rating was maintained by Robert W. Baird. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, June 29 report. Brean Capital maintained Nike Inc (NYSE:NKE) on Wednesday, June 29 with “Buy” rating.
Insitutional Activity: The institutional sentiment decreased to 0.87 in Q2 2016. Its down 0.23, from 1.1 in 2016Q1. The ratio worsened, as 116 funds sold all Nike Inc shares owned while 470 reduced positions. 98 funds bought stakes while 413 increased positions. They now own 1.02 billion shares or 2.98% less from 1.05 billion shares in 2016Q1.
Hbk Sorce Advisory Ltd holds 0.13% or 11,027 shares in its portfolio. Spears Abacus Advsr Ltd Liability Company accumulated 0.1% or 13,951 shares. Mutual Of Omaha Natl Bank Wealth Mngmt, a Arizona-based fund reported 2,670 shares. Woodmont Invest Counsel accumulated 42,794 shares or 0.71% of the stock. Ontario Teachers Pension Plan Board has 0.18% invested in the company for 287,687 shares. Castleark Mngmt Ltd Company owns 328,390 shares or 0.58% of their US portfolio. Daiwa Sb Investments Limited reported 19,600 shares or 0.31% of all its holdings. Busey has invested 1.99% of its portfolio in Nike Inc (NYSE:NKE). Guggenheim Ltd Llc accumulated 819,314 shares or 0.14% of the stock. Jacobson Schmitt has 4.74% invested in the company for 101,212 shares. Sigma Planning last reported 33,363 shares in the company. Alpha Windward Ltd Liability Com owns 3,486 shares or 0.14% of their US portfolio. Moreover, Brick And Kyle Assocs has 0.07% invested in Nike Inc (NYSE:NKE) for 1,600 shares. Pathstone Family Office Llc reported 528 shares or 0.03% of all its holdings. Marquette Asset Incorporated holds 0.09% of its portfolio in Nike Inc (NYSE:NKE) for 3,890 shares.
Insider Transactions: Since April 14, 2016, the stock had 2 buys, and 8 sales for $29.45 million net activity. LECHLEITER JOHN C also bought $60,180 worth of Nike Inc (NYSE:NKE) shares. $67,481 worth of Nike Inc (NYSE:NKE) shares were sold by SPRUNK ERIC D. The insider PARKER MARK G sold 50,000 shares worth $3.00 million. Shares for $4.20M were sold by Slusher John F. Another trade for 55,000 shares valued at $3.25 million was made by Krane Hilary K on Thursday, April 28.
NIKE, Inc. is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The company has a market cap of $87.52 billion. The Company’s operating divisions include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. It has a 23.52 P/E ratio. The Company’s portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.
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